The established CRC for Optimising Resource Extraction (CRC ORE) will receive $34.45 million to fund its ongoing work in improving the efficiency and cost-effectiveness of mineral extraction through to June 30, 2021.
This involves enabling the recovery of lower-grade ore deposits in an energy and cost effective way to boost business productivity.
The remaining $40 million will fund the new CRC for Innovative Manufacturing (IM CRC) over seven years (to June 2022) to assist Australian manufacturers to transition to high-value, internationally competitive manufacturing in areas of global growth, including additive manufacturing, lightweight robotics and medical devices.
Speaking at the CRC Association annual conference in Canberra, Minister for Industry and Science Ian Macfarlane said the CRC program had proved to be an important asset for driving greater collaboration between industry and research since its establishment in 1990.
“CRCs are a highly successful way of bringing industry and research organisations together to apply the latest research knowledge to the real-world problems facing industry,” he said.
More than 60 organisations, including multi-nationals, small and medium enterprises, as well as peak industry bodies will be involved in these CRCs. They will also work closely with the new Industry Growth Centres.
“The Australian government has put science at the centre of industry policy through the range of measures in the industry innovation and competitiveness agenda,” Macfarlane added.
“Along with Industry Growth Centres which focus on the areas in which Australia has a competitive edge, CRCs will drive productivity, innovation and collaboration gains, and identify commercial opportunities to exploit global markets and generate new jobs.”
The federal government said it was investing more than $731 million over five years for the CRCs to continue their diverse range of research.
Since 1991, more than $4 billion in funding was committed to the CRC program and its 200 centres.