Industry Growth Program

Overview of Competition

The Industry Growth Program supports innovative small and medium enterprises (SMEs) in Australia to commercialise new products, processes, or services and to scale their operations. The program offers two grant opportunities:

1. Early-Stage Commercialisation Grants: For projects at the feasibility study, proof-of-concept, and prototyping stages. Funding ranges from $50,000 to $250,000.
2. Commercialisation and Growth Grants: For projects in the prototyping to market-readiness stages, including market entry strategies and scaling into national and international markets. Funding ranges from $100,000 to $5 million.

Fund Details

The program aims to:

• Support the commercialisation of innovative ideas into new products, processes, or services.
• Enhance the growth and scaling of businesses into national and international markets.
• Improve the ability of businesses to engage in or increase their trading operations.
• Position businesses to seek future investment and scaling opportunities.

Eligibility

To be eligible, applicants must:

• Be an SME with an Australian Business Number (ABN).
• Operate in one of the National Reconstruction Fund priority areas:
• Value-add in resources
• Value-add in agriculture, forestry, and fisheries
• Transport
• Medical science
• Renewables and low emissions technologies
• Defence capability
• Enabling capabilities
• Have received an Advisory Service report from an Industry Growth Program Adviser.
• Be able to meet the co-funding contribution for the grant opportunity.

For more information, visit business.gov.au.