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
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.
Abstract depictions of data in blue and purple.
Office of the Chief Economist

The state of Australian innovation in 2024

The new Australian Innovation Statistics (AIS) brings together a range of innovation metrics to provide a better picture of Australia’s innovation performance.
A glowing chipboard behind an icon of a hand holding a moneybag.

What do the latest SRI Budget Tables mean for Australian R&D and innovation?

Read analysis on the latest trends in Commonwealth spending on research and development (R&D).
A glowing outline of Australia behind an icon of a magnifying glass with arrows pointing out from it.
Office of the Chief Economist

How is the Australian innovation system tracking in 2024?

Read analysis on how the Australian innovation system is changing
A businessman and women have a conversation at a table over a laptop.

Industry Growth Program Advisers: second round request for tender

We’re seeking a second round of additional contractors for the Industry Growth Program Advisory Service. Submissions close on 4 October 2024.

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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