The $15.5 million fourth round of the Made in Queensland (MIQ) program is now open for initial applications from small to medium enterprises (SME) in the traditional manufacturing sector to increase manufacturers’ international competitiveness, productivity and innovation via the adoption of new technologies.
The MIQ Program is aimed at supporting existing jobs and creating new jobs of the future in Queensland manufacturing businesses and in the state’s supply chains to grow Queensland’s economy.
The MIQ Program provides grant funding to support Queensland’s The Made in Queensland (MIQ) program is a $61.5 million Queensland Government initiative supporting small to medium manufacturers increase international competitiveness, productivity and innovation via the adoption of new technologies, and to generate high-skilled jobs for the future.
These projects are expected to create more than 1,100 jobs over five years and generate more than $100 million in private sector investment.
The objectives of MIQ (Program Objectives) are to:
- Support the Advance Queensland Priorities and the Department of Regional Development, Manufacturing and Water’s (the Department) Strategic Direction by:
- increasing the productivity and international competitiveness of Queensland-based manufacturing SMEs;
- encouraging Queensland-based manufacturing SMEs to adopt innovative processes and technologies;
- encouraging more Queensland-based manufacturing SMEs to become Advanced Manufacturers; and
- supporting traditional manufacturing jobs and creating the new high-skilled manufacturing jobs of the future.
- The Program will also support the Making it in Queensland: Building a stronger manufacturing sector election commitment by focusing on the Reshoring and Onshoring of Critical Industries to Queensland.
- Eligible manufacturers can apply for grants between $50 000 and $2.5 million with matched funding to become more international competitive and adopt innovative processes and technologies.
- Grants of between $50,000 to $2.5 million (excluding GST) will be:
- available as matched funding for eligible project costs on a dollar-for-dollar cash basis;
- available for projects that align with the strategic direction of the applicant and the MIQ Program Objectives, and that facilitate:
- innovative Industry 4.0 integrated systems, processes and strategies;
- adoption of advanced manufacturing technologies such as robotics;
- the Reshoring or Onshoring of functions for Critical Industries, and
- allocated following the conduct of a two-stage competitive selection process.
To be eligible for an MIQ grant, an applicant must:
- be a Queensland-based business whose principal activity and majority annual turnover is derived from manufacturing, as defined under Division C of the Australian Bureau of Statistics’ Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006;
- be registered for GST and hold an active Australian Business Number (ABN);
- be an SME with between five and 200 full-time equivalent employees located in Queensland;
- have a proposed Eligible Project (that meets the requirements set out in Section 2.4 and be able to demonstrate that the applicant is in a position to verify/validate the details, expected effectiveness and outcomes of the proposed Eligible Project if the applicant progresses to Stage 2 (Detailed Application);
- have the financial capacity and standing necessary to conduct the proposed Eligible Project recognising that the grant payments are made in arrears;
- not have, and must not be an Associated Entity that has, received (or be about to receive) funding under the MIQ Program that in aggregate exceeds, or will exceed $2.5 million;
- not have made, and must not be an Associated Entity that has made, an application under Round 4 of the MIQ Program that in aggregate exceeds, or will exceed $2.5 million;
- not be insolvent or have owners or directors that are an undischarged bankrupt; and
- not be a federal, state or local government entity, statutory authority or special purpose vehicle or notfor-profit organisation.
For more information, visit https://www.rdmw.qld.gov.au/manufacturing/assistance-programs/made-in-queensland