Industry Growth Program

To reflect the SME market and to support innovation, the Australian Investment Council believes it is important for the eligibility criteria for the Industry Growth Program to cover the whole spectrum of SMEs from early-stage incubators to more established businesses that are seeking to grow through developing new products or technologies. Our view is that eligible criteria for SMEs should be defined by the number of employees as 200 or less which is a consistent approach used by the Small Business Innovation Research and Small Business Technology Transfer programs in the United States.

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