Government · 1 deal
Every published round Sovereign Industrial Capability Priority program took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Axiom Precision Manufacturing | Grant | 2 Mar 2021 | $1m | Lead | @AuManufacturing (Tue 2 Mar 2021), @AuManufacturing (Wed 24 Feb 2021) |
Companies Sovereign Industrial Capability Priority program has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Axiom Precision Manufacturing | 2 Mar 2021, Grant | 1 | 1 |
Fund closes reported for Sovereign Industrial Capability Priority program, as distinct from the investments it has made.
Companies Sovereign Industrial Capability Priority program has backed that another company then bought. An exit for the holding, not a deal Sovereign Industrial Capability Priority program did.
| Name | Role | Sources |
|---|---|---|
| Melissa Price | Defence Industry Minister (former) | @AuManufacturing (Wed 24 Feb 2021), @AuManufacturing (Wed 27 Jan 2021), @AuManufacturing (Fri 9 Aug 2019) |
Stories naming Sovereign Industrial Capability Priority program. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
A Brisbane electronics manufacturer has spent close to $4 million on automation and inspection equipment, aided by Queensland and federal grants, and now supplies defence customers including EM Solutions and Rheinmetall.
Three Australian manufacturers receive Sovereign Industrial Capability Priority grants totalling just over $2 million to build welding, robotics and precision capabilities that reduce Defence's reliance on foreign suppliers.
Also @AuManufacturing
Eight Australian defence small businesses received grants totalling 3.4 million dollars under a government capability program, with individual awards listed for companies including Penten, Gilmour Space and Amiga Engineering.
Twenty Australian small businesses share more than eleven million dollars in the latest round of a federal defence grants program, with individual awards listed alongside each company's stated purpose and state.
Seven companies have received Sovereign Industrial Capability Priority grants totalling 2.4 million dollars to expand defence-related manufacturing capacity across several states.
Eleven Australian small manufacturers have received defence capability grants totalling almost five million dollars under a government programme, with individual awards listed for each recipient.
Applications open for a further round of a defence grants program; earlier recipients include three named manufacturers, with $12.4 million granted so far in amounts from $50,000 to $1 million.