Up to $250,000 is available to assist manufacturers to purchase new technologies that will improve productivity.
Investing in Manufacturing Technology grants of up to $250,000 are available on a competitive basis to assist manufacturers to purchase and integrate new technologies that will:
Investing in Manufacturing Technology is an initiative under the Victorian Government’s manufacturing strategy, A More Competitive Manufacturing Industry: New Directions for Industry Policy and Manufacturing.
Investments in new technologies provide a critical foundation for enhancing productivity and building a competitive edge. These investments can transform manufacturing businesses – from changing the way they design and produce products to how they acquire and use information, knowledge and resources.
The IMT program provides grants of up to $250,000, allocated on a competitive basis. All grants require a minimum co-contribution from the business of 75% of total eligible project expenditure (i.e. $3 for every $1 granted).
The average grant size of previous recipients is around $180,000. DBI advises that the chance of success of securing grant is around 30% to 40%.
Writing a good quality grant application is a critical element in the application process. An application needs to be well thought through, written concisely, have clear objectives and purpose, and show clear links to the objectives of the grant guidelines.
The grant application must answer all questions, provide all required information and respond to the merit criteria. It should also reflect your organisation’s business strategy.
Writing a good application takes time and effort, and requires particular writing skills.
Bulletpoint are expert grant consultants and can assist with all aspects of grant preparation. We are an independent grants consultancy and not affiliated, associated, endorsed by any government agency.
Bulletpoint have a 100% success rate with assisting clients secure the IMT grant. We know what it takes to secure this grant.
Call us on (03) 9005 6789 or email to discuss further.
Three rounds have been undertaken so far with the last round closing on 12 April 2013. Bulletpoint expects that there will be two more rounds occuring in 2013.
Department of State Development, Business and Innovation
Business Victoria Help Line
Tel: 13 22 15
The Victorian Coalition Government has awarded Jeff Sykes & Associates Pty Ltd of Geelong, a new technology grant of $208,700 for specialised equipment to boost productivity and competitiveness.
Minister for Manufacturing David Hodgett today congratulated Australia’s largest manufacturer of racing rowing boats that have been behind most of Australia’s Olympic and World Championship medals.
“Jeff Sykes & Associates will use the grant from the Coalition Government’s Investing in Manufacturing Technology (IMT) program to purchase advanced CNC milling and pasting technology,” Mr Hodgett said.
“This will allow the company to produce composite moulds, patterns and finished parts to advance existing Sykes products or enable diversification across multiple sectors within the composite materials industry – while also creating 12 new jobs.”
Mr Hodgett announced that Jeff Sykes & Associates is a recipient of the grant under round 2 of the IMT program, which is designed to stimulate investment in new technology.
“IMT is a key initiative of the Coalition Government’s Manufacturing Strategy. These grants are an excellent example of how new technology is helping to improve production processes, develop new skills, and take advantage of a range of innovative export opportunities,” Mr Hodgett said.
“Victoria is the hub of Australia’s manufacturing industry but to meet the challenge of the high Australian dollar and competitive international markets, manufacturers must look to increase investment in new technology to remain competitive.”
IMT grants require a minimum co-contribution from the business of 75 per cent of total eligible project expenditure (i.e. $3 for every $1 granted). Another round of grants will open later in 2013. For more information please visit www.business.vic.gov.au/imt.
The total recipients of Round 1 of the IMT program are provided below.
|Air Radiators||$122,000||Purchase an automatic high technology CNC hydraulic brake press to improve competitiveness in the global mining equipment market.||
|AMR HewittsPrintpackaging||$135,000||Purchase a new forme cutting machine to reduce costs and turnaround times and enable shorter production runs.||
|AndrewEngineering||$143,000||Purchase a machining centre to enable expansion of service, spares and overhaul business into South East Asia.||
|BranachManufacturing||$165,000||Purchase a range of advanced manufacturing technologies to automate ladder fabrication, improve the production process and lower costs.||
|FibremakersAustralia||$213,000||Purchase technology to recover polymer waste for reuse in the manufacturing process to reduce production costs and imported materials.||
|Foodmach||$181,000||Purchase a CNC turning centre and a laser cutting machine to reduce lead times, enhance precision and increase flexibility.||
|GlassCo Australia||$250,000||Purchase a new production line and CNC Machining Centre to produce multi glazed products for commercial, domestic and industrial applications.||
|HolmwoodHighgate||$114,000||Purchase metal fabrication and manufacturing equipment for road tanker construction toimprove efficiency, production speed, quality and reliability.||
|Intervet Australia||$53,000||Purchase equipment to refine the vaccine manufacturing process and facilitate introduction of a new product with the potential for export to Asian markets.||
|Longwarry FoodPark||$250,000||Purchase equipment to produce sweetened condensed milk, to increase production flexibility and bring a new capability to Victoria.||
|Melbourne DeskCompany||$250,000||Purchase a range of new technologies and redesign the facility to reduce materials and manual handling to improve throughput and capacity.||
|MiniFAB||$77,000||Purchase automated technology to enhance its capability to manufacture microfluidic products.||
A similar program to the Investing in Manufacturing Technology Program, was the Competitive Business Fund (now closed). Some of the recipients of this program are detailed below:
|Anca||$100,000||Design and develop state of the art computer numerical controlled (CNC) machinery.||Bayswater North|
|Ascent Pharmahealth||$250,000||Construct a pharmaceutical packaging facility to service Australian and international manufacturers.||Dandenong|
|Billman’s Foundry||$25,000||Upgrade the foundry’s power supply to increase production capacity.||Castlemaine|
|Bridgewater Compost||$250,000||Expand the compost production facility to increase capacity.||Bendigo|
|Bright Brewery||$150,000||Significantly expand its facilities providing a high-profile town centre attraction on the Great Alpine Road.||Bright|
|Clyne Foods||$150,000||Commercialise a vine fruit dehydration process.||Warracknabeal|
|Corvina Quality Foods||$180,000||Purchase equipment to automate production, reduce costs and to increase output.||Cheltenham|
|Diver Consolidated Industries||$250,000||Design, develop, produce and commission aluminium parts for GM Holden.||Reservoir|
|Formero||$100,000||Purchase next generation moulding technology for the rapid development of prototypes and production parts.||Hawthorn|
|Hilton Manufacturing||$50,000||Design, develop, manufacture and assemble a series of products used by Jayco for the caravan and camper trailer market.||Dandenong South|
|HJ Langdon||$80,000||Purchase equipment for quality control of herbs in the food production industry.||Derrimut|
|Longwarry Food Park||$250,000||Manufacture smaller packs of flavoured milk and other specialised products for local and overseas consumption.||Longwarry|
|Omniblend||$180,000||Install a new canning line to produce dietary and nutritional products for export to China and other Asian markets.||Campbellfield|
|Specialty Coatings||$250,000||Install a new manufacturing line to allow the company to double production and substantially increase local employment.||Moorabbin|
|Starmaid||$250,000||Install new injection moulders and other equipment to develop and produce innovative food preparation and storage products.||Dandenong|
|Trakblaze||$160,000||Establish a new facility to produce weighing equipment for the automotive, rail and mining industries to replace imported products.||Tottenham|
|Volgren||$250,000||Invest in a new project to boost jobs and expand exports.||Dandenong|