- Round 2 of the $47.5 million Advanced Manufacturing Growth Fund (AMGF) opens today
Today the Acting Minister for Industry, Innovation and Science, the Senator Hon Michaelia Cash announced the opening of applications for round 2 of the $47.5 million Advanced Manufacturing Growth Fund. The program aims to support capital projects by small to medium enterprises (SMEs) to establish and expand advanced manufacturing activities in Victoria and South Australia.
AMGF supports the Australian Government’s commitment to transition the manufacturing sector to globally focussed, high skill, advanced manufacturing. This includes using:
- advanced technologies
- design and engineering excellence
- innovative business processes.
$16.4 million in grant funding has been allocated for round 2 of the program, with applications closing on 28 February 2018.
- Changes to the $23 million Incubator Support initiative announced yesterday
Yesterday, the Assistant Minister for Industry, Innovation and Science, The Hon Craig Laundy MP announced changes to the $23 million Incubator Support initiative.
The changes follow a 2017 Budget announcement that the Incubator Support initiative would be expanded to reflect the importance the Australian Government places on regional development. Building on the current initiative, the changes will provide greater support to regional start-ups by improving the capabilities of regional incubators and accelerators.
The changes include the addition of regional incubator facilitators, more generous grant percentages for incubator projects in regional areas and increased grant amounts to build incubator capability.
The Incubator Support initiative is part of the Entrepreneurs’ Programme and contributes to the continued implementation of the Government’s National Innovation and Science Agenda (NISA).
Information sessions outlining the changes to the initiative will be held in several regional locations and a national webinar will also be delivered for potential applicants in early 2018.