Manufacturers in Longman with good ideas that are ready to be turned into world-beating realities can now apply for a slice of a new $30 million fund from the Morrison Government.
The Commercialisation Fund could help manufacturers carry out projects that bring industry and researchers together to commercialise new products and processes.
It provides matched funding of up to $1 million for projects that bring industry and researchers together to commercialise new products.
This fund is designed to help our small and medium sized manufacturers to access research know-how that can help them grow their businesses and become more competitive on both a domestic and global stage.
Consistent with all programs under the Modern Manufacturing Strategy, this fund will support projects within the Government’s six National Manufacturing Priorities.
These priorities are: Medical Products, Food and Beverage, Resources Technology and Critical Minerals Processing, Recycling and Clean Energy, Defence, and Space.
Commercialisation Fund grants will be between $100,000 and $1 million and must be matched by industry.
These smaller-sized grants will complement the larger projects that will be supported through the $1.3 billion Modern Manufacturing Initiative.
Projects must include collaboration with a research partner and a minimum of one industry partner.
The fund will run over an 18-month period. The first round of funding, which opens today, will provide $20 million while a subsequent round will deliver the remaining $10 million.
For more information and to apply for a grant go to https://www.amgc.org.au/projects/