Manufacturers, research institutions, and a range of other organisations are being encouraged to work together on job-creating projects as part of the $800 million Collaboration stream of the Federal Government’s Modern Manufacturing Initiative.
Federal Member for Nicholls, Damian Drum, said interested parties have a month to apply for the Collaboration stream – applications open today and close September 9.
Mr Drum said the latest funding round would support business-to-business and business-to-research collaboration across any six of the National Manufacturing Priorities under the MMI – the centrepiece of the Federal Government’s $1.5 billion Modern Manufacturing Strategy.
These priorities are:
- Resources Technology and Critical Minerals Processing;
- Food and Beverage;
- Medical Products;
- Recycling and Clean Energy;
Mr Drum called on companies and research organisations to consider opportunities to collaborate on job-creating projects.
“We already have a strong collaborative spirit in Nicholls and this stream under the Modern Manufacturing Initiative is about seizing on that,” Mr Drum said.
“When organisations are brought together to draw on each other’s strengths, that’s when we realise enormous economic and jobs potential.”
Minister for Industry, Science and Technology, Christian Porter, said grants of between $20 million and $200 million were available on a co-investment basis for large-scale projects. Grants will cover up to a third of eligible project expenditure.
“Collaboration is crucial if we are to build scale in Australian manufacturing and create the jobs we need now in the COVID-19 recovery and for generations to come,” Mr Porter said.
“We want to support transformative collaborations that will spur private sector investment, encouraging our manufacturers to work together, and work with our world class research sector to innovate and become more competitive.
“The Collaboration stream is the largest under the Modern Manufacturing Initiative – it is designed to turbo-charge Australia’s manufacturing sector while opening up new export markets and creating new skilled jobs.”
The design of the Collaboration stream is a single-stage process – an approach that will get money into the hands of successful applicants sooner.
For more information and to apply, please visit business.gov.au/mmic or call 13 28 46.