Overview
We’re seeking your views on the development and implementation of the Industry Growth Program.
The Industry Growth Program is designed to support innovative small and medium enterprises to commercialise ideas and expand their businesses.
The program will complement the National Reconstruction Fund (NRF) by driving early-stage investment in NRF priority areas:
value-add in resources
value-add in the agriculture, forestry, and fisheries
transport
medical science
renewables and low emission technologies
defence capability
enabling capabilities.
The program will take an agile and industry-led approach. Key features will include:
Industry Growth Program Advisers
access to industry-led specialist advisory services from industry partner organisations
grant funding for eligible projects.
We’d like your advice on further elements, including:
eligibility criteria for businesses and projects
diversity and inclusion
industry partner organisations
governance and grant assessment
program design to meet intended outcomes
post-program reporting obligations
alignment with other initiatives.
Your response will inform final program design and help us:
maximise the value participants gain from the advisory service
improve the application process
ensure data collation is optimised for program insights and impact evaluation
ensure support is targeted where most needed and impactful
prepare clear guidelines for program proponents
consider diversity and inclusion impacts.