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The Industry Growth Program is a federally funded grant to support small and medium Australian businesses in the early stages of commercialisation or are about to enter substantial growth of an innovative product, process or service.

The Industry Growth Program is governed by the National Reconstruction Fund (NRF) where eligible projects must fall within one of the NRF priority areas:

Value-add in Resources
Value-add in Agriculture, Forestry & Fisheries
Transport
Medical Science
Renewables & Low Emission Technologies
Defence Capability
Enabling Capabilities

The program is divided into two grant opportunities:

Early-stage Commercialisation – Projects that include an innovative product, process or service that are currently undertaking feasibility studies and the development of a proof-of-concept, through to production and testing of early prototypes. Such innovative products would currently have a Technology Readiness Level (TRL) of TRL3 to TRL6.
Commercialisation & Growth – A project with an innovative product, process or service that can demonstrate completed feasibility studies and completed proof-of-concepts, including the capability to scale such a product to its full rate of production and expand into new markets. Such innovative products would currently have a Technology Readiness Level (TRL) of TRL4 to TRL9.

*Click here to learn more about Technology Readiness Levels.

See below for a full summary of the Industry Growth Program.

Industry Growth Program Grant Summary

Grant Amounts:
Early-stage Commercialisation: $50,000 to $250,000

Commercialisation & Growth: $100,000 to $5 million

Eligibility Criteria:

The applicant must:

Have a valid ABN
Be non-income-tax-exempt
Be registered for GST
Be one of the following entities:
- A company, incorporated in Australia
- A co-operative
- An incorporated trustee applying on behalf of a trust
Have a combined annual turnover of less than $20 million for each of the three financial years prior to the lodgement of the application
Have an innovative product, process, or service that you are seeking to commercialise and/or grow in one or more of the following NRF priority areas:
1. Value-add in Resources
2. Value-add in Agriculture, Forestry & Fisheries
3. Transport
4. Medical Science
5. Renewables & Low Emission Technologies
6. Defence Capability
7. Enabling Capabilities

Eligible Expenses:

Labour expenditure (including labour on-costs and administrative overhead)
- e.g. Employees’ direct labour costs related to the core elements of the eligible project
Contract expenditure
- e.g. Sub-contractors such as electricians or engineers that may be engaged to construct, install, or commission plant or prototypes
Capitalised expenditure
- e.g. Plant, equipment, prototypes, and pilot plant
Travel expenditure
- e.g. Domestic and international travel related to the core eligible project activity

Not all expenditure on your project may be eligible for grant funding. Final eligible expenditure is subject to a grant agreement.

Grant Documents

Program Information Guide

Comparison of Grant Opportunities

Early-Stage Commercialisation – Grant Opportunity Guidelines

Commercialisation and Growth – Grant Opportunity Guidelines

Why use prmpt. as your grant consultant?

We specialise in the development and commercialisation of research and development (R&D) products
prmpt. currently has a number of clients undergoing the Industry Growth Program and have been successful to the first two application stages, now in the final stage of the applications process
We have experience and now a proven track record with this program and delivering results for eligible clients
We manage the entire process for our clients, including:
- Full grant application + detailed plan to market + supporting documentation
- Management of EMDG budget
- Quarterly budget review
- Milestone report submissions
- Negotiation of milestone payments