There are six key areas of manufacturing that are being targeted in the latest round of funding including space, medical products, resources technology and critical minerals processing, food and beverage, recycling and clean energy, and defence.
There is around $280 million in funds being offered in round 2 of the MMI that the Minister for Industry, Energy and Emissions Reduction, Angus Taylor, said will help manufacturers break into new markets and translate great ideas into commercial outcomes.
“Our manufacturing sector is going from strength to strength, with more than a million Australians employed in manufacturing and strong confidence in the future of the sector,” Mr Taylor said.
“The Modern Manufacturing Initiative is already investing in projects that will support businesses to scale-up, introduce new products to market, strengthen our supply chains and create more local jobs.
“This matched funding will help businesses turn innovative research and ideas into reality, as well as unlocking new opportunities and investment both here at home and for overseas export.”
The MMI is the centrepiece of the government’s $1.5 billion Modern Manufacturing Strategy, designed to position Australia as a globally recognised, high-quality and sustainable manufacturing nation.
Applications will open in two tranches, starting 13 December 2021.
