As part of the Modern Manufacturing Initiative (MMI), the federal government will supply $280 million in matched funding through Round Two of the Integration and Translation streams, with applications opening on 13 December.
The applications will be open to businesses within the six National Manufacturing Priority Areas including Space, Medical Products, Resources Technology and Critical Minerals Processing, Food and Beverage, Recycling and Clean Energy, and Defence.
The matched funding will help manufacturers break into new markets and translate great ideas into commercial outcomes, according to minister for Industry, Energy and Emissions Reduction Angus Taylor.
“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,” Taylor said.
“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.”
The Modern Manufacturing Initiative is already investing in projects that will support businesses to scale-up, introduce new products to the market, strengthen supply chains and create more local jobs.
“This matched funding will help businesses turn innovative research and ideas into reality, as well as unlocking new opportunities and investment both here at home and for overseas export,” Taylor said.
The MMI is the centrepiece of the federal government’s $1.5 billion Modern Manufacturing Strategy, designed to position Australia as a globally recognised, high-quality and sustainable manufacturing nation.
For more information and to read the guidelines, visit business.gov.au/mmi.
Applications will open in two tranches, starting on 13 December 2021.