The $50 million Manufacturing Modernisation Fund provides co-funding for capital investments by manufacturers to scale-up, invest in new technologies and develop high-value products.
Name in original language
Manufacturing Modernisation Fund
Initiative overview
The Fund comprises $20 million for matched grants of between $50,000 and $100,000 for smaller scale technology investments, and $30 million for larger scale grants of up to $1 million, on a three-to-one funding basis with industry, for transformative investments in technologies and processes. In October 2020, the Australian Government is committing AUD 52.8 million to the Manufacturing Modernisation Fund (MMF) program. This second round builds on the popular and successful first round of the program. The MMF round two aims to address barriers to growth and innovation. MMF round two will co-fund capital investment technology upgrades that help transform businesses, and help create and maintain a highly skilled workforce through jobs growth and upskilling.The initiative has the following objective(s):Supporting investment in efficient and transformative manufacturing processes by SMEsSupporting jobs growth and a more highly skilled workforce in the manufacturing sector.
Name of responsible organisation (in English)
Department of Industry, Science, Energy and Resources (DISER)
