Business innovation grants and initiatives
Our department administers programs and initiatives that support research, entrepreneurship and commercialisation.
Innovation entities
Entities guiding innovation policy and program delivery.
Featured publications
Data and program evaluation
The Office of the Chief Economist evaluates the performance of our programs to ensure they are supporting industry innovation.
Strengthening manufacturing through innovation
Latest news

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.

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 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.

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.

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.

National Reconstruction Fund
National Reconstruction Fund Corporation Bill passes through Parliament
The Bill establishes the National Reconstruction Fund Corporation.

$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.