Industry Growth Program launches but wait for grants continues

Brandon How

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 treating universities and research institutions as the source and supply of innovation, and should be re-orientated to helping bolder, export focused businesses to scale.

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