Industry Growth Program: Early-Stage Commercialisation

The Industry Growth Program has been established to support innovative Small and Medium Enterprises (SMEs) undertaking commercialisation and/or growth projects within the National Reconstruction Fund (NRF) priority areas. Participating businesses will have access to Advisory Services to help them overcome the significant challenges that may be associated with their projects.

Early-stage commercialisation projects are intended to include the journey from feasibility studies and the development of proof-of-concept through to the production and testing of early prototypes in a simulated or theoretical environment. Testing should validate the commercial viability of the innovative product, process or service.

Participants in the Advisory Service may apply for Commonwealth grant funding to support early-stage commercialisation projects.

Early-stage commercialisation is a formative stage in the development where your innovative product, process or service is translated, tested, developed and then refined and demonstrated.

The objective of the Early-Stage Commercialisation grant opportunity is to help businesses to undertake the steps necessary to establish the commercial viability of an innovative product, process or service, including steps to undertake feasibility and proof-of-concept through to prototyping.