Key Takeaways
- The Additive Manufacturing Cooperative Research Centre (AMCRC) is providing $3.25 million in funding to Australian startups and SMEs to adopt 3D printing.
- The STARTER program will match funds dollar for dollar, with each project lasting 3-12 months and focusing on prototyping and end-use part production.
- The program aims to increase sustainability, supply chain efficiency, and reduce lead times for participating businesses.
- Funding packages range from $20,000 to $75,000, with the potential to support 42-162 businesses.
Introduction to the STARTER Program
The Additive Manufacturing Cooperative Research Centre (AMCRC) has launched the STARTER program, a funding initiative designed to accelerate the adoption of 3D printing among Australian startups and small- to medium-sized enterprises (SMEs). With a total budget of $3.25 million, the program aims to support businesses in leveraging additive manufacturing to improve efficiency, flexibility, and competitiveness.
Program Details
The STARTER program will provide matching funds to participating businesses, with each project lasting between 3 and 12 months. The focus will be on prototyping and end-use part production, with an emphasis on sustainability, supply chain efficiency, and reducing lead times. According to AMCRC Managing Director Simon Marriott, "Many SMEs and start-ups recognize the potential of additive manufacturing, but they don’t always know where to begin or have the capability to assess where it can create value for their business."
Comparison of Funding Packages
| Funding Package | Number of Businesses Supported |
|---|---|
| $20,000 | 162 |
| $75,000 | 42 |
| Total Budget | $3.25 million |
Benefits of the STARTER Program
The STARTER program is expected to have a significant impact on the Australian industrial base, with a total investment of $6.5 million in additive manufacturing. By providing businesses with a practical pathway to explore the benefits of 3D printing, the program aims to increase the number of firms using additive manufacturing in Australia.
Bottom Line
The AMCRC's STARTER program is a significant step towards promoting the adoption of 3D printing among Australian startups and SMEs. With its focus on matching funds, prototyping, and end-use part production, the program has the potential to support up to 162 businesses and drive innovation in the country's industrial sector. As AMCRC Managing Director Simon Marriott noted, "Businesses are using additive manufacturing to reduce lead times, overcome production bottlenecks, improve supply chain resilience and bring new products to market faster."