Industry Growth Progam

Published in the Research School of Physics Event Horizon
Vol48 Issue47 27 November–1 December 2023

What is launching on the 27 November 2023?
The Industry Growth Program is now open, with startups and innovative small and medium businesses able to apply for expert advice on their commercialisation and growth projects. The Industry Growth Program enables eligible SMEs to receive advice from industry experts, with a particular focus on the early stages when businesses often have difficulty turning innovative ideas into profitable products, processes and services. A national network of advisers is being established to provide guidance on seeking investment, market testing, business models and networking.

When will the grants launch?
The Industry Growth Program’s advice service is complemented by two grant opportunities, expected to launch in early 2024:

• matched grants of $50,000 to $250,000 to support early-stage commercialisation projects
• matched grants of $100,000 to $5 million for commercialisation and growth projects.

Businesses will need to go through the advice service prior to applying for a grant.

Important information 
Important links for the Industry Growth Program can be found via:

• Industry Growth Program - https://business.gov.au/grants-and-programs/industry-growth-program
• Industry Growth Program guidelines - https://business.gov.au/grants-and-programs/industry-growth-program#key-documents 

Leanne McLaughlin is our ACT based AusIndustry representative and should be your first POC for learning more about this program.