Seven Tasmanian businesses have received a total of $619,000 in funding as part of the Tasmanian government’s Advanced Manufacturing Accelerating Growth Program (AMAGP).
The grant program, which is now in its third round, seeks to encourage advanced manufacturers to invest in new equipment that will help them grow into new markets or expand in current ones.
Bioflex Nutrition, one of the program’s successful recipients, has secured $99,410, which will be used to boost its automation processes and ensure continued manufacturing in Tasmania.
Odyssey Geophysics will use the $100,000 backing it received to obtain a metal 3D printer for the production of seismic monitoring instruments built for harsh global environments.
Tamar Hydro will use its grant to boost its advanced manufacturing capabilities in a bid to improve international competitiveness.
Another $100,000 award will go to Delmade to support its robotic welding production line to manufacture agricultural tillage equipment.
Marinova, which received $41,077, will use the funding to assist with pH probe technology, automated dosing systems and integrated data logging software.
Decrolux and Elphinstone received $78,493 and $100,000, respectively.
Decrolux, an expert in commercial LED lighting for aged care, education, and sports projects, will use the funding to establish a research and development facility aimed at enabling full vertical integration of inhouse manufacturing capabilities.
Meanwhile, Elphinstone’s grant will assist with the development of advanced manufacturing defence capabilities to compete in the global defence industry.
“It is anticipated this funding will encourage some $1.72 million in total investment and generate more than 80 new manufacturing jobs within Tasmania,” said Madeleine Ogilvie, minister for advanced manufacturing and defence industries.
AMAGP’s fourth round is expected to open in early 2023.
Tasmania’s manufacturing industry is a crucial player in the state’s local economy, generating more than $7 billion in turnover per annum and employing more than 18,000 Tasmanians.
