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. ## 🎯 **Purpose and Scope** This program is designed for participants in the Industry Growth Program Advisory Service to fund specific commercialisation and growth initiatives. This includes developing marketplace entry strategies, accelerating growth, and scaling up into national and international markets. ## 📝 **Eligibility Criteria** Applicants must meet stringent criteria to qualify: * Hold an Australian Business Number (ABN). * Be non-income-tax-exempt and registered for Goods and Services Tax (GST). * Be incorporated in Australia as a company, co-operative, or an incorporated trustee applying on behalf of a trust. * Have a combined annual turnover of less than $20 million for each of the three financial years prior to application lodgement. * Have received a report through the program’s Advisory Service. * Own or have access to all necessary Intellectual Property (IP) for the project, and exclusive rights to commercialise any IP generated. * Demonstrate financial capacity to fund their share of eligible project expenditure, supported by a funding strategy, bank statements/loan agreements, and an accountant declaration. ## 📊 **Selection and Application** This is an **Open Non-competitive** grant program. There is no specified Total Available Funding. ## 📞 **Further Information** For assistance and detailed application instructions, visit the business.gov.au portal at [https://portal.business.gov.au/](https://portal.business.gov.au/) or contact them via phone (13 28 46), email, or web chat. **Keywords:** Australia, SME, small and medium enterprises, commercialisation, growth, business development, market entry, scaling up, innovation, funding, startup, expansion, manufacturing, technology, intellectual property.