The Australian Government’s Industry Growth Centres Initiative is a strategic, sector based approach to growing our industries and creating jobs. The Initiative targets sectors of competitive strength and strategic priority through six Growth Centres:
- Advanced manufacturing, known as the Advanced Manufacturing Growth Centre (AMGC)
- Cyber security, known as AustCyber
- Food and agribusiness, known as Food Innovation Australia Ltd (FIAL)
- Medical technologies and pharmaceuticals, known as MTPConnect
- Mining equipment, technology and services, known METS Ignited
- Oil, gas and energy resources, known as National Energy Resources Australia (NERA).
This document sets out the Growth Centres impact in three key areas:
- delivering an industry-led strategy
- aligning government activities to industry needs
- delivering targeted activities to grow their sectors.
Each Growth Centre develops a short and long term strategic vision for their sector that identifies challenges and opportunities for growth. This vision is captured in the Growth Centre’s Sector Competitiveness Plan, a 10-year strategy developed in consultation with stakeholders and updated annually to reflect new sector trends. Through the Sector Competitiveness Plans, the Growth Centres focus on four key areas:
- increasing collaboration and commercialisation
- improving international opportunities and market access
- enhancing management and workforce skills
- identifying opportunities for regulatory reform.