The Tools for Reconstruction - Labor's Industry Support Strategy
Anthony Albanese has been sworn in this week as Australia's new Prime Minister. His victory speech and the Australian Labor Party's campaign have given us some insights into what we can potentially expect from the new Government in support of science, innovation and industry.
New grants of $50k to $5 million from the Industry Growth Program
In May’s Federal Budget, the Government launched the Industry Growth Program, an initiative under the Australian industry portfolio. This program aims to provide support to SMEs and startups operating in key industries with advice and matched grant funding ranging from $50,000 to $5 million. The program has a significant budget of $392 million allocated.