Applications for the Modern Manufacturing Initiative have begun to open with application dates varying for each National Manufacturing Priority.
Overview
- The Government is committing $1.3 billion to the Manufacturing Modernisation Initiative (MMI) to help manufacturers scale and compete internationally.
- The grants will be delivered through an open, competitive, merit-based program.
- The minimum grant amount is $1 million. The maximum grant amount is $20 million.
- The grant amount will be up to 50 per cent of eligible project expenditure.
Three targeted streams
The MMI will provide co-funding for large manufacturing projects that have broad benefits beyond individual businesses and support the National Manufacturing Priorities through three targeted streams:
- The Manufacturing Collaboration Stream will provide funding for very large projects that support business-to-business and business-to-research collaboration, to build economies of scale.
- The Manufacturing Translation Stream will help manufacturers translate good ideas into commercial outcomes and invest in non-R&D innovation.
- The Manufacturing Integration Stream will help manufacturers integrate into local and international supply chains and markets.
Eligible Projects
Projects must align with the National Manufacturing Priorities. Eligible applicants will be confined to trading corporations.
The National Manufacturing Priorities are:
- Space – Currently open for applications. Applications closed 22 March 2021
- Medical Products – Currently open for applications. Applications close 29 March 2021 5PM AEDT
- Resources Technology and Critical Minerals Processing – Currently open for applications. Applications close 1 April 2021 5PM AEDT
- Food and Beverage – Applications will open for this sector in the coming weeks.
- Recycling and Clean Energy – Applications will open for this sector in the coming weeks.
- Defence – Applications will open for this sector in the coming weeks.
Get in touch with the Saving Point Grants team if you are interested in learning more about the program, and how we can assist.
