Funding to fortify Australia’s economy and drive substantial economic growth through strategic investments in clean energy, diversified industries, and enhanced resilience over the next decade.
Current status of program
Opening Soon
Specific dates for the application process have yet to be announced.
To register your interest, please contact us here.
On this page you will find
What is the Future Made in Australia Innovation Fund (FMIAIF)?
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.
FMIAIF 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.
FMIAIF 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 here with GrantHelper.
FMIAIF 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.
Projects eligible for FMIAIF 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 FMIAIF important details that you will need to know
Organisations eligible for FMIAIF support
Eligibility is expected to extend to a broad range of stakeholders, including businesses that invest in priority industries, research institutions involved in sustainable practices, and consortia that demonstrate the capability to impact national economic objectives.
See the guidelines, when available, for full details of organisations eligible for FMIAIF support.
FMIAIF assessment criteria
The assessment criteria will likely revolve around the project’s potential to contribute to net zero emissions, its economic impact, alignment with national interests, and the sustainability of the technology or solutions proposed.
How do I get the FMIAIF?
Details on how to engage with the FMIAIF will become clearer as the initiative progresses. Prospective applicants should prepare to demonstrate how their projects align with the objectives of the fund and the broader goals of Australia’s economic and environmental strategies.
Information to prepare for the FMIAIF application
Applicants should be ready to provide detailed project descriptions, projected outcomes, environmental impact assessments, and comprehensive plans for community engagement.
Applying for the FMIAIF
Register your interest here with GrantHelper to explore your alignment with this grant and how we can assist you to increase your chances of success.
FMIAIF resources
- 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
- Fact sheet
- Register your interest
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