Australia is introducing a pilot industry-PhD programme, dubbed iPhD, to encourage innovative research in energy and engineering. The programme is a joint venture between the Commonwealth Scientific and Industrial Research Organisation, the University of New South Wales in Sydney and industry partners in computer science, electrical engineering, materials engineering and energy. Successful candidates will receive a scholarship of Aus$40,000 (US$31,700) per year for 4 years to conduct an industry-focused project and a 6-month internship at a partner company. iPhD students will receive instruction in intellectual property and commercial-product development; start-up business practices; project management; and team-building and interpersonal skills. Participants will be matched with an industry mentor and two research supervisors on the basis of their chosen research area. The programme is expected to expand to include more universities and all disciplines in science, technology, engineering and mathematics. Applications close on 15 September (see go.nature.com/2xvs4ws). The first iPhD candidates will start in 2018.