Published 20-07-2021

Australian manufacturers are growing Australian jobs through commercialisation fund

20-07-2021

Australia’s manufacturing industry has demonstrated its commitment to growing local jobs and innovation by pledging more than double the Federal Government’s investment into new projects under the latest round of AMGC’s Commercialisation Fund.

Administered by the Federal Government’s Advanced Manufacturing Growth Centre (AMGC) in consultation with all Industry Growth Centres, and CSIRO, the second and third tranche of funding has been awarded to 15 Australian manufacturers.

Addressing many of the six National Manufacturing Priorities, some of the successful recipients include:

Nedstack Australia (NSW) – Clean Energy – Commercial prototype development of Australia’s first utility-scale PEM fuel cell leveraging Australian supply chain in collaboration with LAVO. Total project commitment $3.56million ($825,000 grant funds)

Seeley International (SA) – Clean Energy – Accelerated design and development of an Australian-based manufacturing line for an ultra-high efficiency roof top Heating Ventilation and Cooling Unit (HVAC). Total project commitment $2.64million ($1.0million grant funds)

Energy Renaissance (NSW) – Clean Energy – Support for process, technology and workforce skills at pilot manufacturing facility for lithium-ion batteries to prepare for full facility deployment. Total project commitment $1.48million ($525,072 grant funds)

ActionLaser (NSW) – Recycling – Funding to establish an Australian manufacturing capability of filters used in recycling of polymers, replacing current imported products. Total project commitment $1.3million ($558,500 grant funds)

Empower Energy (NSW) – Clean Energy – Deliver Australia’s first cost-effective solar-storage product designed for Australian climate, remoteness, bushfire risk, and coastal living conditions. Total project commitment $1.24million ($487,500 grant funds)

Micro-X (SA) – Medical – Development of ultralight mobile x-ray trolley system for use in outdoor clinical or veterinary settings. Total project commitment $1.17million ($525,072 grant funds)

Additive Assurance (VIC) – Defence – Commercialisation of a new quality assurance system for powder bed fusion additive manufacturing. Total project commitment $1.1million ($546,000 grant funds)

The 15 co-funded projects represent a total investment of $25.1 million, with 70 percent of total funds ($17.95 million) contributed by the manufacturing industry and the remainder ($7.16 million) derived from the $30 million AMGC Commercialisation Fund.

Managing Director for AMGC, Dr Jens Goennemann said: “Australia’s manufacturing industry is ready to get to work. Manufacturers and their financial commitment to these AMGC projects are demonstrating their enthusiasm and willingness to do their bit to grow the Australian workforce and economy.”

“All 15 co-funded manufacturing projects are expected to generate higher-paying, more resilient jobs onshore, while providing significant export opportunities of high-quality Australian products abroad

“These projects also demonstrate the multiplier effect of manufacturing, not just in terms of industry committing significant funds, but also in the fact that for every direct manufacturing role 3.6 complimentary jobs are created elsewhere in the economy,” Dr Goennemann said.

In addition to the 21 successful Commercialisation Fund projects to-date, AMGC has over 80 co-funded industry projects under management and returns an average of $6 to every $1 invested with over 2,300 direct jobs and $1.2 billion in revenue expected from a funding pool of $19.6 million in Federal funding.

 

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