Businesses seeking to undertake automotive product development will be able to apply for federal government support, following the opening of a new grant program.
Under the $7 million Automotive Innovation Lab Access Grants program, businesses can receive up to $200,000 in matched funding for eligible project costs for new automotive products.
Eligible project costs can include design, prototype and testing activities at established commercial and research facilities and Automotive Innovation Labs.
The federal government will also provide a $3 million grant over the next two years to the Australian Automotive Aftermarket Association, the national industry association representing the automotive industry, to build an Automotive Innovation Lab facility in South Australia and enhance an approved facility in Victoria.
Federal industry, science and technology minister, Karen Andrews, said that program will help businesses improve the time to market for new automotive products, enhance product offerings for local and global markets and expand high-value automotive manufacturing operations in Australia.
“Automotive Innovation Labs are world-class automotive testing facilities that allow businesses to integrate new automotive products with the latest vehicle models and technologies,” Andrews said.
“This will boost industry capability to manufacture products that comply with both local and international standards.”
The $10 million in funding is part of the $100 million Advanced Manufacturing Fund, which was announced in the 2017-18 federal Budget, and follows on from the recent launch of the $5 million Automotive Engineering Graduate Program, which funds cutting-edge graduate research engineering research projects.