New Industries Fund

The New Industries Fund was announced in November 2017 as a $16.7 million fund over 4 years that will support and accelerate new and emerging businesses to diversify the Western Australian economy and create new jobs and industries.

The WA Government is committed to diversifying our economy to create more jobs for Western Australians.

We recognise that innovation drives growth and creates new industries.

Western Australia is a diverse state, seen through our people, our land and our knowledge. Diversity is essential in innovation. Innovation needs all genders, young and mature, and people from all backgrounds and experiences.

We have committed to a range of initiatives to support and accelerate new and emerging businesses and encourage innovation to thrive.

This website invites you to link up with like-minded individuals and organisations and find opportunities that will transform Western Australia through innovation.

It is designed to showcase the journeys of successful innovators, the lessons they have learned and the people and services who helped them along their way. It serves as a place that provides information so that people - whether innovators (new or experienced), investors, service providers, or customers - can make more informed decisions about the next step of their own innovation journey.

  • SHARE – share stories and photos about WA innovations, on your favourite social media, using the hashtag #NewIndustriesWA.
  • EXPERIENCE – read the showcases about innovative products and how they could benefit you and your family now or in the future.
  • BE INSPIRED – follow some great innovators to inspire you on your journey, and learn what services have helped others on their journey.
  • INVEST – view the current opportunities available to invest in or support great ideas.
  • PARTICIPATE – view events that are happening around WA, such as information or training sessions, hackathons, and innovation programs.
  • FEEDBACK – get involved by giving us your ideas on how we can support the sector, or seeking more information.

Regional innovation

$4.5 million from the New Industries Fund was allocated to regional areas, via the Department of Primary Industries and Regional Development.

In November 2017, Regional Development Minister Alannah MacTiernan MLC conducted a Regional Innovation Summit in Bunbury to kick start this process, with the Regional New Industries Fund (RNIF) then officially launching in March 2018 at Pollinators, Geraldton. 

The RNIF’s new GroundSwell program supports regions to create local jobs through technology-driven projects and assisting regional entrepreneurs to build globally competitive businesses. Read the media statement ‘GroundSwell projects announced at Regional Innovation Summit’ for more information on the recipients awarded in September 2020.

For more information about the RNIF and to discover the businesses who have been awarded funding, please visit the Department of Primary Industries and Regional Development website.

Announcements

Page reviewed 9 April 2021