Industry Growth Program

Funding available

Matched grants typically from $50,000 to $5 million

Deadlines

Runs in rounds; check business.gov.au for current opening and closing dates.

Who it's for

Innovative Australian SMEs and startups commercialising products, processes or services in the National Reconstruction Fund priority areas.

Overview

The Industry Growth Program supports innovative Australian small and medium enterprises to commercialise and scale. It targets projects aligned with the National Reconstruction Fund priority areas, including value-add in resources, defence capability, clean energy, medical science, and advanced manufacturing.

The program pairs grant funding with advisory services, helping businesses move from prototype through to commercial-scale production. Grants are matched, so applicants typically need to co-fund at least 50% of eligible project costs.

Eligibility

• Australian SME (generally fewer than 200 employees) with an ABN
• Project aligned with a National Reconstruction Fund priority area
• Ability to provide matched (co-)funding for eligible project costs
• Trading commercially and financially viable

How to apply

Applications are lodged through the business.gov.au grants portal. The process is typically two-stage: an initial expression of interest or application, followed by a more detailed full application for shortlisted projects.

Strong applications clearly articulate the commercial opportunity, the technical innovation, a credible path to market, and how the funding bridges a specific gap. Expect to provide financial statements, a project plan, and evidence of matched funding.

Official source & application portal: https://business.gov.au/grants-and-programs/industry-growth-program
Content last verified 2026-09-01. Always confirm current details, amounts and dates with the funding body before applying.