The latest round of grants under the Advanced Manufacturing Growth Centre’s Commercialisation Fund has been announced, with 24 manufacturers sharing in $9.03 million in assistance to commercialise products including a super-fast Covid-19 test, quality hardwood from timber waste, and “smart shoes”.
Private investment was roughly four times the value of grants, according to a statement from AMGC, with manufacturers investing $32.4 million in projects. Each of the projects falls under the federal government’s six National Manufacturing Priorities: Recycling and Clean Energy, Medical Products, Food and Beverage, Resource Technology and Critical Mineral Processing, Space, and Defence.
Recipients (a full list is reproduced below) include:
“This latest tranche of co-investment demonstrates the broad capability of Australian manufacturing and its ability to drive jobs growth across the entire spectrum of manufacturing roles, known as the Smiley Curve – that is jobs in R&D, Design through to production, distribution, and highly-sought after sales and services positions,” said AMGC Managing Director Dr Jens Goennemann in a statement on Thursday.
Approximately $29 million of a $30 million funding pool had been allocated 10 months after the launch of the program. According to Goennemann this represented, “the appetite for co-capital investment and the manufacturing industry’s willingness to match or better Federal investment to commercialise Australian ideas for domestic and international markets.”
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RECYCLING AND CLEAN ENERGY
FOOD AND BEVERAGE
RESOURCE TECHNOLOGY AND CRITICAL MINERAL PROCESSING