Category: Industry Growth Program

May 23, 2024

Experts tapped to assess commercialisation grants

The Australian innovators and experts in command of new $5 million startup grants have been revealed as the Albanese government’s commercialisation program gets underway. The seven experts have decades of collective experience in Australian startups, science, procurement and automation. As the first members of the Industry Growth Program (IGP) Committee, they will be responsible for…

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May 2, 2024

Industry Growth Program grants open, industry partners funded

Small to medium-sized enterprises and startups can now access a share of $287 million in Industry Growth Program funding, with the grants opening to applications following the appointment of the industry organisations that will provide advisory services. The four Industry Partner Organisations (IPO), announced as the grants opened on Thursday, will share in $6.9 million…

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January 26, 2024

On lions, tigers and sheep: Who is driving our industry policy?

Who and what is really driving Australia’s 21st century industry and innovation policy? Is there a clear overarching vision that is executable and sustainable to reverse – or at least soften – the economic bite-back from 60 years of deindustrialisation and innovation commercialisation neglect? Do we even have an industry policy, or merely a poor…

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January 21, 2024

Energy and skills top industry list of concerns: Sussan Ley

Energy price uncertainty and skills shortages top the list of concerns for Australian industry, according to deputy Opposition leader and shadow Industry minister Sussan Ley. She says local industry had been impacted by a funding drought, with former Coalition programs shut down long before replacement initiatives like the National Reconstruction Fund and Industry Growth Program are…

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January 15, 2024

Entrepreneurs’ Programme advisers return for new grants scheme

All but four of the business experts appointed to advise on the federal government’s new Industry Growth Program also provided advice on the now shuttered Entrepreneurs’ Programme. A full list of advisers released by the Industry department on Friday shows 15 of the 19 advisers previously worked on the flagship SME grants and advisory service…

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January 11, 2024

Industry Growth Program appoints familiar new advisers

The federal government has appointed the first 17 advisers for its new Industry Growth Program, many of which delivered similar services under the Coalition’s Entrepreneurs Programme. Of the 17 advisers contracted at a cost of $8.4 million so far, at least four had previously served as industry advisers under the now-shuttered Entrepreneurs Programme (EP). Most…

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December 18, 2023

Defence industry effort must integrate with broader industrial policy

Australia’s defence industry strategy should be more closely aligned to broader industrial development policy in order to build national capability in areas of strategic importance that can quickly scale as the risk of major conflict rises. A new report from ANU’s Strategic and Defence Studies Centre and the national employer association Ai Group argues that…

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November 27, 2023

Industry Growth Program launches but wait for grants continues

The federal government’s industry growth program has opened applications for SMEs and startups to seek commercialisation advice, but firms seeking a share of almost $290 million in new grants must wait until early 2024. The support for smaller businesses comes as the government’s innovation advisory group warns that innovation policy discourse focuses to heavily on…

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November 15, 2023

Advice, admin for Industry Growth Program to swallow $105m

Advice and admin costs will swallow more than 25 per cent of the Industry Growth Program’s $392 million budget, leaving $105 million less in funding for early-stage commercialisation grants. Unveiled in this year’s federal Budget, the program aims to bridge the ‘valley of death’ facing startups and small and medium-sized enterprises working on innovative projects…

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September 22, 2023

David Chuter to lead $392m Industry Growth Program

Former head of the Innovative Manufacturing Cooperative Research Centre David Chuter will take charge of the Albanese government’s $392 million small and medium enterprise commercialisation program next month. Mr Chuter, who led global manufacturing businesses before the CRC, will be the inaugural executive director of the new Industry Growth Program (IGP). Announced in this year’s…

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August 22, 2023

Husic trumpets new era of interventionist industrial policy

Industry and Science minister Ed Husic will use a landmark speech on Wednesday to stitch together the component parts of new thinking on industrial policy that turns 40 years of orthodoxy on its head. A pandemic recovery, geopolitics, and the pressing need to build toward a net zero economy had all come together to force…

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August 10, 2023

With the NRF board settled, all eyes turn to Industry Growth Program

The appointment of a chair and board of directors for the National Reconstruction Fund marks a new phase in the development of the $15 billion co-investment fund that started in March 2021 as an early election commitment from then-Opposition leader Anthony Albanese. With the board in place, the important work can now begin on building…

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July 20, 2023

Govt hunts commercialisation contractors for $392m program

The Industry department has put out a call for contractors to help deliver its $392 million commercialisation program, seeking around 20 individuals to deliver advice and help with grants for the new scheme while also winding down its predecessor program. Individual contractors engaged either directly or through their business entity are being sought to provide…

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