The IGP provides advice and matched grant funding opportunities to help scale up early-stage businesses and small and medium enterprises (SMEs).
The program targets industry-led commercialisation in the Australian Government’s priority areas for the National Reconstruction Fund. These priorities drive investment and transformation in Australia’s industry and economy and help build manufacturing capability for the future.
Experienced advisers provide specialised advice to eligible innovative and high growth potential startups and SMEs. This advice helps them develop and commercialise their new products, processes and services. On receipt of their report from the program’s Advisory Service, a business may choose to apply for an Industry Growth Program matched funding grant.
The 20 successful grant recipients to date include:
- Allume Energy: $3.77 million to expand their world first technology that helps people living in apartments increase their solar use.
- Seed Terminator: $3.1 million to scale up technology which helps mechanically destroy weed seeds during harvesting.
- Harvest B: $2.2 million to help develop a gluten-free faba bean plant protein as a meat product alternative.
- Cyborg Dynamics Engineering: $597,000 to further develop robotics industrial grade autonomy stack for military, conservation and firefighting use cases.
AusBiotech and the Advanced Manufacturing Growth Centre (AMGC) are also receiving close to $3.9 million in funding to provide additional Industry Partner Organisation (IPO) services. IPOs provide expert, sector-specific advice to startups, scaleups and SMEs who participate in the Program.
Applications to the Industry Growth Program Advisory Service are open to eligible businesses on an ongoing basis.