New Industries Fund

The New Industries Fund (NIF) is a $16.7 million commitment over four years that supports the acceleration of new and emerging businesses in Western Australia, to diversify the 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.

The New Industries Fund is part of the $100 million Investment Attraction and New Industries Fund (IANIF), announced in August 2021. Read the IANIF media statement ‘Investing in new and emerging industries for the jobs of the future’ here.  

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.


Page reviewed 7 September 2021