Industry innovation

We are growing innovative and competitive Australian businesses, industries and regions.

Delivering business innovation programs

Our department and portfolio administer programs and services that support research, collaboration, entrepreneurship and commercialisation.

National Reconstruction Fund (NRF)

The Australian Government established the National Reconstruction Fund Corporation (NRFC) to support priority areas of the Australian economy. It will provide finance in the form of debt, equity and guarantees to su...

Industry Growth Program

This program provides advice and grant funding for innovative small to medium enterprises and startups to commercialise their ideas and grow their businesses. Projects must align with NRF priority areas.

Business Research and Innovation Initiative (BRII)

BRII grants encourage businesses to develop innovative solutions to government challenges.

Cooperative Research Centres (CRC) Grants

CRC Grants support medium to long-term collaborative research for up to 10 years.

Cooperative Research Centres (CRC) Projects grants

CRC Project grants support short-term collaborative research for up to 3 years.

Critical Technologies Challenge Program

Encouraging quantum solutions to Australia’s most significant national challenges.

Research and Development (R&D) Tax Incentive

The R&D Tax Incentive stimulates business investment in R&D through tax offsets.

Venture capital program

We provide venture capital tax benefits to encourage investment in innovative early-stage businesses.

Find government funding and support

Access more information, grants, services and support from all levels of government on business.gov.au

Guiding industry innovation

These entities guide innovation policy and program delivery.

Industry Innovation and Science Australia

We are an independent statutory board of entrepreneurs, investors, researchers and educators.

AusIndustry

AusIndustry provides a connection between small and medium size business and government.

Supporting innovative industries

Manufacturing

Innovation supports our efforts to strengthen Australian manufacturing.

Critical minerals

We’re accelerating Australia’s critical minerals sector to enable clean energy technologies.

Technology

We’re supporting innovation in Australia’s critical and emerging technology industries.

Industry innovation news

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Industry Growth Centres Initiative ends

The centres were drivers of innovation, productivity and competitiveness in 6 key growth industry sectors.
Illustration of a light globe, computer circuity and code.
Industry Innovation and Science Australia

New members appointed to Industry Innovation and Science Australia

These appointments will expand the breadth and depth of IISA’s experience and connections across the innovation ecosystem.
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Industry Innovation and Science Australia

Mr Peter Rossdeutscher AM appointed as Chair of Industry Innovation and Science Australia

Accomplished executive, with over 2 decades of expertise in Australia’s innovation ecosystem, appointed Chair of Industry Innovation and Science Australia.
A man and women standing in a workshop, reviewing notes on a clipboard.

New IGP funding will power up battery, drilling and agtech technology

The Australian Government has awarded $2.5 million in funding from the $392 million Industry Growth Program (IGP).
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Funding for business and research collaborations to solve community and economic problems

Round 17 of the Cooperative Research Centres Projects (CRC-P) Grants are now open. Applications close 20 March.
BiVACOR founder Daniel Timms (centre) with OneVentures Executive Director Dr Paul Kelly (left) and Thomas Ginty (right) from the Department of Industry, Science and Resources

Plumbing the heart with BiVACOR

BiVACOR’s Total Artificial Heart could revolutionise how we treat heart failure, with OneVentures supporting the company’s goal.
Two researchers in a lab. In the background a man is sitting at a computer and in the foreground a woman is looking at the camera while working on a battery device.

Innovative crop harvester, faba bean and firefighting robot projects get IGP grants

The Australian Government has awarded over $26.5 million in grant funding to date from the $392 million Industry Growth Program (IGP).
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Australian innovation statistics

The Australian Innovation Statistics (AIS) tracks the conditions for creating and adopting new technologies and knowledge in Australia, and their impacts on economic productivity.

Industry Innovation and Science Australia annual report 2023–24

IISA is an independent board that provides strategic advice to government on industry, innovation, science and research matters. IISA also monitors and oversees several innovation programs through five committees.

Barriers to collaboration and commercialisation

Industry Innovation and Science Australia looked at barriers for small and medium businesses to commercialise innovative ideas in Australia.

Venture capital dashboard

The interactive venture capital dashboard provides key statistics on Australian venture capital funds and investments.

Data and program evaluation

The Office of the Chief Economist evaluates the performance of our programs to ensure they are supporting industry innovation.

Program evaluation reports

Business analysis and research reports

More information

Learn about how we are supporting innovation in Australia’s critical and emerging technology industries

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