Industry innovation

We are growing innovative and competitive Australian businesses, industries and regions.

Delivering business innovation programs

Our department and portfolio administer programs and services that support research, collaboration, entrepreneurship and commercialisation.

National Reconstruction Fund (NRF)

The Australian Government established the National Reconstruction Fund Corporation (NRFC) to support priority areas of the Australian economy. It will provide finance in the form of debt, equity and guarantees to su...

Industry Growth Program

This program provides advice and grant funding for innovative small to medium enterprises and startups to commercialise their ideas and grow their businesses. Projects must align with NRF priority areas.

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 program

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

Guiding industry innovation

These entities guide innovation policy and program delivery.

Industry Innovation and Science Australia

We are an independent statutory board of entrepreneurs, investors, researchers and educators.


AusIndustry provides a connection between small and medium size business and government.

Supporting innovative industries


Innovation supports our efforts to strengthen Australian manufacturing.

Critical minerals

We’re accelerating Australia’s critical minerals sector to enable clean energy technologies.


We’re supporting innovation in Australia’s critical and emerging technology industries.

Industry innovation news

Industry Innovation and Science Australia

Industry Innovation and Science Australia (IISA) releases 2022–23 annual report

Find out about IISA’s activities and performance over the last financial year.
Industry Innovation and Science Australia logo
Industry Innovation and Science Australia

New insights on barriers to innovation highlight Australia’s missing band of medium-sized businesses

Improving Australia’s capacity to be resilient and to grow the economy requires more innovative small businesses scaling up.
Man using a robotic hand while 2 other people watch
Industry Innovation and Science Australia

Industry Innovation and Science Australia (IISA) report highlights barriers to collaboration and commercialisation

Find out about the challenges Australian businesses face and ideas to remove those barriers.
A woman in a small warehouse leans against some equipment. A man behind her lifts a tray of plants off a shelf.

Industry Growth Program launches advisory service

The Industry Growth Program is officially open for business. Start-ups and innovative small-to-medium businesses can now apply for expert advice on getting their ideas to market.
Conceptual image of blue computer chip.
National Reconstruction Fund

Launching the National Reconstruction Fund website

Visit for updates from the NRF Corporation.
Dr Katherine Giles and a colleague wearing their company’s uniform appear in front of a computer,

OncoRes Medical revolutionising breast cancer surgery

The company is improving patient outcomes with support from our Biomedical Translation Fund venture capital program and Cooperative Research Centres Projects program.
Man holding a smartphone with a chatbot graphic overlay.

Tech funding to support SME engagement with modern awards

$2.5 million in BRII workplace relations grants will make it easier for small business to navigate the modern awards system. Applications close 6 December 2023.

Data and program evaluation

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