What is the Modern Manufacturing Initiative?

The Modern Manufacturing Initiative provides funding for manufacturers to undertake scale-up, collaborative and commercialisation activities.

 

Objectives

The Modern Manufacturing Initiative will unlock private sector investment and support manufacturers to deliver on the world stage. The objectives of the program are to turbo-charge Australian manufacturing the Modern Manufacturing Strategy will focus on areas of comparative advantage and strategic importance. Full details of the Modern Manufacturing Initiative are yet to be announced, Bulletpoint has provided some insight into what we could reasonably expect from the program. Keep in mind that much of this is guestimates, so don’t hold us to it.

Guidelines, including detailed eligibility and merit criteria, will be available prior to funding rounds opening.

The vision is for Australia to be recognised as a high-quality and sustainable manufacturing nation that helps to deliver a strong, modern and resilient economy for all Australians.

 

What are the National Manufacturing Priorities?

Overview

The National Manufacturing Priorities are:

  1. Resources Technology & Critical Minerals Processing
  2. Food & Beverage
  3. Medical Products
  4. Recycling & Clean Energy
  5. Defence
  6. Space

 

Resources Technology & Critical Minerals Processing

We are a global resources leader stemming from our rich natural resource endowments, huge investments in R&D, proximity to the growing Asian market and a skilled workforce. We can leverage these strengths in combination with our vast critical minerals endowments to deliver critical enablers for a range of sectors. Opportunity to leverage growing demand for resource technologies — the type that keep Australia’s resources sector at the cutting-edge — such as designing and producing remote vehicles and subsea technologies and to move further up the critical minerals value chain.

 

Food & Beverage

Our success is underpinned by our international reputation for premium, safe and high-quality food and beverage products, strong production capabilities, research expertise and market proximity. Food & Beverage manufacturers can transform the nutritional value and shelf life of local produce, helping Australia to capitalise on growing global demand for premium food offerings.

 

Medical Products

We have strong medical research capability, a reputation for quality and standards and proximity to emerging markets in Asia with rapidly aging demographics and a growing middle class. We have strong medical research capability, a reputation for quality and standards and proximity to emerging markets in Asia with rapidly aging demographics and a growing middle class.

 

Recycling & Clean Energy

We have strong circular economy research capabilities, as well as world-class solar and wind resources and a well-established minerals industry and skills base. We also have a large land mass to build on and experience in delivering large energy projects. Manufacturers working in recycling and clean energy can open up export opportunities by capturing greater value from our IP, critical minerals deposits and mining and hydrogen resources. Remanufacturing can also address our waste problem and offers new opportunities with the increasing demand for sustainably-produced goods

 

Defence

Defence exports are growing, with a focus on increasing the international competitiveness and success of Australian defence industry. The sector provides advanced technology with cross-sectoral applications and delivers on our national security imperatives as outlined in the Defence Industrial Capability Plan. Manufacturers can enter some of the world’s most advanced global supply chains and underpin our national security.

 

Space

Space technologies enable activity across the economy. Our emerging global position is underpinned by research expertise, geographical location, cutting-edge facilities and advanced manufacturing capabilities. Businesses can benefit from the booming US$1 trillion future space industry and leverage opportunities in robotics, automation and communication in other industries.

 

Streams

The Modern Manufacturing Initiative will operate under 3 streams:

  1. Collaboration – provides funding for very large projects that support business-to-business and business-to-research collaboration, to build economies of scale.
  2. Translation – will help manufacturers translate good ideas into commercial outcomes. It will also encourage investment in non-R&D innovation.
  3. Integration – will help manufacturers integrate into local and international supply chains and markets.

 

Collaboration Stream

Overview

The Manufacturing Collaboration Stream provides funding for very large projects that support business-to-business and business-to-research collaboration, to build economies of scale.

Commonwealth funding will be provided on a co-investment basis and will be up to one third of eligible project costs.

This stream will have a two-stage application process to reflect the likely size and complexity of projects:

  • Stage 1 – will  invite expressions of interest through an open, competitive process.
  • Stage 2 – suitable applicants will then be asked to submit detailed proposals.

Commonwealth funding will be provided on a co-investment basis and will be up to one third of eligible project costs.

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