Up to $500,000 is available from the Future Industries Manufacturing Program for businesses implementing new manufacturing technologies and processes that generate new jobs and growth.

Future Industries Manufacturing Program

 

Future Industries Manufacturing Program

The Future Industries Manufacturing Program is an initiative under the Future Industries Fund, as part of the Victorian Government’s Back to Work Plan to create 100,000 jobs and get Victoria back to work.

 

Background

The $200 million Future Industries Fund supports high growth industry sectors that are critical to securing Victoria’s future as a competitive, innovative and outward looking economy.

The Future Industries Fund identifies six sectors which have strong growth potential, including:

  • Medical technologies and pharmaceuticals
  • New energy technology
  • Food and fibre
  • Transport, defence and construction technologies
  • International education and
  • Professional services.

 

Objectives

The Future Industries Manufacturing Program assists Victorian based companies that are intending to implement new manufacturing technologies and that will provide a critical foundation for:

  • Generating sustainable new local jobs, including high-value jobs
  • Improving productivity and international competitiveness and
  • Targeting growth opportunities.

 

Funding

The Future Industries Fund Manufacturing Program provides grants of up to 25 per cent of eligible project expenditure, with a maximum grant of $500,000. Applicants will need to demonstrate how the project outcomes justify the grant investment.

Projects with total eligible expenditure of less than $100,000 will not be considered for this program.

 

Eligible Projects

Future Industries Fund Manufacturing Program applications are sought from Victorian companies investing in their manufacturing operations that meet the program objectives. Companies in the future industry growth sectors can also apply.

The Future Industries Fund Manufacturing Program supports projects that will deliver on the program objectives by undertaking activities such as:

  • The purchase and implementation of capital equipment (recorded as fixed assets in the applicant’s accounts)
  • Manufacturing product and process improvements
  • Prototyping, evaluation and testing of new manufacturing products and processes
  • Supply chain capability development.

Any other activities will be considered on a case-by-case basis.

Future Industries Fund Manufacturing Program applicants are required to demonstrate the need for government funding, including the likelihood of the project proceeding if the application is unsuccessful.

Joint applications are acceptable, provided they have a lead applicant who is both the primary project proponent and an eligible applicant.

 

Eligible Activities

Applicants must meet the co-contribution requirement with expenditure on eligible project activities. In-kind contributions are excluded (i.e. non-monetary resources).

Eligible Future Industries Fund Manufacturing Program project expenditure includes the following activities relating to the proposed project:

  • Capital expenditure and other project-related non-capitalised expenditure (but does not include vehicles, internal costs or salaries)
  • Manufacturing product and process improvements (including significant improvements in technical specifications; components and materials; software in the project; user friendliness or other functional characteristics; and/or new or significantly improved production or delivery methods)
  • Prototyping, evaluation and testing of new products and manufacturing processes
  • Supply chain capability development
  • Tooling
  • Training specific to the technology (external costs only)
  • Labour and contractors (but does not include internal salaries)
  • Manufacturing machinery and equipment, (for example, repurposing state-of-the-art automotive manufacturing equipment), or
  • Minor building alterations and fit-out costs.

Eligible Future Industries Fund Manufacturing Program project expenditure must:

  • Be incurred by the grant recipient within 18 months of execution of the grant agreement;
  • Be a direct cost of the project; and
  • Be exclusive of the Goods and Services Tax (GST).

Applicants will be required to provide quotations and estimates in support of their applications. Funds from other Victorian or Commonwealth Government programs cannot form part of the co-contribution.

If applying jointly with other businesses for the Future Industries Fund Manufacturing Program, all businesses may contribute to project expenditure to meet the co-contribution requirement. However, one business (company) must be the lead applicant.

 

Eligible Applicants

Applicants must meet all the following criteria to be eligible for assistance under the Future Industries Manufacturing Program (FIMP):

  • Have an Australian Company Number (ACN)
  • Have an Australian Business Number (ABN)
  • Be a Victorian-based business that is investing in its Victorian manufacturing operations
  • Have the ability to meet the co-contribution requirement ($3 for every $1 granted)
  • Provide financial reports for the last three financial years to enable the Department of Economic Development, Jobs, Transport and Resources (the Department) to conduct a financial risk assessment (FRA).

FRAs are undertaken by the Department to establish the financial risk exposure of the applicant, and whether the applicant is likely to remain financially viable over the duration of the project.

 

Timing

Future Industries Fund Manufacturing Program applications are now open.

 

More Information

 

Future Industries Fund Manufacturing Program Recipients

  1. Albins Performance Transmissions
  2. Australian Botanical Products
  3. Bravo Print and Design
  4. CE Bartlett
  5. Charles Sandford Woodturning & Joinery
  6. Crusader Hose
  7. Denim 108
  8. Dollar Sweets Company
  9. dorsaVi
  10. EcoEnergy Ventures
  11. El Cielo Foods
  12. ENVIRO-SIP
  13. Gekko Systems
  14. Greensync
  15. Guala Closures
  16. Hydrix S
  17. IDT Australia
  18. KeepCup
  19. Kez’s Kitchen
  20. Lontos Fabrications
  21. Lovitt Technologies Australia
  22. Medical Developments International
  23. Megasorber
  24. MIL-Systems
  25. Modena Engineering Australia
  26. Natimuk Agricultural and Pastoral Society
  27. Nissan Casting Australia
  28. Norwood Industries
  29. Passion for Pasta
  30. Patico Automotive
  31. Pharmaceutical Packaging Professionals
  32. Planet Innovation
  33. Radio Frequency Systems
  34. RayGen Resources
  35. Rockbank
  36. RPM Pipes
  37. Selectronic Australia
  38. South East Councils Climate Change Alliance Incorporated
  39. Southern Cross Ceramics
  40. Sunbather
  41. Swisse
  42. The Product Makers
  43. Thirteenth Acol
  44. Tracksformation
  45. Waranga Green Energy
  46. Watson Engineering & Sales
  47. Wilson Transformers
  48. Zero Discharge

 

Media Release

Australia’s most iconic guitar manufacturer is set to create jobs and boost its business thanks to a $100,000 grant from the the state of Victoria’s Labor Government Future Industries Manufacturing Program.

The Government’s support will help expand the company’s timber machining capability and significantly improve production and the tone consistency of its high-quality instruments.

Maton hopes to increase annual production to 10,000 guitars in the next three to five years – with 50 per cent earmarked for export. Maton currently exports 35 per cent of its guitars to Asia, North America and Europe.

The company have manufactured guitars in Melbourne for over 70 years and the family-owned business will create 10 jobs thanks to the Labor Government’s support.

Played by renowned artists including Keith Urban, Vance Joy, Paul Kelly and Tommy Emmanuel, Maton guitars have also been used by Elvis Presley, George Harrison and Keith Richards in live concerts and recording sessions – including the opening riff for The Rolling Stones’ Gimme Shelter.

From a small backyard workshop started in 1946 Maton Guitars has grown into a truly great Australian success story. Currently Maton employs 60 people and remains 100 per cent family owned and operated.

Maton specialises in creating superbly crafted guitars from Australian timbers such as Blackwood, bunya, Queensland Maple, Queensland Walnut and now Satin Box.

2018-08-26T08:41:01+00:00August 27th, 2018|