A new advanced manufacturing hub concerned with sports will be announced on Wednesday.
The Australian Financial Review reports that the Sports Advanced Manufacturing Hub will be a collaboration between META – previously known as the Manufacturing Precinct and announced by the former federal government last year – and the Australian Sports Technology Network.
The hub aims include assisting commercialisation, collaboration between companies, and increasing export opportunities. The global sports technology market is said to be worth $300 billion.
“What is exciting is our members will have access to some of the great manufacturers out there,” the Australian Sports Technologies Network chairman James Demetriou told the AFR.
"You might, for example, have a sports company that has come up with some new protective clothing or equipment and perhaps a manufacturer working in the defence sector could do that with them."