$28.7 million awarded through new Industry Growth Program grant round

Grants totalling $28.7 million have been awarded via another round of the federal government’s Industry Growth Program.

According to an update from the federal department of industry’s website on Wednesday, three of the grants went to:

• SDIP Innovations, which is “developing an implant system that manufactures bone fillers for use in orthopaedic surgeries”;
• Iondrive Technologies, which is “creating a more effective and greener battery recycling process that can recover the separate minerals” from lithium batteries; and 
• Caulmar (trading as Hart Marine), which is “developing a specialised hydrofoil boat to transport pilots”, and which will be “designed, built and launched in Australia.”

Elsewhere, the amount of these grants is given as $3,953,985 to SDIP, $3,885,362 to Iondrive, and the maximum amount of $5 million to Caulmar.

(The grant to Iondrive was made public by the ASX-listed company last week.)

IGP offers matched funding for projects through two grant streams: between $50,000 and $250,000 is available for early-stage commercialisation projects, and between $100,000 and $5 million for commercialisation and growth projects.

SDIP Innovations was on @AuManufacturing’s Australia’s 50 Most Innovative Manufacturers list this year and in 2024.

An interview recorded at its Hornsby factory a year ago with co-founder/CEO Dr Maryam Parviz (pictured) is available at this link and through @AuManufacturing Conversations via whichever app you use to download podcasts.

Further reading

Industry Growth Program funds flow to commercialise technology

$2.5 million in Industry Growth Program grants awarded

Back to the future with Industry Growth Program

Federal government awards Iondrive $3.9 million grant to help pilot plant build

This year’s Australia’s 50 Most Innovative Manufacturers list revealed

Australia’s 50 Most Innovative Manufacturers for 2024 announced