The latest recipients of the Advanced Manufacturing Growth Centre’s (AMGC) managed $30 million Commercialisation Fund sees the fund almost exhausted after just ten months.
Two food and beverage businesses are included in the 24 manufacturers allocated funds in the round, Queensland based TPC and ICEE from Victoria.
All of the recipients have matched federal co-investment ~4:1, with $32.4 million from industry and $9.03 million from the federal government.
AMGC managing director Dr Jens Goennemann said the projects would commercialise better ways to manage and mitigate our health and security concerns, improve food and beverage operations, and make better use of our planet and its finite resources.
“The demand for targeted, well-managed, and appropriately sized co-investment could be seen with $29 million of the $30 million fund allocated to 55 projects just 10-months,” Goennemann said.
TPS and ICEE received the same funding amount of $444,875 for projects with a total commitment of $1.31 million.
TPS is working to commercialise advanced digital sensors for testing of water quality parameters in the food and beverage sector.
ICEE is looking to commercialise Bouncee, a reusable and collapsible insulated crate and coolant system for short transit perishable logistics, such as click and collect, and home delivery.
Projects across all six of the National Manufacturing Priorities have received funds.
- 34 per cent of projects spanning the NMP of Recycling and Clean Energy;
- 23 per cent of projects spanning the NMP of Medical Product;
- 18 per cent of projects spanning the NMP of Food and Beverage;
- 11 per cent of projects spanning the NMP of Resource Technology and Critical Mineral Processing; and
- 14 per cent is split equitably between the NMPs of Space and Defence.
Goennemann said all 24 co-invested projects from tranches 6, 7 and 8 are expected to create a substantial number of local jobs while driving additional revenues and export opportunities for the locally manufactured products.
Under Recycling and Energy, Plantabl received $534,760 towards its $6.41 million work to commercialise and manufacture Great Wrap’s biopolymer resin (cling wrap) derived from organic waste, to produce a compostable stretch wrap that can replace plastic cling, silage, and pallet wraps.
Sustinet – $499,500 (total project $2.94 million) towards commercialising a scalable process utilising sugarcane waste to make value-add products such as mushroom grow bags. Once implemented, the Sustinent process will also be able to address problematic waste from cotton, rice, or wheat crops.
TomKat Global – manufacturing a new thermal container for the transportation of temperature sensitive and perishable produce. The KoolPak has superior thermal performance to a polystyrene container, is multi-use, fully traceable and recyclable. Total project commitment $555,000 ($267,500 from Commercialisation Fund).
YOUC – commercialisation of a new ‘Smart Box’ system which will enable the tracking and tracing of boxes through the manufacturing process allowing for real-time restocking, reordering and waste reduction. Total project commitment $710,900 ($297,500 from Commercialisation Fund).
For the full list click here.
