The $1.3 billion Modern Manufacturing Initiative (MMI) is now open to food and beverage projects. Companies involved in food and beverage manufacturing can now apply to receive grant funding of between $1 million and $20 million under the fund’s translation and integration streams.
Road Map Released
An industry led 10-year road map for the food and beverage sector has just been released, setting a goal to double the value of Australia’s Food and Beverage manufacturing by 2030. The roadmap highlights that this will be achieved by focusing on smart food and beverage manufacturing; innovative foods and beverages; and food safety, origin and traceability systems.
The road map includes a two-year goal to increase the use of smart manufacturing, and onshore commercialisation and manufacturing.
Within five years, Australian manufacturers will be working together and using smart manufacturing to respond to emerging opportunities, consumer trends and market demands, under the plan.
By 2031, Australia’s food and beverage manufacturing value will have doubled under the plan, “cementing Australia’s reputation as ‘world-best’ supplier and manufacturer of premium, safe and authentic food”.
Key Date
Food and Beverage applications under the Modern Manufacturing Initiative (MMI) are open until April 27 AEDT.
Speak to the team at Saving Point now to see how we can assist.
Interested in other manufacturing grants in other industries? Click here.
