Local manufacturing gets $7 million funding
Small businesses can now apply for a small chunk of a $7 million funding program from the Federal Government.
The Automotive Innovation Lab Access grants program aims to support automotive businesses in product development.
Up to $200,000 in matched funding is available in an effort to improve time to market for new parts, enhance product offerings and expand high-value automotive manufacturing operations.
$3 million in government funding will also be used to build an Automotive Innovation Lab facility in South Australia as well as providing upgrades for an already established facility in Victoria.
The Innovation Labs will be led by the Australian Automotive Aftermarket Association (AAAA) providing “Australian automotive product designers, manufacturers and start-ups with the tools, technology, vehicles, expertise and collaborative environment required to innovate, design, test and manufacture for local and export markets”.
The facilities will offer manufacturing services including 3D printing and scanning, measuring sessions, technology transfer, Computer Aided Design and prototyping.
AAAA chief executive, Stuart Charity, says the automotive aftermarket manufacturers industry is already booming, and the funding will help it grow even further.
“Our companies are world leaders in the design and manufacture of specialty products with a technological advantage such as 4WD, high performance and motorsport components. These products are purchased on innovation, performance and features rather than on price,” he says.
“Establishing this collaborative infrastructure will position our industry for future domestic and export market growth by providing the innovators of the industry with the leading edge technology and expertise needed to take Australian automotive industry innovations to the world, regardless of how large or small their businesses are.”
Industry, Science and Technology MP, Karen Andrews, says the grants program will boost industry capability to manufacture products with the latest vehicle models and technologies.
“The Coalition Government is committed to supporting an internationally competitive and global integrated automotive sector in Australia,” she says.
Ali is a Motoring Reporter at Drive.com.au. She completed her Journalism degree in 2018 and has a background in the automotive industry. Ali also has a passion for racing that started in go-karts from an young age, progressing into car racing in 2016…