AUSTRALIA · GRANT
Industry Growth Program: Commercialisation and Growth
Industry Growth Program: Commercialisation and Growth The Industry Growth Program: Commercialisation and Growth, issued by the Australian Department of Industry, Science and Resources, supports Australian SMEs in business development. This grant provides funding ranging from $100,000 to $5,000,000 for high-growth commercialisation and expansion projects. 🎯…
Key facts
- Agency
- Department of Industry, Science and Resources
- Location
- National
- Status
- Open
- Opened
- 02 May 2024
- Closing
- Ongoing
- Funding
- $5M
- Categories
- 261003 - Business Development
Summary and scope
Participants in the Industry Growth Program Advisory Service may apply for Commonwealth grant funding to support specific commercialisation and/or growth projects. The commercialisation and growth stages may include developing marketplace strategies for entry to market, accelerating growth and scaling up into national and international markets. SME’s can apply for grants of $100,000 to $5,000,000 to support commercialisation and growth.
Eligibility
To be eligible you must: have an Australian Business Number (ABN) be non-income-tax-exempt be registered for the Goods and Services Tax (GST) and be one of the following entities: a company, incorporated in Australia a co-operative an incorporated trustee applying on behalf of a trust. We can only accept applications from participants in the program who: have a combined annual turnover of less than $20 million for each of the three financial years prior to the lodgement of the application have received a report through the program’s Advisory Service own or have access to any Intellectual Property (IP) you need to undertake your commercialisation and growth project and own or have the exclusive right to commercialise any IP generated from it can provide evidence of your ability to fund at least your share of eligible project expenditure, such as funding strategy and a bank statement or loan agreement. You must provide an accountant declaration that confirms your ability to fund the project.
Source and freshness
Source update date not provided
Information shown is sourced from public opportunity records. Official buyer documents and addenda take precedence for deadlines, eligibility and submission requirements.