Supporting the creation of new rural industries is an area of high risk. The strategies of the New Industries Program are targeted to reduce and manage the recognised areas of risk and to increase the potential for earlier commercial viability. The New Industries Program works most effectively in partnership with groups of industry participants, applying a rigorous framework to new agricultural industry development. This framework avoids picking winners or focusing solely on technology development. The approach structures the assessment of development opportunities in a systematic and strategic manner, assisting with targeted action to develop industries and enterprises concurrently.
Assistance is provided, as appropriate, for the stage of development that an industry has achieved.
Guidance is provided to assist industries addressing those issues which affect progress towards commercial establishment. Such issues may include marketing, production, technology, finance, legal, management and supporting infrastructure matters. This Program encourages innovative ideas to surface from considered positions of optimism and stability. Such a positive approach encourages the optimal allocation of available resources. It also distributes program support amongst the widest possible range of opportunities.