Funding is now available for a grant for Space businesses who are developing new products and manufacturing processes, with the opening of Round 2 of the MMI Manufacturing Integration Stream Space.
The grant opportunity supports projects that integrate Australian businesses into domestic and international value chains with the aim of propelling their goods and services into new markets. The opportunity provides co-funding to encourage linkages between local businesses and domestic and international firms. It will also facilitate the adoption of product standards and greater knowledge sharing.
On the table for applicants are grants of between $1 million to $20 million, which is up to 50% of the eligible project expenditure.
The Manufacturing Integration Stream aims to support:
- projects that integrate Australian businesses into domestic and international value chains
- businesses to scale-up to become more competitive and resilient
- businesses to adopt product standards and greater sharing and transfer of knowledge
You can apply if you:
- are an eligible entity
- have an eligible project
- have eligible expenditure
1. ELIGIBLE ENTITIES
To be eligible you must:
- have an Australian business number (ABN)
- be non-tax-exempt
- be registered for the goods and services tax (GST)
You must also be an entity incorporated in Australia, including start-ups and a trading corporation. Your trading activities must:
- form a sufficiently significant proportion of the corporation’s overall activities as to merit it being described as a trading corporation; or
- are a substantial and not merely peripheral activity of the corporation
2. ELIGIBLE PROJECTS
Your project must:
- align with one of the National Manufacturing Priorities
- have a minimum of $2 million in eligible project expenditure
Your application must show:
- evidence that your project is supported by your board (or Chief Executive Officer or equivalent if there is no board)
- that you can meet the costs of the project not covered by the grant funding
3. ELIGIBLE EXPENDITURE
You can apply for a grant between $1 million and $20 million. Your grant funding must not exceed 50% of your total eligible project expenditure. Approved activities determine your eligible project expenditure.
You can use this grant funding to:
- invest in strategic projects that will increase participation in new and existing local and global value chains, embrace technology, innovation and automation
- grow production and manufacturing activities
- bring commercial outcomes to new and existing markets, value chains and customers.
- We may also approve other related activities.
- Your project can include activities at different locations
For more information and downloads of grant opportunity guidelines, a sample application form, a sample grant agreement, accountant declaration, CEO or Board letter templates go here.
Grant application opening date is 13 Dec 2021 at 10:00am AEDT, with submissions closing by 14 Jan 2022 at 05:00pm AEDT.
