Earlier this month, the federal government announced a series of Modern Manufacturing Initiative (MMI) grants for major recycling and clean energy projects. The government is inviting applications under its Recycling and Clean Energy stream, offering grants on average of $4 million, ranging from $1 million to $20 million. The $1.3 billion in funding will assist manufacturers to scale up, commercialise and collaborate.
The MMI grant stream is now open and made up of two separate funding opportunities;
>Manufacturing translation component: will assist manufacturers in expressing their ideas into commercial outcomes and encourage investment in non R&D innovation.
>Manufacturing integration component: will assist in commercializing innovative concepts, integrating into local and domestic supply chains.
The government has outlined examples of the grants, addressing the funding suitability to include activities which aim to enable greater use of recycled materials across supply chains, and/or that promote increased use of clean energy within their industrial systems.
Applications for these grants close on the 5th of May and businesses must provide co – funding.