Sponsoring Agency: Australian Government
Type of Fund:
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 05/05/2021
Size of the Fund: More than $1 Million
The Manufacturing Translation Stream will support projects that aid the translation of high quality research and ideas into commercial outcomes and support businesses to scale-up and become more competitive and resilient. It will support businesses to adopt new technologies and improve their manufacturing processes to boost productivity and competitiveness.
Australian manufacturers are well positioned to use unique natural, industrial and competitive advantages. We can take advantage of this opportunity by combining:
• innovation
• abundant clean energy
• material resources
• onshore industrial base.
The objectives of the Manufacturing Translation Stream are to:
• support Australian manufacturing businesses and entrepreneurs to translate and commercialise good ideas into new and enhanced commercial outcomes including new high-quality products and services and solutions
• encourage manufacturers to adopt new technologies and develop new processes and innovative solutions to build scale and capability
• support Australian manufacturers to grow and build scale and overcome challenges facing their sector (as outlined in the relevant priority road map)
• create new jobs in the manufacturing sector
• support Australian manufacturers to pivot to high value-added activities
• attract investment, including venture capital investment to develop ideas and translate research into commercial solutions and outcomes
• increase manufacturing capability, expertise and specialisations, business acumen, knowledge diffusion and stimulate innovation in Australian manufacturing
• grow and support manufacturing networks and ecosystems and increase collaboration.
Funding Information
• The grant amount will be up to 50 per cent of eligible project expenditure (grant percentage).
• The minimum grant amount is $1 million.
• The maximum grant amount is $20 million.
• We expect the average grant size to be about $4 million.
• All projects must be completed by 31 March 2024.
Outcomes
The intended outcomes of the Manufacturing Translation Stream are to:
• increase number of businesses and manufacturers translating their research and ideas into commercial products, services and solutions
• increase investment including from venture capitalists in commercialisation and translation activities, focused in the National Manufacturing Priority areas
• establish and expand new and existing modern manufacturing businesses in the National Manufacturing Priority areas with sustainable business growth
• increase manufacturing exports and value of the manufacturing sector to the economy
• grow high value skills and jobs in the National Manufacturing Priority areas
• develop a global and international reputation as a country with a growing modern manufacturing sector and capability.
Eligibility Criteria
• To be eligible you must:
o have an Australian Business Number (ABN)
o be non-tax-exempt
o be registered for the Goods and Services Tax (GST)
• and be:
o an entity incorporated in Australia, including start-ups and a trading corporation, where your trading activities:
form a sufficiently significant proportion of the corporation’s overall activities as to merit it being described as a trading corporation; or
are a substantial and not merely peripheral activity of the corporation.
• Joint applications are acceptable, provided you have a lead organisation who is the main driver of the project and is eligible to apply.
For clarity, there is no minimum threshold for an entity’s annual turnover or operating expenditure.
More information at: https://www.business.gov.au/grants-and-programs/modern-manufacturing-initiative-manufacturing-translation#recycling-and-clean-energy
