Space industry: up to $20 million Government Grants
Round 2 of the Australian Government’s Modern Manufacturing Initiative is offering grant funding from $1 million to $20 million for Australian manufacturers in the Space sector, under two different funding streams.
Applications for funding focussed on space products, which includes a range of eligible activities that support commercialisation of products, processes or services including rapid prototyping, acquiring technology and/or Intellectual Property, purchase and installation of machinery and equipment, workforce training and accreditation, business development and marketing.
The Manufacturing Integration Stream offers grants on a 50% co-contribution basis to support projects that integrate Australian businesses and their products and services into domestic and international value chains. The program aims to support Australian businesses to increase scale, supply capacity and the ability to innovate, including the adoption of new technologies to support entry into new markets with innovative solutions.
The Manufacturing Translation Stream also offers grants up to $20 million on a 50% co-contribution basis, to support projects that translate high quality research into commercial outcomes and support business to scale up and be more competitive and resilient. Funding will support successful applicants to adopt new technologies and improve their manufacturing processes to boost productivity and competitiveness.
Eligibility criteria include:
Must have an ABN, be non-tax-exempt and be registered for GST
Must be an Australian incorporated entity including start-ups, and trading corporation where your trading activities form the majority of your overall activities
Must be able to demonstrate the project aligns with the Space National Manufacturing Priority
Must have a minimum of $2 million in total eligible project expenditure
Must be able to provide evidence that the project is support by your Board or CEO
Must be able to provide evidence that you can meet the co-contribution and other costs not covered by the grant funding
Applications close at 5pm (AEDT) on 14 January 2022