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.

Government funding and support

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

Innovation entities

Entities guiding 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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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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Strengthening manufacturing through innovation

Manufacturing

Innovation supports our efforts to strengthen Australian manufacturing.
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Latest news

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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.
AusIndustry

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.

More information

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