Innovation Challenges

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Manufacturing Modernisation Fund (closed)

Australian Government
This challenge has closed.
Tags: Manufacturing, Transformation, Modernisation, Technologies, SMEs
Audience: Businesses
Anticipated Funding: Up to $1,000,000
Applications close: October 31, 2019
Last Updated: October 31, 2019 10:54 PM
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The Challenge

The $50 million Manufacturing Modernisation Fund supports manufacturers to modernise, adopt new technologies, become more productive and create more jobs by co-funding capital investments and associated reskilling.

Modernisation can include technology upgrades, efficiency upgrades, such as energy or process optimisation, or more transformative changes to your business, which will allow you to produce new products or diversify into new markets.

The program aims to:

  • support investment in efficient and transformative manufacturing processes by small and medium sized enterprises (SMEs)
  • support jobs growth and a more highly skilled workforce in the manufacturing sector

The program will run over 3 years and will be delivered through two streams of funding:

  • an estimated $20 million for matched grants of between $50,000 to $100,000 for small scale technology and efficiency investments
  • an estimated $30 million for larger grants between $100,000 to $1 million, on a three to one funding basis, to support transformative investments in technologies and processes

The maximum grant period is 2 years.

Eligibility Criteria

To be eligible you must:

  • be an entity incorporated in Australia
  • engage in trading activities that:
    • form a sufficiently significant proportion of its overall activities; or
    • are a substantial and not merely peripheral activity of the corporation

You must also:

  • be a manufacturing small and medium-sized enterprises (SMEs) with up to 199 employees (headcount)
  • clearly identify the level of job creation expected
  • provide evidence from your board that the project is supported and you can complete the project and meet the costs of the project not covered by grant funding

For more information on eligibility please refer to the grant opportunity guidelines.

Terms and Conditions

For complete details on the terms and conditions that govern the Manufacturing Modernisation Fund please refer to the website.

How to Apply

To submit an application to the Manufacturing Modernisation Fund please refer to the website.

Want to know more or not sure where to start?
Click on the page most relevant to you or learn more about how you can get involved:

Partners

The Department of Industry, Innovation and Science
The Conversation Media Group
IP Australia
Clarivate Analytics
The Australian Research Council
ACT Government
Australian Access Federation
Australian National University
https://aprintern.org.au/
https://ardc.edu.au/
BHERT
CBR Innovation Network
Coalfacer
https://www.nera.org.au/
http://www.oninnovation.com.au/
ORCID
University of Canberra
University of Technology Sydney
thinkable
Western Sydney University
https://womeninscienceaust.org/