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Industry Growth Program- $392m Industry Fund

Industry Growth Program

An extraordinary opportunity for SME’s and R&D companies!

NEWS BULLETIN | June 29th, 2023


Are you ready to take your business to new heights? We have some exciting news that could transform your company and propel your innovative projects towards success!

Introducing the game-changing Industry Growth Program—an extraordinary opportunity for SME’s and R&D companies like yours to access unparalleled support and funding. Backed by the Albanese government’s visionary $392 million initiative, this program aims to bridge the notorious “valley of death” funding gap that often hampers the growth of promising SMEs and R&D ventures.


So, how can this program benefit your company?

Here’s a glimpse into the opportunities that await you:


  1. Early-Stage Commercialization Support: Are you on the verge of taking your groundbreaking ideas to the market? The Industry Growth Program offers invaluable advice and guidance from experienced IGP advisers who specialize in commercialization strategies. Their expertise will help you navigate the challenges and seize opportunities, ensuring a successful entry into the market.
  2. Matched Grant Funding: We understand that funding is a crucial aspect of bringing your innovative projects to life. That’s why the Industry Growth Program provides access to matched grant funding of up to a staggering $5 million. Imagine the possibilities and resources you could unlock with this financial support!
  3. Access to Industry Partners and Specialized Services: As a participant in the Industry Growth Program, you’ll have the chance to collaborate with esteemed industry partner organizations. These carefully selected partners will offer specialized advisory services tailored to your unique needs, further enhancing your growth potential and market competitiveness.
  4. Align with National Priorities: Your R&D projects can play a vital role in shaping the future of Australia. The Industry Growth Program focuses on priority areas aligned with the $15 billion National Reconstruction Fund, including agriculture, resources, transport, medical science, renewables, defense capability, and enabling capabilities. By participating, you’ll have the opportunity to contribute to national reconstruction efforts and make a tangible impact on these crucial sectors.
  5. Enhance Your Capabilities: The program’s emphasis on commercialization and early-stage business growth means that you’ll not only receive financial support but also gain access to valuable resources and expertise. Elevate your capabilities, build a solid foundation, and position your R&D company as a leader in your field.


This is your chance to thrive in the Australian market and be recognized as a key driver of future economic growth. The Industry Growth Program is your gateway to success! You can read more about it here.

Ready to seize this incredible opportunity? Act now and share your feedback during the ongoing consultation period, which concludes on July 30, 2023. Don’t miss out on shaping the program’s criteria and ensuring it aligns with your needs as a R&D company.

Unleash your R&D company’s true potential with the support and resources offered by the Industry Growth Program. Together with the Australian Government, you can make your groundbreaking ideas a reality!


“expertise you can trust”


Working with Ryan

Ryan has a track record of delivering over $2 billion in tax incentives and grants to clients in the past 30 years. With expertise in software, manufacturing, agribusiness, fintech, health science, cleantech/renewables and FMCG/Food, our business service managers are well equipped to step you through the process.


Schedule an R&D Tax Incentive Health Check with Ryan here.

Give us a call today for assistance with your application.


Ryan can assist with services such as:

  • Scope your potential to claim various grant programs
  • Assist with the preparation and lodgement of grant applications
  • Review or provide a health check on your internally prepared grant applications
  • Establish record-keeping practices as required under various grant programs
  • Keeping industry informed on all new Government policy and grant initiatives

Don’t hesitate to give us a call or schedule a free assessment.