The guidelines for the collaboration stream of the federal government’s flagship Modern Manufacturing Initiative have been released, with grants of between $20 million and $200 million for transformative projects to be accepted from next month.
$800 million in grants will be available under the stream which emphasises collaboration between Australian manufacturers and with universities and other public sector researchers in the government’s six priority sectors:
- Resources technology and critical minerals processing
- Food and beverage
- Medical products
- Recycling and clean energy
- and space
The federal government will fund up to a third of successful projects, and other government programs can be used for up to 65 per cent – leaving companies to contribute as little as 35 per cent of total investment.
Projects must be large scale – at least $60 million in eligible expenditure – and be completed by March 2024.
Grants will close on September 9, with the assessment and negotiation process expected to take up to 19 weeks.
The Australian Manufacturing Forum’s value-added service partners can help your business navigate these complex programs and secure government assistance.
For more information Contact editor Peter Roberts, [email protected] or 0419 140 679.
See the full range of Australian Manufacturing Forum value-added services here.