The Australian Government's Industry Growth Program, run by the Department of Industry, Science and Resources, offers matched grants of $50,000 to $250,000 for early-stage commercialisation (TRL3-TRL6) and $100,000 to $5 million for commercialisation and growth (TRL4-TRL9). Eligible applicants are innovative SMEs and startups with combined annual turnover under $20 million in each of the three financial years before applying, working in the National Reconstruction Fund's seven priority areas (value-add in resources; agriculture, forestry and fisheries; transport; medical science; renewables and low-emissions tech; defence capability; enabling capabilities). As of mid-2026 business.gov.au states the program is paused to new applications.
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Industry Growth Program: federal commercialisation grants $50k-$5M (currently paused)
Why this matters for founders
This is the flagship national grant for deep-tech and priority-sector founders, and it also includes free specialist commercialisation advice, so it is worth preparing for even while paused. Check whether your product maps to one of the seven priority areas and confirm your three-year turnover history stays under $20M, then have your feasibility or prototype milestones and co-investment plan ready so you can apply quickly when it reopens.
Source: business.gov.au
SaaS / SoftwareHealthtechHardware / IoTManufacturing #government-grant#commercialisation#deep-tech#r-and-d#matched-funding#fundraising#finance#product
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