The Australian Government is backing more manufacturers to grow and create new jobs as they help secure our economic recovery, with $280 million in funding on offer.
The matched funding is available through Round 2 of the Integration and Translation Streams of the $1.3 billion Modern Manufacturing Initiative (MMI).
Minister for Industry, Energy and Emissions Reduction Angus Taylor said the matched funding will help manufacturers break into new markets and translate great ideas into commercial outcomes.
“Our manufacturing sector is going from strength to strength, with more than a million Australians employed in manufacturing and strong confidence in the future of the sector.”
“We know our manufacturers will lead the charge when it comes to our economic recovery from the pandemic – and that’s why we’re investing in them to help secure our future,” Minister Taylor said.
The Australian Government has officially announced that applications for the Modern Manufacturing Initiative’s (MMI’s) Round 2, will open 13 December 2021, with program guidelines, a sample application form and other information now available.
Manufacturing Translation Stream
The Manufacturing Translation Stream provides businesses with funding to support projects that translate high quality research into commercial outcomes and support businesses to scale-up and be more competitive and resilient. It provides co-funding to support businesses to adopt new technologies and improve their manufacturing processes to boost productivity and competitiveness.
Manufacturing Integration Stream
The Manufacturing Integration Stream supports projects that integrate Australian businesses into domestic and international value chains, propelling their goods and services into new markets. It provides co-funding to encourage linkages between local businesses and domestic and international firms, increasing scale, supply capacity, and the ability to innovate. It will also facilitate the adoption of product standards and greater sharing and transfer of knowledge.
Project funding will support business-to-business and business-to-research collaboration across the Morrison Government’s six National Manufacturing Priority areas – medical products, clean energy and recycling, food and beverage, defence, space and resource technology and critical minerals.
Eligibility and Funding
Eligible projects should support businesses to collaborate with other businesses and with researchers and must deliver benefits in 1 or more of the 6 National Manufacturing Priority areas.
Resources technology and critical minerals processing
Food and beverage
Medical products
Recycling and clean energy
Defence
Space
The minimum grant amount is $1 million.
The maximum grant amount is $20 million.
We expect the average grant size to be around $4 million.
Closing Date: 14th January 5pm.
For further information contact: info@hainesconsultinggroup.com.au