Home topics news Credit: Helena Lopes News News Industry Growth Program launches advisory service for SMEs Yajush Gupta November 28, 2023 The Industry Growth Program has rolled out a game-changing advisory service, aiming to empower startups and innovative small-to-medium enterprises (SMEs) on their journey to market success. The program introduces a national network of Industry Growth Program Advisers, designed to deliver personalized guidance during the pivotal early stages of business development, where translating ideas into profitable products can be particularly daunting. Led by the newly appointed Executive Director, David Chuter, the program not only ensures comprehensive support for advisers but also positions Chuter as the public face of this transformative initiative. His role extends to providing crucial backing to industry partner organizations and leveraging expertise in priority sectors to amplify the program’s impact. What do you get? Effective from 2024, businesses benefiting from the advisory service may seize the opportunity to apply for grants ranging from $50,000 to $250,000, specifically crafted to bolster early-stage commercialization projects. Furthermore, substantial grants ranging from $100,000 to $5 million will be accessible for businesses engaged in commercialization and growth projects, contingent upon alignment with the National Reconstruction Fund’s priority areas. Industry Growth Program Grants will open in 2024. Who is this for? Innovative small and medium enterprises with commercialisation and/or growth projects in one or more of the National Reconstruction Fund priority areas . Recognizing the pivotal role played by innovative SMEs and startups in the economy, the Industry Growth Program is geared towards