Insights
Is your small or medium-sized business thinking about taking the next big step in growth or innovation? If so, you could be eligible for valuable support through the Federal Government's Industry Growth Program.
Even though the grants are slated to open over the course of 2024, SMEs with projects aligned with the National Reconstruction Fund (NRF) priority areas can start applying now. This opens the door to tailored advice and assistance for:
- Creating innovative products, processes, or services (not just small tweaks to existing ones).
- Navigating early-stage commercialization, from feasibility studies to production, testing, or early prototypes.
- Guiding the commercialisation and growth journey, from initial prototyping to the final product, including scaling up and expanding into new markets
The Industry Growth Program is specifically aimed at key sectors outlined in the National Reconstruction Fund (NRF). These priority areas include:
- Enhancing value in resources
- Adding value in agriculture, forestry, and fisheries
- Advancing transportation
- Innovating in medical science
- Exploring renewables and low emissions technologies
- Strengthening defense capability
- Supporting enabling capabilities
18 Jan 2024
Related insights
Insights
As the 2024 lodgement deadline approaches, we remind you of the importance of submitting your tax returns on time. Failure to meet this deadline may result in penalties and interest charges being applied to your account. In many instances the ATO was lenient on lodgement penalties during the pandemic period...
Nicholas Falzon
Director
Sydney, Newcastle
Insights
The Australian Taxation Office (ATO) is intensifying its efforts to curb instances where business proprietors divert funds or utilise company assets for personal benefit. It's a common occurrence for business owners to blur the lines between their personal and professional lives, often intertwining their personal expenses with those of the...
Nicholas Falzon
Director
Sydney, Newcastle
Insights
To gear up for the Land Tax year of 2024, we’ve put together key information that might prove helpful. The Land Tax rate and thresholds for 2024 are subject to change annually. Previously, the Land Tax thresholds were officially announced on 15 October each year, however, recent legislative amendments have...
Nicholas Falzon
Director
Sydney, Newcastle