The Australian Government’s $400M Industry Growth Program (IGP) is making real progress in strengthening Australian manufacturing.
The program has distributed more than $26 million to 20 businesses, bringing fresh ideas to life through innovative support mechanisms and targeted funding.
How Industry Growth Program (IGP) Drives Innovation
The Industry Growth Program (IGP) uses a multi-layered approach to support new technology development:
Expert Advisory Services
- Dedicated advisers give personalised guidance
- Help with bringing new products to market
- Build networks for business growth
- Guide companies through funding options
- Support market testing strategies
Strategic Grant Funding
- Early-stage Commercialisation Grants ($50,000 to $250,000):
- Tests if new ideas can make money
- Supports proof-of-concept work
- Funds initial market studies
- Commercialisation and Growth Grants ($100,000 to $5 million):
- Backs market-ready projects
- Helps scale proven ideas
- Supports international expansion
The funding is offered on a matched funding basis, meaning the businesses receiving a grant through the program are required to contribute an equal amount of funds (on a dollar-for-dollar basis) to match the government’s contribution.
Priority Manufacturing Sectors
The Industry Growth Program targets five main areas that drive Australian manufacturing forward:
Robotics and Automation
- Advanced robotics for military uses
- Conservation project automation
- Industrial process improvements
- Smart manufacturing systems
Medical Manufacturing
- New dental diagnostic tools
- Medical device production
- Biotech innovations
- Patient treatment technologies
Defence Manufacturing
- Military-grade robotics
- Autonomous systems
- Surveillance technology
- Defense equipment production
Mining Innovation
- Equipment management systems
- Sustainable mining practices
- Resource extraction efficiency
- Safety improvement technologies
Agricultural Advancement
- Plant-based protein development
- Farming automation tools
- Smart farming systems
- Sustainable food production
Innovation Requirements
To get funding, projects must:
- Create new or significantly better products
- Show clear market potential
- Bring fresh solutions to existing problems
- Match National Reconstruction Fund priorities
- Show readiness for commercialisation
Making Australia Stronger
The IGP aims to achieve several key outcomes:
- Build stronger commercialisation skills in businesses
- Open doors to national and international markets
- Prepare companies for future investments
- Create more local jobs
- Build robust supply chains
The Government stated that the Industry Growth Program stands as a strong initiative of their government, supporting local manufacturing and innovation.
Also read The Urgent Need for Government Grants for Struggling Businesses Amid Rising Insolvencies
Expert Support Network
Two major organizations provide specialised guidance:
- Advanced Manufacturing Growth Centre (AMGC)
- Guides businesses through growth stages
- Focuses on transport, defense, and resource projects
- Helps turn ideas into real products
- AusBiotech
- Helps biotech companies grow
- Gives advice on bringing medical products to market
- Supports Australian medical innovation
Getting Started
The IGP stays open all year for businesses ready to grow. Here’s what to know:
- First step: Get free expert advice through the Advisory Service
- Next: Apply for grants that match your project size
- Contact Pattens Group for an obligation-free chat
This program shows how Australian manufacturing keeps moving forward. By combining expert advice with substantial funding, the IGP makes sure Australian businesses can turn innovative ideas into market-ready products.
The mix of guidance and financial support means Australian companies can speed up their path to success. As more businesses join the program, Australia’s position in global manufacturing continues to strengthen.
For business owners with big ideas, the IGP offers a clear path forward. With year-round applications and expert help available, now’s the time to turn those ideas into reality.
