Defence, space manufacturing to get part of $30m extra boost

By on 16 March, 2021

Modern Manufacturing Strategy satellite space

Over and above the Federal Government’s recently announced $1.5 billion Modern Manufacturing Strategy, Minister for Industry, Science and Technology Karen Andrews has announced an additional $30m to be made available on a dollar-for-dollar basis.

The Commercialisation Fund aims to foster projects that bring industry and researchers together to commercialise new manufacturing products and processes.

“Making science and technology work for industry is one of the central pillars of our Government’s $1.5 billion Modern Manufacturing Strategy and this fund is just one of the ways we’re delivering on that,” Minister Andrews said.

“[We are] positioning Australia’s manufacturing industry at the cutting edge of innovation and this fund will help bring together the best of research and manufacturing capability to generate commercial outcomes.

“We know that by making our manufacturers more competitive and helping them to take on the world, we will create jobs for Australians – both for the COVID-19 recovery and for generations to come.”

Consistent with all programs under the Modern Manufacturing Strategy, this fund will support projects within the government’s six National Manufacturing Priorities.

These priorities are: Medical Products, Food and Beverage, Resources Technology and Critical Minerals Processing, Recycling and Clean Energy, Defence, and Space.

Commercialisation Fund grants will be between $100,000 and $1 million and must be matched by industry. These smaller-sized grants will complement the larger projects that will be supported through the $1.3 billion Modern Manufacturing Initiative.

Projects must include collaboration with a research partner and a minimum of one industry partner.

The fund will run over an 18-month period. The first round of funding, which is now open, will provide $20 million whilst a subsequent round will deliver the remaining $10 million.

The fund will be managed and administered by the Advanced Manufacturing Growth Centre (AMGC), in collaboration with the five other Industry Growth Centres AustCyber, Food Innovation Australia Ltd (FIAL), MTPConnect, METS Ignited and National Energy Resources Australia (NERA), and the CSIRO.

Stay up to date by getting stories like this delivered to your mailbox.
Sign up to receive our free weekly Spatial Source newsletter.

You may also like to read:


, , , ,


Newsletter

Sign up now to stay up to date about all the news from Spatial Source. You will get a newsletter every week with the latest news.

  • This field is for validation purposes and should be left unchanged.
Artificial Intelligence translating geospatial data into knowledge
Aerometrex is using supervised machine learning algorithms t...
Aerometrex reports recurring revenue growth
Aerometrex Limited has announced its results for the half ye...
Q&A with Nearmap’s Rob Newman
Nearmap’s CEO gives us a preview of next week's Locate con...
Boeing Australia flies new RAAF UAV
Boeing and the RAAF have successfully completed the first te...
Monitoring Australia’s biggest transport project
‘Tested, tried and proven’ Leica instruments and softwar...