Driving a strong and diversified economy

The Investment Attraction Fund (the Fund) was established to encourage new investment in Western Australia that will create local jobs and contribute to a more diversified economy.  

In 2022, the Western Australian Government launched the first round of the Fund, prioritising identified projects and sectors for strategic development including energy; primary industries; defence; space; health and medical life sciences; international education; tourism, events and creative industries; and mining equipment, technology and services.  

Over 200 expressions of interest were received, and 42 organisations selected to receive $156.4 million in grant funding. See the full list of recipients below. 



WA ocean

New Energies Industries Funding Stream

This specialised Funding Stream is for new energies industries to accelerate WA's energy transition.

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Investment Attraction Fund

Find out more about eligibility and application criteria for this stream of the Investment Attraction Fund.

Backing local companies to manufacture here in WA, to value-add, and to take on the world in developing high-tech products for the future.

- Hon. Roger Cook, Premier of Western Australia


Below are recipients from the inaugural round of the Investment Attraction Fund. Newer recipients will be added with the second round as they are awarded.


4D Delta Pty Ltd

Development of the Wear Management for the Digital Age project

Funding: $500,000 | Visit their website

Austin Engineering Ltd

Development of an advanced and automated manufacturing process for mining load and haul equipment.

Funding: $5,000,000 | Visit their website


Development of precursor Cathode Active Material (pCAM) sample and enabling works for full scale commercial production of pCAM.

Funding: $3,000,000 | Visit their website

Baxter Healthcare Pty Ltd

Expansion of local pharmaceutical manufacturing

Funding: $4,000,000 | Visit their website

Bridgewest Perth Pty Ltd

Expansion of Western Australian biotech product manufacturing capabilities

Funding: $2,000,000 | Visit their website

Cadoux Limited

Development of the High purity alumina (HPA) project.

Funding: $3,000,000 | Visit their website

Clearvue Technologies Ltd

Development of a photovoltaic and nanoparticle components manufacturing facility

Funding: $2,000,000 | Visit their website

DUG Technology (Australia) Pty Ltd

Development of the Geraldton Climate-Positive High Performance Computing Campus.

Funding: $5,000,000 | Visit their website

EcoMag Limited

An advanced manufacturing facility for producing high-value magnesium organics.

Funding: $5,000,000 | Visit their website

European Foods Wholesalers Pty Ltd

Development of the Blue Cow Dairy project, a value-added milk production and tourism facility.

Funding: $5,000,000 | Visit their website

Franmarine Underwater Services Pty Ltd

Development of a Western Australian based Global Operations Centre for delivery of ships husbandry and sustainment to Australian and Global Defence organisations.

Funding: $3,950,000 | Visit their website

Fremantle Seaweed Pty Ltd

Expansion of the Seaweed Solution to Climate Change, seaweed farming project

Funding: $4,000,000 | Visit their website

Future Energy Exports CRC Ltd

Development of the Kwinana Energy Transformation Hub.

Funding: $15,000,000 | Visit their website

Future Green Solutions Pty Ltd

Development of the Closing the loop - food supply chain: innovative technology upcycling organic waste to produce high value products project.

Funding: $5,000,000 | Visit their website

FutureEnergy Australia Pty Ltd

Development of the Narrogin FutureEnergy Park for fuel security and land regeneration.

Funding: $4,720,000 | Visit their website

Good Earth Dairy

Development of an infant formula and novel long-shelf life camel milk manufacturing facility

Funding: $4,400,000 | Visit their website

Infinite Green Energy Ltd

Development of the MEG HP1: Green Hydrogen project.

Funding: $5,000,000 |  Visit their website

Kimberley Cotton Company Ltd

Development of the Ord Cotton Ginnery.

Funding: $5,000,000 | Visit their website

Koodaideri Innovation and Technology Pty Ltd

Development of an advanced additive manufacturing facility for hydraulic tuning tool and services.

Funding: $952,500 | Visit their website

Latconnect 60 Pty Ltd

Development of an EONET project, accessing satellites and delivering Earth Observation Data for vital insights.

Funding: $800,000 | Visit their website

Linley Valley Pork*

Development of advanced manufacturing and traceability technology for Linley Valley Pork products

Funding: $5,000,000 | Visit their website

Magellan Powertronics Pty Ltd

Development of innovative advanced manufacturing battery eco-system hubs for the Pilbara and Rockingham regions.

Funding: $4,410,974 | Visit their website

Milne Feeds

Expansion of the John Street Mill Fibre and Compound Ruminant Feed Mill

Funding: $5,000,000 | Visit their website

MineARC Systems Pty Ltd

Extension of controlled environment product portfolio and manufacturing automations for biomedical applications

Funding: $3,100,000 | Visit their website

Murdoch University

Development of an Extractive Metallurgy Research and Education Centre in the Kwinana Strategic Industrial Area

Funding: $763,000 | Visit their website

Nexxis Technology Pty Ltd

Development of Project Argus for robotic autonomy in heavy industry inspections.

Funding: $985,000 | Visit their website

Oncores Medical Pty Ltd

Manufacturing and commercialisation of a diagnostic imaging system in Western Australia.

Funding: $3,000,000 | Visit their website

Onslow Marine Support Base Pty Ltd

Development of the Onslow Marine Support Base channel optimisation and navigational support project.

Funding: $2,376,255 | Visit their website

Opal Biosciences Ltd

Development of a facility for small scale formulation and manufacturing (SSFM) of sterile liquid products including vaccines.

Funding: $5,000,000 | Visit their website

Pacific Energy Renewables WA Pty Ltd

Development of advanced manufacturing capabilities for Stand-alone Power Systems (SPS).

Funding: $2,448,250 | Visit their website

Richgro Garden Products

Manufacture of organic waste to new high-value granulated fertiliser and wood fibre for agriculture and horticulture

Funding: $4,840,197.00 | Visit their website

Rose Hotel Bunbury

Development of the West End Precinct, Geraldton project.

Funding: $5,000,000 | Visit their website

Spinifex Brewery Ltd

Development of the Spinifex Ale House, Cable Beach, Broome project.

Funding: $1,980,000 | Visit their website

Stanley International College Pty Ltd

Creation of Schools of Nursing & Allied Health, Culinary Arts and Information and Communication Technology (ICT).

Funding: $5,000,000 | Visit their website

Tassal Operations Pty Ltd

With a further $2 million from the Department of Primary Industries and Regional Development, Tassal will optimise cultivation at its Cone Bay Barramundi farm.

Funding: $3 million | Visit their website

Terra15 Technologies Pty Ltd

Expansion of hardware production and software support for the manufacturing of infrastructure sensor platforms.

Funding: $1,473,000 | Visit their website

Unigrain Pty Ltd

Expansion of advanced manufacturing of premium Western Australian oat flour.

Funding: $3,000,000 | Visit their website

University of Western Australia

Development of the Springboard Medical Manufacturing Alliance.

Funding: $2,698,292 | Visit their website

Vital Trace Pty Ltd

Development of advanced manufacturing processes for medical biosensors in Western Australia.

Funding: $4,000,000 | Visit their website

VRX Silica Ltd

Development of a high purity quartz sand manufacturing process.

Funding: $2,000,000 | Visit their website

Wide Open Agriculture Pty Ltd

Development of a plant-based milk production facility.

Funding: $5,000,000 | Visit their website

Yuri Operations Pty Ltd*

Development of the YURI Renewable Hydrogen to Ammonia Plant.

Funding: $3,000,000 | Visit their website

*Subject to the execution of a Financial Assistance Agreement between the recipient and the State in accordance with the Industry and Technology Development Act 1998.

Distribution by region

Distribution by priority sector

Number of proposals

Grant funding 


Get in touch

If you are looking for opportunities in business, investment or trade, contact our experienced team at Invest and Trade WA.

Our in-house experts can support you directly and provide referrals or introductions across our network of overseas offices, industry bodies and government agencies.


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