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.
New round of applications open
New Energies Industries Funding Stream
This specialised Funding Stream is for new energies industries to accelerate WA's energy transition.
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.
Recipients
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.
Recipients
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
Austvolt
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 facilityFunding: $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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