Business Opinion

Australia’s Industry Growth Program

Written by Advance Global Australians | Jun 13, 2024 4:11:17 AM

Enhancing Australia’s industrial and manufacturing capacity while bolstering resilience stands as a primary objective for the Australian Government. In pursuit of this goal, The Department of Industry, Science and Resources is crafting an initiative aimed at assisting forward-thinking SMEs in surmounting the growth hurdles commonly encountered by emerging enterprises. Advance submitted to support this initiative, offering some lessons learned, focusing on the topic of Research Commercialisation.

Advance supports the establishment and execution of an emerging industry growth program. In this submission, Advance provides informed perspectives on the following topics:

  1. Criteria for qualification
  2. Matters concerning ownership
  3. Associations with tax policy
  4. Ancillary support initiatives

Read the full submission here.