Future Made in Australia Innovation Fund

Up to $1.5 billion to support pre-commercial innovation, demonstration, and deployment of renewable energy and low-emission technologies supporting Australia’s transition to a net zero economy.

Current status of program

Opening Soon

Specific dates will be announced on relevant government websites.

To register your interest in seeking our assistance with applying, please contact us here.

What is the Future Made in Australia Innovation Fund?

At this stage, the Future Made in Australia Innovation Fund (FMIAIF), part of the $22.7 billion package, aims to bolster Australia’s economy through clean energy and diversified industries, fostering resilience and growth [1]. Key focuses include clean energy, education, and employment security [2]. This initiative intends to allocate $16.5 billion over ten years for various projects to enhance productivity and livability [3]. The fund aims to maximize economic potential through strategic investments [4].

The fund will also see the establishment of a Future Made in Australia Act and a National Interest Framework, which will guide the identification and support of priority industries. This framework will ensure that investments align with national interests, focusing on economic security and resilience.

Future Made in Australia Innovation Fund level of support

The FMIAIF plans to allocate $16.5 billion over ten years to support a variety of projects that are geared towards improving productivity and livability, focusing significantly on sectors such as clean energy, advanced manufacturing, and sustainable agriculture.

Future Made in Australia Innovation Fund important dates

• While specific dates for the application process have yet to be announced, the initiative is set to roll out over the next ten years, with various phases of funding and project implementation expected to unfold during this period.
• Register your interest with GrantHelper.

Future Made in Australia Innovation Fund objectives

The key objectives of the FMIAIF include:

• Attracting and enabling substantial private sector investment.
• Establishing Australia as a renewable energy superpower.
• Enhancing value addition to Australia’s resources.
• Supporting innovation in digital, science, and technology sectors.

Future Made in Australia Innovation Fund priority areas

The FMA Innovation fund will split grant funding across three priority areas (the Priority Areas):

• $750 million to Green Metals including iron, steel, alumina and aluminium.
• $500 million to Clean Energy Technology Manufacturing to enable development of technologies seeking to alleviate critical supply chain challenges facing the clean energy transition.
• $250 million to Low Carbon Liquid Fuels (LCLF) including sustainable aviation fuels and renewable diesel.

Designated as FMA Support under the Future Made in Australia Act 2024, ARENA will need to have regard for the Community Benefit Principles with the program.

Projects eligible for Future Made in Australia Innovation Fund support

Eligible projects will likely include those focused on developing clean energy solutions, like renewable hydrogen and low carbon liquid fuels, advancing critical minerals processing, and strengthening supply chains for green metals and other renewable resources.

See the guidelines, when available, for full details of projects eligible for FMIAIF support.

Other Future Made in Australia Innovation Fund important details that you will need to know

Future Made in Australia Innovation Fund resources

• Source
• Industry, science and technology powering a Future Made in Australia
• A future made in Australia
• Investment To Deliver Future Made In Australia
• Federal Budget Analysis 2024 – 2025
• New battery strategy to make more batteries here
• National Battery Strategy
• Register your interest

Is Your Business Eligible for This Government Grant?

GrantHelper can assist with your organisation’s grant application, no matter what stage of the funding journey you’re at.

Whenever You’re Ready, Here Are 7 Ways We Can Help You

1. Grant Application Readiness 
   Assess your current position, identify gaps, and prepare your organisation to meet the stringent requirements of competitive grant programs.
2. Grant Application Strategy
   Pinpoint the right grants, align your projects with funding priorities, and establish a roadmap that significantly boosts your chances of success.
3. Grant Application Search
   Let us do the heavy lifting to uncover the most relevant and high-value grant opportunities tailored to your business objectives.
4. Grant Application Writing
   Our expert writers craft persuasive applications that showcase your strengths and align seamlessly with the funder’s goals and criteria.
5. Grant Application Review
   Receive detailed, strategic feedback to sharpen your application, address potential weaknesses, and ensure maximum alignment with assessment benchmarks.
6. Grant Application Management
   End-to-end oversight of your grant journey — from planning and writing to submission and reporting — so you can stay focused on running your business.
7. Grant Application Courses
   Access self-paced online training to build your internal capability and develop the skills needed to navigate and succeed in the grant landscape.

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