Federal grants of up to $1 million each and worth $7.16 million in total have been announced, supporting 15 manufacturing businesses through the Advanced Manufacturing Growth Centre’s Commercialisation Fund.
The second and third tranches of Commercialisation Fund grants follow the first tranche announced last month.
The $7.16 million worth of grants made public on Tuesday are matched by an industry contribution of $17.95 million. All projects are led by companies from the six National Manufacturing Priority sectors.
Projects range from manufacturing of lithium ion battery cells to brain injury diagnosis devices to x-ray machines. (A full list is reproduced below)
“Australia’s manufacturing industry is ready to get to work. Manufacturers and their financial commitment to these AMGC projects are demonstrating their enthusiasm and willingness to do their bit to grow the Australian workforce and economy,” said AMGC managing director Dr Jens Goennemann in a statement.
“These projects also demonstrate the multiplier effect of manufacturing, not just in terms of industry committing significant funds, but also in the fact that for every direct manufacturing role 3.6 complimentary jobs are created elsewhere in the economy.”
Picture: Additive Assurance’s quality assurance system (supplied)
Subscribe to our free @AuManufacturing newsletter here.
Commercialisation Fund tranche two and three grant winners: