Modern Manufacturing Initiative
This morning the Minister for Industry, Science and Technology Karen Andrews announced applications are now open under the Modern Manufacturing Initiative - Manufacturing Translation and Integration Streams. Initially, applications are open for businesses supporting the Space National Manufacturing Priority area, which coincides with the publication of the industry led space manufacturing roadmap. Rounds for other manufacturing priority areas will progressively open over the coming weeks.
Applications for the space grant opportunities will close at 5.00pm AEDT on Monday 22 March 2021.
The Modern Manufacturing Initiative is a key plank of the Australian Government’s $1.5billion Modern Manufacturing Strategy. Funding will help boost investment in the growth of the manufacturing sector, enhance Australia’s reputation, open up new markets, create new skilled jobs and increase exports.
The National Manufacturing Priorities are:
§ Space (NOW OPEN)
§ Medical Products
§ Resources Technology and Critical Minerals Processing
§ Food and Beverage
§ Recycling and Clean Energy
Open funding streams
§ Manufacturing Translation Stream: supports Australian manufacturers to translate high quality research and ideas into commercial outcomes and support businesses to scale-up and become more competitive and resilient.
§ Manufacturing Integration Stream: supports Australian manufacturers to access domestic and international value chains, propelling their goods and services into new markets and fostering Australia’s reputation as a modern manufacturing leader.
Under the Manufacturing Translation and Integration Streams, the Australian Government is co-funding grants of between $1 million to $20 million, up to 50% of the eligible project expenditure.
Modern Manufacturing Initiative Information Sessions
We are hosting a joint information session with the Manufacturing Division, that will provide an overview of the Manufacturing Translation and Integration streams, including eligibility requirements and key points from the assessment criteria. We will also provide some general tips for presenting a strong application. The session will be recorded and uploaded to business.gov.au.