Is this actionable now?

closed. The official program page is paused to new applications as of review. Existing advisory participants may progress to matched grants; no reopening date is published.

Australian-incorporated SMEs (turnover/employee caps) with an innovative project in a National Reconstruction Fund priority area; must first receive IGP advisory support.

What burden and restrictions apply?

Recipients must comply with the governing call or agreement, retain technical and cost evidence, report progress and outcomes, and support audit, tax or milestone verification as applicable. Funds are restricted to the approved work plan, budget, eligible cost categories and award period; unrelated, unsupported, double-funded and noncompliant expenditure is excluded.

Industry Growth Program (IGP)

Matched grants of AUD 50,000-250,000 for early-stage commercialization and AUD 100,000-5 million for commercialization and growth, only after an advisory report. · Department of Industry, Science and Resources (Government of Australia)

Provides SMEs with specialist advice and matched grants to commercialize innovative products/processes and grow their business in National Reconstruction Fund priority areas. Successor to Accelerating Commercialisation. Current lifecycle: closed. Real economics: Matched grants of AUD 50,000-250,000 for early-stage commercialization and AUD 100,000-5 million for commercialization and growth, only after an advisory report..

Tier 2 · ranked #29australiagovernmentcommercializationgrant

Apply Official site Open in the live directory

Key facts

Funder	Department of Industry, Science and Resources (Government of Australia)
Amount	Matched grants of AUD 50,000-250,000 for early-stage commercialization and AUD 100,000-5 million for commercialization and growth, only after an advisory report.
Decision time	Eligibility review, independent committee merit assessment, decision-maker approval and written notice; no service standard is published.
Eligibility	Australian-incorporated SMEs (turnover/employee caps) with an innovative project in a National Reconstruction Fund priority area; must first receive IGP advisory support.
Restrictions	Recipients must comply with the governing call or agreement, retain technical and cost evidence, report progress and outcomes, and support audit, tax or milestone verification as applicable. Funds are restricted to the approved work plan, budget, eligible cost categories and award period; unrelated, unsupported, double-funded and noncompliant expenditure is excluded.
Status	closed

Always confirm on the official page before applying — dates and terms change.

Application process

Register and request advice through the Industry Growth Program
Work with an assigned adviser on commercialisation/growth readiness
If recommended, submit a matched grant application
Assessment and approval
Grant agreement and milestone-based, co-funded disbursement

Background

Department of Industry, Science and Resources (Government of Australia) operates Industry Growth Program (IGP). This pass separates direct cash, repayable finance, credits, incentives and umbrella programs so later ranking does not compare unlike instruments. The program reports 140 grants totaling AUD 209.5 million. An adviser report is mandatory before a grant application. Grants are assessed on merit by an independent committee.

How the application really works

Register and request advice through the Industry Growth Program → Work with an assigned adviser on commercialisation/growth readiness → If recommended, submit a matched grant application → Assessment and approval → Grant agreement and milestone-based, co-funded disbursement

Tips

Show direct fit with National Reconstruction Fund priority manufacturing areas.

Watch out for

Current lifecycle is closed.
Recipients must comply with the governing call or agreement, retain technical and cost evidence, report progress and outcomes, and support audit, tax or milestone verification as applicable.
Funds are restricted to the approved work plan, budget, eligible cost categories and award period; unrelated, unsupported, double-funded and noncompliant expenditure is excluded.

Track record

The program reports 140 grants totaling AUD 209.5 million.
An adviser report is mandatory before a grant application.
Grants are assessed on merit by an independent committee.

The reviewed official corpus does not publish a comparable applicant denominator and selection rate.

Frequently asked questions

Is this actionable now?: closed. The official program page is paused to new applications as of review. Existing advisory participants may progress to matched grants; no reopening date is published.
What is the real economic value?: Matched grants of AUD 50,000-250,000 for early-stage commercialization and AUD 100,000-5 million for commercialization and growth, only after an advisory report.
Who is eligible?: Australian-incorporated SMEs (turnover/employee caps) with an innovative project in a National Reconstruction Fund priority area; must first receive IGP advisory support.
How does selection work?: Register and request advice through the Industry Growth Program; Work with an assigned adviser on commercialisation/growth readiness; If recommended, submit a matched grant application; Assessment and approval; Grant agreement and milestone-based, co-funded disbursement. Eligibility review, independent committee merit assessment, decision-maker approval and written notice; no service standard is published.
What burden and restrictions apply?: Recipients must comply with the governing call or agreement, retain technical and cost evidence, report progress and outcomes, and support audit, tax or milestone verification as applicable. Funds are restricted to the approved work plan, budget, eligible cost categories and award period; unrelated, unsupported, double-funded and noncompliant expenditure is excluded.
What evidence exists?: The program reports 140 grants totaling AUD 209.5 million. An adviser report is mandatory before a grant application. Grants are assessed on merit by an independent committee. The reviewed official corpus does not publish a comparable applicant denominator and selection rate.

Sources

business.gov.au/grants-and-programs/industry-growth-program — Official pause, economics, eligibility and assessment (checked 2026-08-10)
business.gov.au/grants-and-programs/industry-growth-program/grant-recipients — Official 140-award and AUD 209.5 million outcomes (checked 2026-08-10)
business.gov.au/-/media/grants-and-programs/industry-growth-program/cg/industry-growth-program-commercialisation-and-growth-grant-opportunity-guidelines-pdf.pdf?hash=2DD7DC1814A13D140C6F4392F1F59C2A&sc_lang=en — Official detailed matched-grant rules (checked 2026-08-10)