New funding round to back innovators in METS sector
The body – focused on sparking growth in the mining equipment, technology and services (METS) sector – will will deliver $4 million in innovation funding.
To be eligible, projects must be collaborative and industry-led, with clear commercialisation applications.
The funding is part of a four-year, $15.6 million commitment made by the Australian Government to incentivise collaboration and address METS-mining sector priorities.
METS Ignited acting chief executive officer Ian Dover said the initiative was designed to unlock important solutions for the industry by enabling partnerships and projects to demonstrate innovation in mining operations that might not otherwise be possible.
“Facilitating new solutions for mining challenges is part of the mandate for METS Ignited. It’s vital we support the development of influential future technologies by METS companies as this will maintain the competitiveness of Australian mining,” Mr Dover said.
“There are new software solutions, devices and facilities already in use across the industry thanks to this initiative. We’re looking forward to supporting the next group of applicants in commercialising their concepts.”
Recipients of the Collaborative Project Funds are required to secure equal or greater investment from a customer.
Potential applicants can register for an August 1 webinar held by Austmine and METS Ignited, which will give valuable insights into the application process as well as priority areas of focus. Applications close September 27.
Further information about the funding can be found at metsignited.org
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