About
The Western Australian Government has invested $40 million into the New Industries and Innovation Fund (NIIF) over four years (2025-29) to boost the development and acceleration of innovation-based technologies and their take up in global value chains. The NIIF is administered by the Department of Energy and Economic Diversification.
Building jobs and new industries requires an industry-led approach to innovation and business competitiveness. The New Industries Fund was initially established in 2017 to support a self-sustaining innovation environment that encourages collaboration and private sector investment. This will help grow the State’s competitive advantages and build the skills required for the jobs of the future.
The NIIF is the primary tool for the State to deliver against Western Australia's Innovation Strategy, and is a key enabler of the State’s economic development framework Diversify WA.
The following grants are available to startups, small businesses and venture funds established in WA:
| Grant Name | Open/Closed | Who can apply? | Outcomes | $ |
|---|---|---|---|---|
| Innovation Booster Grant | Closed | WA-based startups and small businesses | Commercialisation of early-stage innovative projects. | Up to $50,000 |
| Commercialisation Bridge Grant | Closed | WA-based startups and small businesses | Assist WA innovators bridge the gap between commercialised innovation and a scalable business. | Between $50, 000 and $250,000 |
| X-TEND | Closed | WA based organisations | Delivery of programs for investors, corporates and regions | Up to $150,000 |
| WA Venture Support (WAVES) program | Closed | For new venture capital funds to set up in WA. | Grow venture capital funds in WA. | Up to $100,000 a year x 3 years |
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