The new Commonwealth Industry Growth Program for SMEs and startups will launch later this year.
It will provide advice and matched grant funding for SMEs and startups to commercialise their ideas and grow their businesses.
Projects in the priority areas of the National Reconstruction Fund will be eligible for the Industry Growth Program:
- renewables and low emissions technologies
- medical science
- value-add in the agriculture, forestry and fisheries sectors
- value-add in resources
- defence capability
- enabling capabilities.
In preparation for the new program the Entrepreneurs’ Programme has now closed.
All applications submitted to the Entrepreneurs’ Programme prior to closure will be assessed and honoured if eligible. All existing grant agreements will be honoured, and recipients may finish their projects as agreed.