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Federal Government launches $30m Commercialisation Fund

Complementing the Modern Manufacturing Initiative (MMI)’s Round 1 funding, the AMGC Commercialisation Fund, announced on 10 March, is aimed at smaller manufacturing projects of limited duration.

Projects must include collaboration with a research partner and at least one industry partner.

The Commercialisation Fund “will help bring together the best of research and manufacturing capability to generate commercial outcomes”, said the federal Minister for Industry, Science and Technology, the Hon Karen Andrews MP, in an official announcement on 10 March.

Fund grants will be managed by the Australian Manufacturing Growth Centre (AMGC) with input from the other federally-funded Growth Centres, including the government’s Food and Agribusiness Growth Centre Food Innovation Australia Ltd (FIAL), and from CSIRO.

AMGC Managing Director Dr Jens Goennemann said the Commercialisation Fund had been established with the express intention of commercialising and transitioning new manufacturing products and processes.

“This funding supports AMGC’s vision to transform Australian manufacturing to be internationally competitive, dynamic and thriving, with advanced capabilities and skills at its core – in short, we want to help Australia move from being a lucky country to a smart one,” Dr Goennemann said.

The Commercialisation Fund will run over an 18-month period. The first round of funding will provide $20 million; a subsequent round will deliver the remaining $10 million.

More information and applications

For further information and/or to apply for a grant, visit the projects section of the AMGC website.

If your project has to do with food or beverage manufacturing, you can seek support from Food Innovation Australia Ltd. Contact FIAL on +61 3 9731 3422 or via email at info@fial.com.au.

Sources

$30m grants program to support local manufacturing I Australian Manufacturing Growth Centre (AMGC)

$30 million in grants to be available for manufacturing commercialisation projects I Aus Manufacturing