49 local innovators supported by New Industries Fund grants

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Meet the most recent Innovation Booster Grant (IBG) and first ever Commercialisation Bridge Grant (CBG) recipients.
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The Innovation Booster Grant (IBG) and brand-new Commercialisation Bridge Grant (CBG) programs have delivered $3.5 million in grant funding to 49 local companies.

21 of the recipients are female founders, 7 are based in regional Australia and 2 are First Nation businesses, reflecting the broad diversity of the local innovation ecosystem.

38 local businesses have received an IBG, each receiving up to $40,000 in grant funding. The grant will assist them to overcome some of the barriers along the way to commercialising, as well as to build new relationships with innovators, consultants and service providers.

View the recipients of the IBG on the 2024 IBG recipients page.

In its first ever round, 11 companies received support through the CBG program. Designed to assist WA innovators in bridging the gap between a commercialised innovation and a sustainable, scalable business, the CBG offers up to $200,000 in matched funding, helping to create more jobs and drive economic diversification for Western Australia.

View the recipients of the CBG on the 2024 CBG recipients page.

The $25.8 million New Industries Fund is aimed to support collaboration and relationships between innovators in Western Australia. Both programs are still open for application – find more information on the New Industries Fund grants page.