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.