Five companies have been awarded a combined $1.1 million in assistance through Defence Global Competitiveness grants.
The grants were awarded to Electro Cad Australia, Buzzworks, Orbital Corporation, Advanced Navigation and Visit Industrial (see list below.)
“These five small businesses are targeting export opportunities as direct exporters or through the global supply chains, demonstrating the dynamic nature of our defence industry,” said defence industry minister Melissa Price in a statement on Monday.
Defence Global Competitiveness grants fund up to 80 per cent of costs for projects up to 18 months in length aimed at increasing the ability of SMEs to export.
Price also announced the release of the Australian Defence Export Office App, including a pocket version of the Australian Defence Sales Catalogue.
Picture: Orbital UAV
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|Company||Grant Amount (excl. GST)||Grant Funding Purpose||State|
|Buzzworks Pty Ltd||$239,600.
|Purchase equipment to assist the organisation to grow sales into the local supply chain for rapid design and prototyping of human augmentation systems for combat soldiers and for soldier rehabilitation.||QLD|
|Electro Cad Australia Pty Ltd||$240,000||Purchase equipment to manufacture complex defence components in order to grow sales in the global supply chain.||SA|
|Orbital Corporation Pty Ltd||$240,000||Purchase equipment to assist the organisation to grow sales into the local supply chain for the manufacture and assembly of high precision components for the export market.||WA|
|Advanced Navigation Pty Ltd||$240,000||Purchase equipment for the manufacture of fibre optic coil components, for autonomous and unmanned surface and aerial vehicle and vessel export opportunities||NSW|
|Visit Industrial Pty Ltd||$197,993||Purchase specialised machinery for the competitive manufacture of components for export use.||VIC|