Funding for Australian manufacturing SMEs to use digital technology to boost competitiveness
A funding of A$250,000, through the government’s Advanced Manufacturing Growth Centre (AMGC), will be given to small Australian manufacturers so that they can increase their use of digital technology and at the same time, boost their productivity.
Senator the Hon Michaelia Cash, Minister for Jobs and Innovation Senator for Western Australia together with Member for Boothby, Nicole Flint MP had the joint media release detailing funding for small to medium-sized Australian manufacturing businesses.
This industry-led project will give 17 small and medium-sized Australian businesses the opportunity to upgrade their current technology in order to include robotics, cyber-physical systems and automation to their manufacturing process.
At the forefront of the project is Dematec Automation Pty Ltd, a South Australian-based engineering and design company. With its suite of sensors and monitoring devices, it can support manufacturing companies in advancing their industrial processes.
AMGC is an industry-led, not-for profit organisation, which supports the development of a world-leading advanced manufacturing sector in Australia. A team of leading industry experts comprise its board and management. Being connected with a nationwide network of research and development hubs allows the Centre to discover new commercial opportunities and drive innovation in Australian manufacturing. They also collaborate with industry enterprises and the scientific and research community in addition to consolidating existing linkages.
Becoming a member of AMGC has its perks:
(1) Small and medium-sized enterprises can connect with multinationals to strengthen their reach vis-a-vis large enterprises have the opportunity to discover agile and innovative supply chain partners.
(2) No need to pay royalty or licence fees in order to gain access to intellectual property when collaborating in projects.
(3) AMGC will co-fund projects that are implementing identified priorities for the sector.
(4) Knowledge sharing of advanced manufacturing techniques and characteristics.
(5) Increased media reach because AMGC will work with the businesses to publish content through AMGC media channels.
Along with five other Growth Centres, Food and Agribusiness; Medical Technologies and Pharmaceuticals; Mining Equipment, Technology and Services; Oil, Gas and Energy Resources; and Cyber Security, AMGC is a part of an A$248-million initiative of the Australian Government’s Industry Growth Centres. These are all smart, high-value and export-focused industries where Australian ingenuity and expertise have the potential to compete on the world stage.
According to the Minister for Jobs and Innovation Michaelia Cash, the Australian government believes that this will help the manufacturing businesses in adopting new technologies which will allow them to innovate, expand and provide more jobs.
Furthermore, she said, “Funding in the Budget of A$20 million will help Australian small to medium businesses to form local and regional business hubs so they can work together to access new export markets and global supply chains.”
She also added, “We’ve also extended funding for the current Industry Growth Centres by two years, enabling them to build on their initial success with Australian manufacturers.”
The Federal Member for Boothby, Nicolle Flint, was encouraged to see local South Australian manufacturing companies taking advantage of technology to remain competitive. She explained, “Many innovative companies are already investing in digital technologies as part of their business planning and operations and projects like this will help others to boost their competitiveness.”