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Government launches $1.3bn funding program for space sector

Government launches $1.3bn funding program for space sector

The federal government has invited stakeholders across the space sector to apply for funding via the $1.3 billion Modern Manufacturing Initiative.

Government launches $1.3bn funding program for space sector
Government launches $1.3bn funding program for space sector
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The Modern Manufacturing Initiative (MMI) has officially launched, with funding now available for stakeholders across the Australian space industry.

The MMI is providing co-funding for manufacturing projects across two of the three targeted manufacturing streams:

  • manufacturing translation stream – helping manufacturers translate high-quality research and ideas into commercial outcomes; and
  • manufacturing integration stream – helping manufacturers gain access to domestic and global supply chains to produce and distribute high-value products and high-value services.

Government funding is to be provided on a co-investment basis and is expected to cover up to 50 per cent of project costs.

The $1.3 billion MMI forms part of the Morrison government’s Modern Manufacturing Strategy (MMS), which aims to help manufacturers scale up operations, generate jobs growth, enhance local capability, drive collaboration and identify new opportunities to access domestic and global supply chains.

The MMI also supports the National Manufacturing Priorities, which includes the Space National Manufacturing Priority road map.

Charbel Kadib

Charbel Kadib

News Editor – Defence and Cyber, Momentum Media

Prior to joining the defence and aerospace team in 2020, Charbel was news editor of The Adviser and Mortgage Business, where he covered developments in the banking and financial services sector for three years. Charbel has a keen interest in geopolitics and international relations, graduating from the University of Notre Dame with a double major in politics and journalism. Charbel has also completed internships with The Australian Department of Communications and the Arts and public relations agency Fifty Acres.

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