Tag: National Reconstruction Fund

The Australian Government has marked a milestone in its $15 billion National Reconstruction Fund (NRF) with a $40 million investment to ensure Toowoomba-based Russell Mineral Equipment (RME) continues to innovate and manufacture in Australia.

The Australian Government announced a substantial increase in funding for research and development (R&D), with an injection of $12.6 billion aimed at bolstering Australian innovation this year.

Not-for-profit industry organisations can now apply for grants to provide expert, sector-specific guidance to participating startups and scaleups as part of the Australian Government’s $392.4 million Industry Growth Program.

It is undeniable that 2023 has been a transformative year for the Australian manufacturing sector as it navigates through numerous challenges throughout the year. 

The Australian Government has unveiled a $127 million investment to back new research centres to cut emissions in the agriculture sector and eliminate plastic waste. 

The $15 billion National Reconstruction Fund is now poised to initiate investments aimed at fostering the growth of Australia's industrial capabilities, with a focus on generating secure and well-paid job opportunities for the future.

The Australian Government has officially launched its $392 million Industry Growth Program, an initiative aimed at helping startups and small businesses commercialise and grow their companies. 

A new report from national professional services firm RSM Australia has highlighted the need for an increase in government contracts and funding to allow Australian advanced manufacturing to compete on a global level. 

Glenn Thompson, the assistant national secretary of the Australian Manufacturing Union since 2003, has been appointed as a member of the National Reconstruction Fund Corporation Board. 

Minister for Industry and Science Ed Husic has convened with government leaders from across the Indo-Pacific at the Global Entrepreneurship Congress 2023 (GEC 2023) to explore ways of bolstering opportunities for global entrepreneurship and innovation, particularly in advanced manufacturing.