Industry Growth Program

Industry Growth Program — Commercialisation and Growth

Funds Australian small businesses scaling deep-tech products from prototypes toward broader national and global growth.

The Industry Growth Program — Commercialisation and Growth is the larger of the two grant streams run by Australia's Department of Industry, Science and Resources under the Industry Growth Program. It funds matched grants of A$100,000 to A$5,000,000 to eligible SMEs conducting prototyping-through-market-readiness activities at Technology Readiness Levels 4 to 9, including market-entry strategy development, growth acceleration, and scaling into national and international markets. All supported projects must align to one of the seven National Reconstruction Fund priority areas: renewables and low emissions, medical science, transport, value-add agriculture/forestry/fisheries, value-add resources, defence capability, or enabling capabilities.

Eligibility mirrors the Early-Stage Commercialisation stream: the lead applicant must be an Australian-incorporated company, co-operative, or incorporated trustee with an ABN and GST registration, an average annual turnover under A$20 million over the three preceding financial years, and must have completed an advisory engagement with an Industry Growth Program Adviser and received an Advisory Report. Match funding is required — applicants contribute a portion of project costs. The independent Industry Growth Program Committee assesses applications against published merit criteria in the Grant Opportunity Guidelines. As of May 2026, the program is paused to new applications.

The program has cumulatively awarded 133 grants totalling A$201.5 million across both streams. This stream targets companies that already have a working prototype or demonstrable commercial traction and need capital to bridge to market or scale to international customers. Given award sizes up to A$5 million, the Commercialisation and Growth stream is one of the largest publicly available SME commercialisation grants in Australia. Applicants tracking NRF developments should monitor business.gov.au for the program reopening date and engage an Adviser in advance.