Open NowBusiness
Industry Growth Program
Australian Government · Australia
The Industry Growth Program supports innovative Australian SMEs with advisory services and matched grant funding to commercialise and grow projects in National Reconstruction Fund priority areas. It offers Early-Stage Commercialisation grants and Commercialisation and Growth grants for projects that help build Australia's future manufacturing capability.
Funding
$50K – $5M
Deadline
Rolling / Ongoing
Location
Australia
Who Can Apply
• Must be an eligible entity with an innovative product, process or service intended for commercialisation and/or growth in one or more National Reconstruction Fund priority areas
• Must have combined annual turnover of less than 20000000 for each of the 3 financial years before lodging the application
• Must have an Australian Business Number (ABN)
• Must not be exempt from paying income tax
• Must be registered for goods and services tax (GST)
• Must be one of: a company incorporated in Australia, a co-operative, or an incorporated trustee applying on behalf of a trust
• Must not be an individual, partnership, trust without an incorporated trustee, or a Commonwealth, state or local government agency or body
• Must not be on the National Redress Scheme list of institutions that have not joined or signified intent to join
• Employers of 100 or more employees must have complied with the Workplace Gender Equality Act 2012
• To apply for a grant opportunity, must have received an Industry Growth Program Advisory Service report
• Minor changes or improvements to existing products or services are not considered innovative and are not eligible
For the Advisory Service, applicants must be eligible entities with an innovative product, process or service they intend to commercialise and/or grow in one or more National Reconstruction Fund priority areas. Eligible entities must have combined annual turnover of less than $20 million for each of the 3 financial years before lodging the application, have an active Australian Business Number, not be exempt from paying income tax, and be registered for GST. Applicants must be a company incorporated in Australia, a co-operative, or an incorporated trustee applying on behalf of a trust. Ineligible applicants include individuals, partnerships, trusts without an incorporated trustee, and Commonwealth, state or local government agencies or bodies. Organisations on the National Redress Scheme non-participation list and employers of 100 or more employees that have not complied with the Workplace Gender Equality Act 2012 are also ineligible. To apply for a grant opportunity, applicants must first have received an Advisory Service report. Grant applications are then assessed for eligibility and merit under the relevant grant opportunity guidelines.
What's Funded
Feasibility studies, proof-of-concept work, prototyping, market entry strategy development, scaling activities, market testing, business model validation, and commercialisation and growth projects for innovative products, processes or services in National Reconstruction Fund priority areas.Expected Outcomes
Applicants are expected to demonstrate commercial viability, progress innovative products or services from feasibility and prototyping through to market readiness, accelerate business growth, and build Australian manufacturing capability in priority sectors.Key Information
Applicant Types
companycooperativetrust
Stage
early_stagegrowth
Funding Purposes
commercialisationinnovationr_and_dcapital_expenditureother
Keywords
Industry Growth ProgramcommercialisationgrowthSMEmanufacturingNational Reconstruction Fundinnovationprototyping
Frequently Asked Questions
1
What is the Industry Growth Program?
The Industry Growth Program is a business grant offered by Australian Government in Australia, providing $50K – $5M in funding. The Industry Growth Program supports innovative Australian SMEs with advisory services and matched grant funding to commercialise and grow projects in National Reconstruction Fund priority areas. It offers Early-Stage Commercialisation grants and Commercialisation and Growth grants for projects that help build Australia's future manufacturing capability.
2
How much funding does the Industry Growth Program provide?
The Industry Growth Program provides $50K – $5M in funding.
3
Who is eligible for the Industry Growth Program?
- Must be an eligible entity with an innovative product, process or service intended for commercialisation and/or growth in one or more National Reconstruction Fund priority areas
- Must have combined annual turnover of less than 20000000 for each of the 3 financial years before lodging the application
- Must have an Australian Business Number (ABN)
- Must not be exempt from paying income tax
- Must be registered for goods and services tax (GST)
- Must be one of: a company incorporated in Australia, a co-operative, or an incorporated trustee applying on behalf of a trust
- Must not be an individual, partnership, trust without an incorporated trustee, or a Commonwealth, state or local government agency or body
- Must not be on the National Redress Scheme list of institutions that have not joined or signified intent to join
- Employers of 100 or more employees must have complied with the Workplace Gender Equality Act 2012
- To apply for a grant opportunity, must have received an Industry Growth Program Advisory Service report
- Minor changes or improvements to existing products or services are not considered innovative and are not eligible
4
What activities are funded?
Feasibility studies, proof-of-concept work, prototyping, market entry strategy development, scaling activities, market testing, business model validation, and commercialisation and growth projects for innovative products, processes or services in National Reconstruction Fund priority areas.
5
How do I apply for the Industry Growth Program?
Start by checking your eligibility using the free Beta Docs eligibility checker. If eligible, Beta Docs' AI-powered platform can help you draft, review, and refine your application to maximise your chances of success.
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