Grants now open to support a Future Made in Australia
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Grants of up to $5 million to help innovative startups and high-growth small and medium businesses (SMEs) to commercialise their big ideas are now available through the Industry Growth Program (IGP), a part of the Albanese Government’s a Future Made in Australia agenda.
The IGP grants will translate more world-leading Australian know-how into viable businesses, growing the pipeline of investment-ready projects for the $15 billion National Reconstruction Fund to consider.
These grants will provide targeted support for SMEs across the NRF’s seven priority areas to overcome the challenges associated with growing and scaling up through two grant streams:
Early-Stage Commercialisation grants from $50,000 to $250,000 to help establish the commercial viability of an innovative product, process, or service.
Commercialisation and Growth grants from $100,000 to $5 million to help push ideas from prototyping through to market readiness stages. Grants will help develop strategies for entry to market and scaling up into national and international markets.