New Funding Opportunity For Medical Products Manufacturing
11 March 2021
The Minister for Industry, Science and Technology, Hon Karen Andrews MP has today launched a new $30 million Commercialisation Fund to foster projects that bring industry and researchers together to commercialise new manufacturing products and processes.
Under the Modern Manufacturing Strategy, the new Fund will support projects within the Australian Government’s six National Manufacturing Priorities - including Medical Products.
Grants of between $100,000 and $1 million are on offer, to be matched by industry, to assist with commercialising new products and processes that finish between Technology Readiness Level (TRL) 6 to 9.
The Fund will run over an 18-month period. The first round of funding, which opens today, will provide $20 million while a subsequent round will deliver the remaining $10 million.
The Fund is intended to invest in later stage commercialisation, not early-stage research-based programs. However, project applicants are strongly encouraged to include collaboration with research partners and other Australian manufacturers.
MTPConnect, along with other Industry Growth Centres and the CSIRO, is supporting the Fund which is managed and administered by the Advanced Manufacturing Growth Centre (AMGC).
For more information and to apply for a grant go to the AMGC website.
For project enquiries, please contact firstname.lastname@example.org.