The Australian Manufacturing Technology Institute Limited (AMTIL) supports its members in their efforts to find and apply for relevant grants, including the Victorian Investing in Manufacturing Technology (IMT) grant or the Federal Clean Technology Innovation and Investment Program, which are currently open to applications.
The Australian manufacturing industry can get moving by investing in new technology and increasing their global competitiveness. However, not many companies are aware of Federal, State and Local Government grants that are designed to support the review, implementation, acquisition or innovation of new technology or energy efficient resources in their business.
According to AMTIL CEO Shane Infanti, a dedicated long term commitment from both State and Federal Governments to encourage investment in technology is critical to Australia’s manufacturing future.
In Victoria, 19 local manufacturers have already shared $3.4 million to invest in new technology and equipment designed to boost productivity. According to the State Government, the projects supported under the first round of the IMT program represent almost $14 million worth of investment in new technology, processes and equipment. Richard Dalla-Riva, the Victorian Minister for Employment and Industrial Relations and Manufacturing, Exports and Trade said that the projects were expected to create at least 82 new jobs and transition 164 employees to higher value roles.
Applications for Round 3 are currently open and close 12 April 2013 for eligible manufacturers with a presence in Victoria to receive grants of up to $250,000. The IMT initiative assists manufacturers to purchase and integrate new technologies that will 'improve productivity and competitiveness, strengthen capability and have a transformative impact on their business by encouraging wider and ongoing innovation'.
Mr Infanti adds that the upcoming AUSTECH exhibition in Melbourne provides the perfect forum for Australian manufacturers to interact with technology suppliers, because proposed projects under the IMT scheme should include as a central element the purchase of technology embedded in equipment and machinery.
From 7 to 10 May 2013, national and international manufacturers of production technology will be presenting machine tools, precision tools, sheetmetal technology, automation equipment and much more at AUSTECH 2013 being held at the Melbourne Convention and Exhibition Centre in Melbourne. Co-hosted with National Manufacturing Week (NMW), the event attracts a combined total of over 10,000 visitors every year.
In addition to the IMT grant, businesses in Victoria might also be eligible for the Smarter Resources Smarter Business Program, which provides up to $15,000 for businesses to review their activities and $10,000 for the identification and implementation of resource efficiency improvements.
The Federal Clean Technology Investment Program, announced in early 2012 by the Minister for Industry and Innovation, the Hon Greg Combet AM MP is a central element of the Australian Government's Clean Energy Future plan. Designed as a competitive, merit-based grants program to support Australian manufacturers to maintain competitiveness in a carbon constrained economy, the $800 million program will provide grants for investments in energy efficient capital equipment and low emission technologies, processes and products.