Industry innovation

We are boosting innovation in Australian businesses and building competitive industries.

Business innovation grants and initiatives

Our department administers programs and initiatives that support research, entrepreneurship and commercialisation.

Boosting Female Founders (BFF) Initiative

We help women entrepreneurs grow their startups in national and international markets through the BFF Initiative.

Business Research and Innovation Initiative (BRII)

BRII grants encourage businesses to develop innovative solutions to government challenges.

Cooperative Research Centres (CRC) Grants

CRC Grants support medium to long-term collaborative research for up to 10 years.

Cooperative Research Centres (CRC) Projects grants

CRC Project grants support short-term collaborative research for up to 3 years.

Industry Growth Centres

Industry growth centres are driving innovation, productivity and competitiveness in 6 key growth industry sectors.

Research and Development (R&D) Tax Incentive

The R&D Tax Incentive stimulates business investment in R&D through tax offsets.

Venture capital

We provide venture capital tax benefits to encourage investment in innovative early-stage businesses.

Innovation entities

Entities guiding innovation policy and program delivery.

Data and program evaluation

The Office of the Chief Economist evaluates the performance of our programs to ensure they are supporting industry innovation.

Latest news

Lightbulb in shape of brain with hand underneath
Office of the Chief Economist

Independent evaluation shows benefits of Business Research and Innovation Initiative (BRII)

An evaluation by the Nous Group found the program is good for businesses, the Australian Government and the economy.
Photo of woman working in front of computer monitors in an office. In front of her, there is a see-through panel displaying a map of the world and other data.

Almost $5 million in grants to support innovative RegTech solutions

Five Australian companies share $4,999,340 in grants from the Business Research and Innovation Initiative (BRII). Funding is from the BRII Regulatory Technology (RegTech) round.
Powering Australia Industry Growth Centre (PAIGC)

Powering Australia Industry Growth Centre grant: expression of interest

We are running a competitive grant process to select an entity to deliver the new centre. Grant guidelines are now available. We are accepting expressions of interest.
Abstract graphic includes microscope and test tubes
National Measurement Institute

Importance of measurement recognised in the 2023–24 Budget

The National Measurement Institute (NMI) has received $63.9 million in funding to sustain its core measurement capabilities and to modernise Australia’s measurement laws.
A diverse group of business people watch a female colleague draw business growth projections on a clear window.

Announcing a new Industry Growth Program

As part of the 2023-24 May Budget, the Australian Government announced a new $392.4 million Industry Growth Program for small and medium enterprises (SMEs) and startups.
Conceptual image of blue computer chip.
National Reconstruction Fund

National Reconstruction Fund Corporation Bill passes through Parliament

The Bill establishes the National Reconstruction Fund Corporation.
A digger on a construction site.

$44 million in grants to support industry-led research projects

Round 13 of Cooperative Research Centres Projects (CRC-P) grant funding will support 19 projects across Australia.