Industry Growth Program open for business
Supporting start-ups and innovative small-to-medium businesses to commercialise and grow their ideas.
Have a great idea but not sure how to turn it into a profitable product? The Australian Government’s new Industry Growth Program is here to help. As part of stage one of the program, start-ups and small-to-medium businesses can apply for expert advice to support getting their good ideas to market.
What do you get?
You will be connected to an Industry Growth Program Adviser who will provide tailored advice to support your commercialisation and/or growth project.
Once you have received this advice, you may also be able 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.
Industry Growth Program Grants will open in 2024.
Who is this for?
Innovative small and medium enterprises with commercialisation and/or growth projects in one or more of the National Reconstruction Fund priority areas.
What is the Industry Growth Program?
The Industry Growth program supports start-ups and innovative small-to-medium enterprises (SMEs) to undertake commercialisation or growth projects within the National Reconstruction Fund priority areas.
Stage 1 of the program allows SMEs to receive advice from industry experts on:
- commercialisation and growth strategies
- funding avenues
- market testing
- business models
- building networks.
Stage 2 of the program will provide matched grant funding for SMEs who are operating in priority areas identified under National Reconstruction Fund.
How to apply
You can apply for expert advice (stage 1) now.
Applications for grant funding (stage 2) are expected to open in early 2024.