METS Ignited is pleased to announce that applications are open for Resources Technology and Critical Minerals Processing projects under the Modern Manufacturing Initiative.
Funding between $1 million and $20 million will be made available across two streams supporting the commercialisation of Australian products and services and driving access into new markets.
Prime Minister Scott Morrison announced the Resources Technology and Critical Minerals funding and corresponding National Manufacturing Priority road map on Thursday 4 March.
Mr Morrison said, “Today’s funding will help unlock investment from industry to help build manufacturing capability and competitiveness in Australia’s resources sector while taking advantage of a significant global growth sector.
“This funding will back businesses to pursue those opportunities and turn innovative ideas into high-value products so we can build on Australia’s competitive advantage and secure greater investment and market share.”
METS Ignited CEO Adrian Beer says this announcement is acknowledgement of Australia’s world leading resources technology and critical minerals processing capabilities and will provide significant opportunities to commercialise and grow the sector.
“This provides Australian technology innovators the opportunity to access funding that will enable them to productise and commercialise their solutions. By harnessing the skills and capabilities that drives the strength of our global resources sector, and converting this capability into products and services for the benefit of our national economy.”
From energy saving technologies for the mining sector to minerals processing for electric vehicles to automated trucks and robotic equipment – there are many opportunities to grow Australia’s resources technology sector and generate more value from processing our critical minerals reserves.
“Our resources sector is recognised as world-class, with our local research capability unpinning our global leadership position. The Resource Technology and Critical Minerals Processing road map provides Australian technology innovators an enormous opportunity to commercialise their solutions within our own modern manufacturing strategy.”
Applications for Resources Technology and Critical Minerals Processing projects are open until 5pm AEDT on Thursday 1 April, 2021.
Join the Department of Industry, Science, Energy and Resources this coming Thursday 11 March from 1.30pm to 2.30pm AEDT for a Q&A information session on funding opportunities for resources technology and critical minerals processing manufacturing businesses. This public session is open to all potential application partners within the innovation ecosystem. Register now for the webinar or to access a recording of the session here.
Modern Manufacturing Initiative
The $1.3 billion Modern Manufacturing Initiative (MMI) sits under the Australian Government’s Modern Manufacturing Strategy announced in October 2020 and will transform Australian businesses, helping them to scale-up, translate ideas into commercial successes and integrate into local and international value chains.
Resources Technology and Critical Minerals Processing is one of the six National Manufacturing Priority areas identified under the Modern Manufacturing Initiative to help Australian businesses to scale-up, collaborate and commercialise.
Under the MMI businesses can now apply for grants to commercialise new products and processes or integrate into global supply chains in Resources Technology and Critical Minerals Processing under two streams Translation and Integration.