Deadline: Ongoing
Industry Growth Program provides an Advisory Service for startups and small and medium enterprises (SMEs) undertaking innovative commercialisation and/or growth projects that are within the priority areas of the Australian Government’s National Reconstruction Fund (NRF) and help build Australia’s manufacturing capability for the future.
The Industry Growth Program supports innovative small and medium enterprises undertaking commercialisation and/or growth projects.
Through the program, you will be connected to an Adviser who will:
- help you test your business model and help you overcome challenges with your innovative project
- work with you to develop recommendations for commercialisation and growth priorities and strategies
- consider suitable pathways for support and funding, which may include an Industry Growth Program grant opportunity.
What do you get?
- Eligible businesses will be connected with an Industry Growth Program Adviser. The Adviser will provide specialised advice to support your commercialisation and growth opportunities and priorities.
- Once you have received this advice, you may choose to apply for:
- grants of $50,000 to $250,000 to support early-stage commercialisation projects
- grants of $100,000 to $5 million for commercialisation and growth projects.
Who is this for?
- SMEs who have an innovative commercialisation and/or growth project that will help build manufacturing capability in one or more of the government’s priority areas for the NRF:
- value-add in resources
- value-add in agriculture, forestry and fisheries
- transport
- medical science
- renewables and low emissions technologies
- defence capability
- enabling capabilities
- Minor changes or improvements to existing products or services are not considered innovative.
Eligible Entities for Advisory Services
- You can apply if you:
- have a combined annual turnover of less than $20 million for each of the 3 financial years before lodging your application
- have an Australian business number (ABN)
- are not exempt from paying income tax
- are registered for the goods and services tax (GST)
- You must also be one of the following:
- a company incorporated in Australia
- a co-operative
- an incorporated trustee applying on behalf of a trust
Ineligible
- an individual
- a partnership
- a trust (however, an incorporated trustee may apply on behalf of a trust)
- a Commonwealth, state or local government agency or body (including government business enterprises)
For more information, visit Australian Government.
