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Business Innovation Program

Northern Territory Government · Australia

The Business Innovation Program supports Northern Territory start-ups and entrepreneurs with innovative ideas to develop and commercialise their concepts. It offers mentoring, networking, advisory support and staged grant funding of up to $30,000, plus up to $10,000 for commercialisation-related costs.

Funding

$2K – $30K

Duration

3 stages

Location

Northern Territory

Who Can Apply

Must be a Northern Territory business Must have a valid Australian Business Number Must be a start-up or entrepreneur with an innovative idea Must read and accept the program terms and conditions
Applicants can apply if they are a Northern Territory business and have a valid Australian Business Number. Applicants must read and accept the program terms and conditions. The program is aimed at NT start-ups or entrepreneurs with an innovative idea.

What's Funded

Working with an approved advisor to develop an innovation project plan and pitch presentation, developing an innovative idea into an investment-ready product, and covering costs associated with securing funding and commercialising the innovation.

Expected Outcomes

Applicants are expected to produce an innovation project plan and pitch, develop an investment-ready product, and progress toward commercial outcomes such as reaching at least $50,000 in revenue or new investment.

Key Information

Applicant Types

companysole_traderpartnershiptrustother

Stage

early_stage

Funding Purposes

innovationcommercialisationr_and_dother

Keywords

innovationcommercialisationstart-upentrepreneuradvisory servicesmentoringnetworkinginvestment ready

Frequently Asked Questions

What is the Business Innovation Program?

The Business Innovation Program is a business grant offered by Northern Territory Government in Australia, providing $2K – $30K in funding. The Business Innovation Program supports Northern Territory start-ups and entrepreneurs with innovative ideas to develop and commercialise their concepts. It offers mentoring, networking, advisory support and staged grant funding of up to $30,000, plus up to $10,000 for commercialisation-related costs.

How much funding does the Business Innovation Program provide?

The Business Innovation Program provides $2K – $30K in funding. The typical project duration is 3 stages.

Who is eligible for the Business Innovation Program?

Must be a Northern Territory business Must have a valid Australian Business Number Must be a start-up or entrepreneur with an innovative idea Must read and accept the program terms and conditions

What activities are funded?

Working with an approved advisor to develop an innovation project plan and pitch presentation, developing an innovative idea into an investment-ready product, and covering costs associated with securing funding and commercialising the innovation.

How do I apply for the Business Innovation Program?

Start by checking your eligibility using the free Beta Docs eligibility checker. If eligible, Beta Docs' AI-powered platform can help you draft, review, and refine your application to maximise your chances of success.

Need help applying?

Beta Docs has helped founders secure $160M+ in competitive grants. Our AI platform drafts compliance-perfect applications — and our expert reviewers make sure you stand out.