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The Industry Growth Program Is Paused — But the Priority Areas Behind It Still Matter The Industry Growth Program (IGP), one of the most significant non-dilutive funding pathways for innovative Australian SMEs, is currently paused to new applications following the 2026–27 Budget. That's a real loss for businesses commercialising new products in priority areas. But the National Reconstruction Fund (NRF) priority areas behind the program haven't gone anywhere — and understanding them still matters. What the IGP was, briefly The IGP provided an advisory service plus matched grant funding for Australian SMEs commercialising or scaling innovative products, processes, or services...