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)

This new corporation will provide businesses with finance in the form of debt and equity for projects in priority areas.
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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.
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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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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.
Moving train in focus with blurred background
Office of National Rail Industry Coordination

National Rail Manufacturing Plan appointments to lead change in the rail manufacturing industry

The National Rail Manufacturing Advocate and Rail Industry Innovation Council will work closely with the Office of National Rail Industry Coordination.
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.

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