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.

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

More news
Close up of a hand holding a light bulb with an abstract network overlay

$1.43 million for safe drinking water, wine packaging and energy efficiency in commercial fishing

Innovative solutions funded through the Business Research and Innovation Initiative (BRII) Renewables and Low Emissions round.
Deputy Head of Mission, Peter Roberts, from the Australian Embassy in Tokyo at ILS 2024

Innovative Aussie startups pitch to corporations and venture capitalists in Japan

A record number of 33 Australian companies participated at the 2024 Innovation Leaders Summit (ILS) in Tokyo last week.
Visual representation of data nodes and motes of light
Industry Innovation and Science Australia

Industry Innovation and Science Australia (IISA) releases 2023-24 annual report

Find out about IISA’s activities and performance over the last financial year.
Inside a white display room, two people look at a plant sensor which has been placed inside a small round garden bed.

Myriota is helping businesses connect with their remote operations for less

Right Click Capital is supporting the innovator’s low-cost, low-power remote monitoring solutions.
Conceptual image of blue computer chip.

National Reconstruction Fund Corporation invests $40 million in manufacturing

This marks the start of the corporation’s investments in Australian industry.
AMSL founders Siobhan Lyndon (L) and Andrew Moore (R) in front of the Vertiia prototype aircraft

Australian zero-emissions aircraft concept to decarbonise aviation

AMSL Aero's Vertiia aircraft attracts investment from IP Group Australia to support further development.
Dump trucks at a mine.

$55 million to support industry-led innovation

Round 16 of the Cooperative Research Centres Projects (CRC-P) grant funding will support 23 projects across Australia.

Featured publications

More publications

Industry Innovation and Science Australia annual report 2023–24

IISA is an independent board that provides strategic advice to government on industry, innovation, science and research matters. IISA also monitors and oversees several innovation programs through five committees.

Australian innovation statistics

The Australian Innovation Statistics (AIS) tracks the conditions for creating and adopting new technologies and knowledge in Australia, and their impacts on economic productivity.

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.

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

More information

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

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