Open NowBusiness
Industry Growth Program: Early-Stage Commercialisation
Department of Industry, Science and Resources · Australia
The Industry Growth Program: Early-Stage Commercialisation provides grants to SMEs to help establish the commercial viability of innovative products, processes or services. Funding supports activities from feasibility and proof-of-concept through to prototyping and investment readiness.
Funding
$50K – $250K
Deadline
Rolling / Ongoing
Location
Australia
Who Can Apply
• Have an Australian Business Number (ABN)
• Be non-income-tax-exempt
• Be registered for the Goods and Services Tax (GST)
• Be a company incorporated in Australia, a co-operative, or an incorporated trustee applying on behalf of a trust
• Have combined annual turnover of less than $20 million for each of the three financial years prior to lodgement
• Have received a report through the program's Advisory Service
• Own or have access to the intellectual property needed to undertake the project
• Own or have the exclusive right to commercialise any IP generated from the project
• Provide evidence of ability to fund at least the applicant share of eligible project expenditure
• Provide an accountant declaration confirming ability to fund the project
To be eligible, applicants must have an Australian Business Number (ABN), be non-income-tax-exempt, be registered for GST, and be one of the following: a company incorporated in Australia, a co-operative, or an incorporated trustee applying on behalf of a trust. Applications are only accepted from participants in the program who have a combined annual turnover of less than $20 million for each of the three financial years prior to lodgement, have received a report through the program's Advisory Service, own or have access to the intellectual property needed for the project and own or have the exclusive right to commercialise any IP generated, and can provide evidence and an accountant declaration showing they can fund their share of eligible project expenditure.
What's Funded
Eligible businesses can use the grant for early-stage commercialisation projects and business activities such as feasibility work, proof-of-concept, prototyping, early testing, and activities that improve investment readiness.Expected Outcomes
Projects are expected to improve commercialisation capability, further develop innovative products, processes or services in preparation for commercialisation, and improve the business's ability to seek and attract investment.Key Information
Applicant Types
companycooperativetrust
Stage
early_stage
Funding Purposes
commercialisationinnovationr_and_d
Keywords
early-stage commercialisationSMEinnovationcommercialisationprototypeproof of conceptfeasibilityinvestment readiness
Frequently Asked Questions
1
What is the Industry Growth Program: Early-Stage Commercialisation?
The Industry Growth Program: Early-Stage Commercialisation is a business grant offered by Department of Industry, Science and Resources in Australia, providing $50K – $250K in funding. The Industry Growth Program: Early-Stage Commercialisation provides grants to SMEs to help establish the commercial viability of innovative products, processes or services. Funding supports activities from feasibility and proof-of-concept through to prototyping and investment readiness.
2
How much funding does the Industry Growth Program: Early-Stage Commercialisation provide?
The Industry Growth Program: Early-Stage Commercialisation provides $50K – $250K in funding.
3
Who is eligible for the Industry Growth Program: Early-Stage Commercialisation?
- Have an Australian Business Number (ABN)
- Be non-income-tax-exempt
- Be registered for the Goods and Services Tax (GST)
- Be a company incorporated in Australia, a co-operative, or an incorporated trustee applying on behalf of a trust
- Have combined annual turnover of less than $20 million for each of the three financial years prior to lodgement
- Have received a report through the program's Advisory Service
- Own or have access to the intellectual property needed to undertake the project
- Own or have the exclusive right to commercialise any IP generated from the project
- Provide evidence of ability to fund at least the applicant share of eligible project expenditure
- Provide an accountant declaration confirming ability to fund the project
4
What activities are funded?
Eligible businesses can use the grant for early-stage commercialisation projects and business activities such as feasibility work, proof-of-concept, prototyping, early testing, and activities that improve investment readiness.
5
How do I apply for the Industry Growth Program: Early-Stage Commercialisation?
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.
Need help applying?
Beta Docs has helped founders secure $160M+ in competitive grants. Our AI platform drafts compliance-perfect applications — and our expert reviewers make sure you stand out.