17 March 2021 | News
Funding Opportunity will assist commercialization of new products and processes that finish between Technology Readiness Level (TRL) 6 to 9
Photo Credit: Freepik
Australian Minister for Industry, Science and Technology, Hon Karen Andrews MP on March, 11, 2021 launched a new $30 million Commercialisation fund to foster projects that bring industry and researchers together to commercialize new manufacturing products and processes.
Grants of between $100,000 and $1 million are on offer, to be matched by industry, to assist with commercializing 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 opened on March 11th, will provide $20 million while a subsequent round will deliver the remaining $10 million.
The Fund is intended to invest in later-stage commercialization, 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).