The $1.5 billion Future Made in Australia Innovation Fund aimed at supporting the transition to net zero is now open for applications.
Launched in December 2025, the ARENA-administered fund is an ongoing, open program with grant funding available across three priority areas:
> $750 million to ‘green’ metals including iron, steel, alumina and aluminium;
> An initial tranche of $200 million to renewable energy technology manufacturing to enable development of technologies seeking to alleviate critical supply chain challenges facing the clean energy transition; and
> $250 million to low carbon liquid fuels including sustainable aviation fuels and renewable diesel.
Successful projects are expected to achieve one or more of the following program outcomes:
> Increase uptake of the technologies through innovation and commercialisation activities;
> Improve Australia’s capability and capacity to produce or manufacture the technologies;
> Support and/or contribute to stronger supply chains to enable increased use of the technologies; and
> Improve knowledge, skills and/or workforce participation associated with the technologies.
The program’s guidelines are available here – and answers to frequency asked questions here.
For more information on each of the three priority areas – and to register for a series of upcoming webinars – click on the links below.
FMA Innovation Fund Priority: Low Carbon Liquid Fuels
FMA Innovation Fund Priority: Renewable Energy Technology Manufacturing