The Australian Government’s Industry Growth Program is designed to support Startups and Small to Medium Enterprises (SMEs) in commercialising innovative ideas and scaling their businesses. Whether you’re developing new technology, enhancing manufacturing capabilities, or creating disruptive business solutions, this program can provide the financial and advisory support you need to accelerate your growth.
The program provides an Advisory Service for Startups and SMEs undertaking innovative commercialisation and/or growth projects that are within the priority areas of the Australian Government’s National Reconstruction Fund (NRF) and help build Australia’s manufacturing capability for the future.
What is the Industry Growth Program?
The Industry Growth Program is a government initiative aimed at fostering innovation and business expansion in Australia. It offers targeted support for Startups and SMEs working on groundbreaking projects in key sectors such as advanced manufacturing, technology, and renewable energy.
The program provides businesses with access to expert advice, funding opportunities, and strategic resources to navigate challenges and capitalise on market opportunities.
What Do You Get?
Eligible businesses will be connected with an Industry Growth Program Adviser, who will provide specialised advice to support your commercialisation and growth opportunities and priorities.
Once you have received this advice, you may choose to apply for:
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Grants of $50,000 to $250,000 to support early-stage commercialisation projects.
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Grants of $100,000 to $5 million for commercialisation and growth projects.
Key Benefits for Businesses
Here’s how the Industry Growth Program can help your business:
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Expert Business Advisory Services – Receive tailored guidance from experienced advisors on commercialisation, scaling operations, and accessing new markets. Why choose Azure Group as your preferred Advisor?
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Funding Support – Eligible businesses can apply for co-investment grants to help turn innovative ideas into commercial success.
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Networking & Collaboration – Gain access to a network of industry leaders, research institutions, and investors to drive growth and innovation.
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Risk Mitigation – Get strategic insights to manage business risks, compliance requirements, and operational hurdles.
Who is This For?
The Industry Growth Program is designed for SMEs with an innovative commercialization and/or growth project that will help build manufacturing capability in one or more of the government’s priority areas for the National Reconstruction Fund (NRF):
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Value-add in resources
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Value-add in agriculture, forestry, and fisheries
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Transport
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Medical science
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Renewables and low emissions technologies
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Defence capability
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Enabling capabilities
Minor changes or improvements to existing products or services are NOT considered innovative. These are generally classified as business-as-usual growth and are not eligible under the program.
Who Can Apply?
The Industry Growth Program is open to Australian Startups and SMEs that:
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Are working on innovative projects with high growth potential.
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Operate in sectors aligned with the government’s priority industries.
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Need support in commercialising new technology or expanding operations.
How to Apply
Applying for the Industry Growth Program is a straightforward process:
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Assess Eligibility – Check if your business meets the program criteria on business.gov.au.
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Prepare Your Application – Outline your business objectives, innovation potential, and funding requirements.
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Submit & Engage – Apply through the official portal and work with advisors to refine your business strategy.
Why This Matters for Your Business
Government-backed initiatives like the Industry Growth Program can be a game-changer for businesses looking to scale. By leveraging expert advice and financial support, companies can fast-track their growth, enhance competitiveness, and drive long-term success.
If your business is ready to take the next step, explore the Industry Growth Program today and unlock new opportunities for innovation and expansion.
To find about more about Industry Growth Program visit Government Website here. 
Related: R&D Tax Incentive For Industry 4.0 | The State Of Advanced Manufacturing Capabilities
Why choose Azure Group?
At Azure Group, our personal touch is the key to unlocking exceptional outcomes for our clients. To assist you in accessing the maximum possible refund under the Government Grant scheme, our team of experienced Grant specialists will work closely with you to understand your product and services in detail, ensuring you unlock the true value of your activities.
Azure Group has a proven track record of assisting Startups and SMEs in successfully claiming Government Grants. As champions of the technology, renewable energy, and manufacturing sectors, we take pride in our expertise in securing the R&D Tax Incentive (RDTI) for our clients. Beyond RDTI, we have established a strong reputation in the tech industry, working with innovative clients across multiple disciplines.
If you are unsure about your eligibility or need expert assistance in navigating the grant application process, feel free to contact Azure Group for professional guidance.
Related: Industry 4.0 | Why it matters & How you apply R&D
Have you noticed our #FridayExpertTips... here's one that relates to R&D
"Just because you don't wear a lab coat doesn't mean your innovative business isn't doing R&D experiments that can generate big cash incentives. Talk to our team to see if you might be eligible.”
This article is intended to provide general information only, and is not to be regarded as legal or financial advice. Our conclusions may not be valid if there is any change in those facts, circumstances and assumptions. Accordingly, neither Azure Group Pty Ltd nor any member or employee of Azure Group, undertakes responsibility arising in any way whatsoever to any persons in respect of this alert or any error or omissions herein, arising through negligence or otherwise howsoever caused.
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