Australia’s Industry Growth Program

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 made a submission to support this initiative, offering some lessons learned from our most recent Town Hall, focusing on the topic of Research Commercialisation.

Advance supports the establishment and execution of an emerging industry growth program. In May 2023, Advance’s Global Town Hall focused on the topic of research commercialisation, bringing together the perspectives of our members and Australian decision-makers.

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.