Industry Growth Program

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐏𝐫𝐨𝐠𝐫𝐚𝐦? The Industry Growth Program (IGP) offers grants ranging from $50,000 to $5 million to help Australian SMEs commercialise new products, scale operations, and drive growth in key sectors such as renewables and medical science. 𝐁𝐚𝐜𝐤𝐠𝐫𝐨𝐮𝐧𝐝 The IGP supports small and medium-sized enterprises (SMEs) in Australia by enhancing their capacity to innovate, bring new products to market, and grow their businesses. This initiative aligns with the priority sectors of the National Reconstruction Fund (NRF), which include advanced manufacturing, renewables, and medical technologies. 𝐎𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞𝐬 Increase the innovative capabilities of Australian SMEs in priority sectors. Support the commercialisation of cutting-edge products and technologies. Foster scalability and business growth through the adoption of advanced processes and technologies. Strengthen Australia's economy by bolstering critical sectors like renewable energy and medical science. 𝐂𝐨𝐫𝐞 𝐄𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 SMEs receive tailored guidance from experienced advisers on how to commercialise new products and manage intellectual property. 𝐄𝐥𝐢𝐠𝐢𝐛𝐥𝐞 𝐄𝐧𝐭𝐢𝐭𝐢𝐞𝐬 To qualify, businesses must: - Have an ABN and be registered for GST. - Be non-income-tax-exempt. - Have a turnover below $20 million in the last three financial years. 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 Grants are available between $50,000 and $5 million, with matched funding on a 1:1 basis, supporting activities like prototype development, market entry, and scaling production. 𝐓𝐢𝐦𝐢𝐧𝐠 Applications for the IGP are open year-round, allowing continuous opportunities for businesses to apply when ready. 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫 Information provided by Bulletpoint, Australia’s #1 government grant consultant. Bulletpoint is not affiliated with the management of the fund.