Commercialisation of Australian innovation has been given a boost with the first round of successful co-funded grants awarded to six Australian manufacturers.
Administered by the Federal Government’s Advanced Manufacturing Growth Centre (AMGC) in consultation with all Industry Growth Centres and CSIRO, the first tranche of funding has been awarded in just three months after the launch of the program.
Addressing all six national manufacturing priorities, the successful recipients include:
- Alcholizer – Medical Products – Design and validation of a portable, saliva-based, rapid COVID-19 antigen test for asymptomatic cases
- Loupe Geophysics – Resources and Critical Minerals Processing – Pre-production manufacturing, design, and validation of a portable electromagnetic system for shallow conductivity profiling to locate material deposits
- Glyde It – Medical Products – Design and manufacture of a revolutionary biodegradable orifice delivery system for female hygiene products
- Omni Tanker – Clean Energy, Space and Defence – Commercialisation of carbon-composite tanks for hydrogen transport and storage
- Harvest B – Food and Beverage – Manufacture and commercialisation of plant-based protein ingredients
- Zero Co – Recycling and Clean Energy – Turning single-use plastic into forever-use via recycling, refilling, and reusing via a world-first machine to clean and sterilise plastic pouches.
The six co-funded projects combine government and industry funds to represent a total investment of $8.5 million – $3.73 million of which is derived from the $30 million AMGC Commercialisation Fund.
Managing Director for AMGC, Dr Jens Goennemann said, “These are not grants for grants sake. AMGC has fine-tuned the impact of its grant program over the past 5-years. We know what works and we know how to derive value for the manufacturer, the industry, and the taxpayer.”
“In the wake of COVID-19, it is critical that we move quickly to build upon the industry’s positive momentum.
“These first six co-funded projects combine industry money with Federal funding to generate higher-paying, more resilient jobs onshore, this mean supplying our high-quality products and services locally and abroad,” said Dr Goennemann.
Outside of the new Commercialisation Fund, AMGC currently has over 80 co-funded industry projects under management and returns an average of $6 to every $1 invested with 2,300 jobs and $1.2 billion in revenue expected from a funding pool of $19.6 million in Federal funding.