Tasmanian companies are producing some of the best and most innovative advanced products in the world and the Tasmanian Government will continue to support them to further grow and flourish.
Seven Tasmanian enterprises have been awarded grants totalling $619,000 to assist in expanding their manufacturing capabilities to support interstate and international market growth opportunities.
The Advanced Manufacturing Accelerating Growth Program encourages advanced manufacturers to invest in new equipment to support growth into new markets or expand current ones.
It is particularly pleasing to note that five of the successful applicants in round three are based in regional areas, being Grove, New Norfolk, Exeter, Westbury and Deloraine.
The regional manufacturers being supported are Odyssey Geophysics, Tamar Hydro, Delamade, Bioflex Nutrition and Decrolux.
Cambridge-based Marinova and Burnie-based Elphinstone are also grant recipients in this round.
It is anticipated this funding will encourage some $1.72 million in total investment and generate more than 80 new manufacturing jobs within Tasmania.
The manufacturing sector is pivotal to the Tasmanian economy, generating more than $7 billion in turnover a year and employing 18,000 Tasmanians.
With the support generated by this grant program, the sector will continue to evolve and prosper.
Round four of the Advanced Manufacturing Accelerating Growth Grant program is expected to open in early 2023.
Further information and updated program guidelines will be available from Business Tasmania in late January 2023.
Advanced Manufacturing Accelerating Growth Grants program – Round 3
Successful applicants
Company | Funding amount | Purpose |
Marinova Pty Ltd | $41,077 | To assist with pH probe technology, automated dosing systems and integrated data logging software. |
Odyssey Geophysics Pty Ltd | $100,000 | To assist with a metal 3D printer to produce seismic monitoring instruments built for harsh global environments. |
Tamar Hydro Pty Ltd | $ 100,000 | To assist with supporting advanced manufacturing capabilities to improve international competitiveness. |
Delmade Pty Ltd | $100,000 | To assist with a robotic welding production line to manufacture agricultural tillage equipment. |
Bioflex Nutrition Pty Ltd | $99,410 | To assist with automation processes to ensure continued manufacturing in Tasmania. |
Decrolux Pty Ltd | $78,493 | To assist with the development of a research and development facility to enable full vertical integration of inhouse manufacturing capabilities |
Elphinstone Pty Ltd | $100,000 | To assist with developing advanced manufacturing defence capabilities to compete in the global defence industry. |
More Media Releases from Madeleine Ogilvie
More Media Releases from the Minister for Advanced Manufacturing and Defence Industries