ClosedBusiness
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 concepts. It offers mentoring, networking, advisory support and grant funding of up to $30,000, with a further up to $10,000 for commercialisation-related costs.
Funding
$2K – $30K
Duration
3 stages
Location
Northern Territory
Who Can Apply
• Be a Northern Territory business
• Have a valid Australian Business Number
• Be a start-up or entrepreneur with an innovative idea
• 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 also 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
Developing an innovation project plan and pitch presentation with an approved advisor, developing an innovative idea into an investment-ready product, and covering costs associated with commercialising the innovation and securing funding.Expected Outcomes
Applicants are expected to produce an innovation project plan and pitch, develop an investment-ready product, and progress toward commercialisation, including reaching at least $50000 in revenue or new investment with advisor support.Key Information
Applicant Types
companysole_traderpartnershiptrustother
Stage
early_stage
Funding Purposes
innovationcommercialisationother
Keywords
innovationcommercialisationstart-upentrepreneuradvisory servicesmentoringnetworkinginvestment readiness
Frequently Asked Questions
1
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 concepts. It offers mentoring, networking, advisory support and grant funding of up to $30,000, with a further up to $10,000 for commercialisation-related costs.
2
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.
3
Who is eligible for the Business Innovation Program?
- Be a Northern Territory business
- Have a valid Australian Business Number
- Be a start-up or entrepreneur with an innovative idea
- Read and accept the program terms and conditions
4
What activities are funded?
Developing an innovation project plan and pitch presentation with an approved advisor, developing an innovative idea into an investment-ready product, and covering costs associated with commercialising the innovation and securing funding.
5
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?
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