CUREator BioMedTech Incubator Grant

The program provides at least $500 million in funding to support projects across Australia that advance commercial-scale green iron production. Funding is available for both existing facilities and greenfield projects that aim to accelerate and add value to Australia’s iron ore industry.

Program objectives include:

• De-risking early capital investments in green iron production
• Attracting private investment to build a strong green iron industry
• Creating jobs, economic benefits and industry spill overs
• Delivering community benefits aligned with the Future Made in Australia
• Community Benefit Principles, including secure jobs, inclusive workforce development, First Nations engagement, strong local industry and transparent tax compliance.

Intended outcomes:

• Transforming national, regional and local economies through green iron production and related industrial capabilities
• Reducing emissions across the steel value chain in line with global and domestic decarbonisation goals.

Grant funding of up to $5 million per project is available across two stages:

Stage 1: Funding between $1 million and $2.5 million, disbursed in alignment of commercially relevant milestones

Stage 2: Additional top-up funding of up to $5 million is available on a competitive basis for projects that meet their Stage 1 milestones

Eligible applicants must be either:

• An Australian small to medium size enterprise – a for-profit company with less than 200 employees; or
• Researchers, not-for-profit organisations or university technology transfer offices/IP holding companies – provided they are willing to incorporate as a for-profit Australian company, if successful.

The applicant must own or have exclusive rights to the background and project intellectual property (IP) relevant to the project.

Expression of interest applications close 4 December 2025.