You are here: Home > Water Bioremediation > Government Research Assistance
Water Bioremediation
Government Research Assistance
MBD has been engaged in productive and ongoing detailed discussions with the Federal Government, and the State Governments of Queensland, New South Wales and Victoria.
To date MBD and JCU have been successful in securing government funding and assistance, including the following.
- AU$5.4 million from the Federal Government, as part of the AMCRC, which was formally announced by the Honourable Kim Carr, Federal Minister for Innovation on 8 July 2010 at MBD’s R&D Facility in Townsville;
- AU$1 million from the Queensland State Government Research Industry Partnership Program (RIPP) Program which is being made available for MBD’s Tarong Project - the RIPP grant is part of the Queensland Smart State Program; and
- AU$5.0 million from the Federal Government, as part of the Advanced Biofuels Research Institute (ABRI), which was formally announced by the Federal Minister for Energy and Resources, the Hon. Martin Ferguson, on May 10, 2011. The grant will be made available via James Cook University to assist with the costs of progressing important research into the use of algae for advanced biofuel purposes.
The Advanced Manufacturing Co-operative Research Centre (AMCRC) was established by the Federal Government to provide grant funds to encourage significant commercial projects from collaborations between industry and academia. MBD and JCU have now been formally accepted into the AMCRC and are currently progressing a detailed program of R&D focused on commercial outcomes to assist MBD establish a successful commercial algae project and help create an algae industry within Australia.
MBD has and will continue to benefit from the Federal Government’s R&D Tax Rebate Policy which enables the Company to claim 45% of all private equity funds expensed against R&D activities as an annual cash rebate under the R&D Taxation Scheme.