Industry Growth Program open for business

Have a great idea but not sure how to turn it into a profitable product? The Australian Government’s new Industry Growth Program aims to support start-ups and innovative small-to-medium businesses to commercialise and grow their ideas.

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.

You can apply for expert advice (stage 1) now – https://business.gov.au/news/industry-growth-program-open-for-business

Applications for grant funding (stage 2) is expected to open in early 2024.