Future Made in Australia Innovation Fund

The program supports pre-commercial innovation, demonstration and deployment of renewable energy and low emission technologies to support Australia’s transition to a net zero economy.

Grant funding will be available across three priorities:

• Green Metals – including iron, steel, alumina and aluminium.
• Renewable Energy Technology Manufacturing – to develop technologies that address critical supply chain challenges in the clean energy transition.
• Low Carbon Liquid Fuels – including sustainable aviation fuels and renewable diesel.

Projects should aim to:

• Increase uptake of the technologies through innovation and commercialisation activities;
• Enhance Australia’s capability and capacity to produce or manufacture these technologies;
• Strengthen supply chains to enable greater use of the technologies; or
• Improve knowledge, skills and/or workforce participation related to the technologies.

There is no maximum grant amount. Funding is expected to be matched with a minimum 50% co-contribution.

Total grant funding pool allocation:

• $750 million forGreen Metals;
• $200 million (initial tranche) for Renewable Energy Technology Manufacturing; and
• $250 million for Low Carbon Liquid Fuels.

Applicants must hold an ABN and be one of the following:

• An incorporated Australian entity;
• A corporate Commonwealth entity, Commonwealth company or government business enterprise;
• A body corporate or corporation solely owned by an Australian State or Territory;
• An Australian local government or council, or an organisation representing them;
• An Australian university or other research institution; or
• An entity operating a Cooperative Research Centre (CRC).

This is an open and ongoing program until funding is exhausted. Applicants should seek endorsement from ARENA before submitting an application.