Industry innovation

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

Delivering business innovation grants and initiatives

Our department administers programs and initiatives that support research, 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 support Australian projects that drive high-value industry transformation.
Visit nrf.gov.au

Industry Growth Program

This new program will provide advice and grant funding for small to medium enterprises (SMEs) to commercialise their ideas and grow their businesses. Projects must align with NRF priority areas.
Learn more

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.

Government funding and support

Access more information, grants, services and support from all levels of government on business.gov.au

Guiding industry innovation

These entities guide innovation policy and program delivery.

AusIndustry

We help your Australian business access government advice and support so you can grow, innovate, and thrive.
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Industry Innovation and Science Australia

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

Manufacturing

Innovation supports our efforts to strengthen Australian manufacturing.

Critical minerals

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

Technology

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

Latest news

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Conceptual image of blue computer chip.
National Reconstruction Fund

Launching the National Reconstruction Fund website

Visit nrf.gov.au 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.
Illustration of the pavilion

Getting ready for the Osaka World Expo 2025

Our department will contribute to the Australian presence at the next World Expo in Osaka, Japan.
Emeritus Professor Cheryl Praeger AC, recipient of the 2019 Prime Minister’s Prize for Science

Where are our Prime Minister's Prizes for Science alumni now?

Each year we recognise outstanding Australian scientists, innovators and educators at the Prime Minister's Prizes for Science. Find out how these inspiring role models are continuing…
Two businesswomen have a conversation at a table with their laptops and coffee.

Industry Growth Program: request for tender

We’re seeking contractors to provide advisory services for the Industry Growth Program. Submissions close on 16 August.
A diverse group of businesspeople look at some business growth projections while sitting around a table with their laptops.

Industry Growth Program: have your say

We want to hear your views on how the Australian Government can design the new Industry Growth Program. Submissions close on 30 July 2023.

Featured publications

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Australian innovation system monitor

The Australian innovation system monitor explores the impact of innovation on business, industry and national performance.

Patents accessibility review

We commissioned Emeritus Professor Raoul Mortley AO to review the accessibility of the Australian patents system. This was part of the Australian Government’s work to improve our intellectual property (IP) framework...

Venture capital dashboard

The interactive venture capital dashboard provides key statistics on Australian venture capital funds and investments.

Venture capital reporting

The interactive venture capital annual reports provide information about the activities of Early Stage Venture Capital Limited Partnerships (ESVCLPs).

Data and program evaluation

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

Program evaluation reports

Business analysis and research reports

Business Longitudinal Analysis Data Environment (BLADE)

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More information

Learn about how we are supporting innovation in Australia’s critical and emerging technology industries