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.

Find 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.

Industry Innovation and Science Australia

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

AusIndustry

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

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.

Industry innovation news

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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.

Robotics, batteries and biomanufacturing among first Industry Growth Program grants

The Australian Government has awarded $7.4 million in funding from the $392 million Industry Growth Program (IGP).
People on stage at Australia's AI Sprint
National Artificial Intelligence Centre

AI Sprint winners set to solve national issues with innovative artificial intelligence solutions

Three startups will receive half a million dollars of research and development support to take AI-powered prototypes to market.
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.

Featured publications

More publications

Australian innovation system monitor

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

Barriers to collaboration and commercialisation

Industry Innovation and Science Australia looked at barriers for small and medium businesses to commercialise innovative ideas in Australia.

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)

Read more

More information

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

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