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.

Critical Technologies Challenge Program

Encouraging quantum solutions to Australia’s most significant national challenges.

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

Photo of Earth from space showing Australia with swirling atmosphere

Net zero sector plans for industry, resources and the built environment

We are developing plans to help major sectors transition to a net zero economy. These will support the Australian Government’s Net Zero Plan.
Photo of manufacturing workers working with metal in a factory.

Investments to position Australia as a world leader in green metals production

As part of the 2024-25 May Budget, the Australian Government announced it will invest in measures to help decarbonise iron, steel, alumina and aluminium.
Diverse group of people all with a part of a jigsaw puzzle symbolising team work and solving challenges.

Critical tech funding to solve some of Australia’s most significant challenges

$36 million Critical Technologies Challenge Program (CTCP) invites solutions to market-led challenges in energy, medical, autonomous systems and resources. Applications close 2 July 2024…
Image shows a woman in a factory. She is standing next to the control panel for a machine tool, smiling and looking towards the camera.

Helping small businesses through new Industry Growth Program grant opportunities

Industry Growth Program grant opportunities are now open for innovative startups and small and medium enterprises (SMEs).
Close up photo of wheat.

Grants to support community and economic priorities through collaborative research

Round 16 of the Cooperative Research Centres Projects (CRC-P) grant is now open. Applications close 5 June.
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New plan to support Australian medical manufacturing

The plan will inform investment and other actions for manufacturing in this priority area of the economy.
Andrew Bate (left) and colleagues on a farm

SwarmFarm Robotics is transforming the future of farming

The company is helping Australian farmers use cutting edge tech with support from our Early Stage Venture Capital Limited Partnership program and Tenacious Ventures.

Data and program evaluation

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

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