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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 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.

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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.

Before you apply

Check Business Innovation Program fit and evidence gaps

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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.

Grant not accepting applications

Applications for this round are closed. A new round may open in the future.

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Key Information

Applicant Types

companysole_traderpartnershiptrustother

Stage

early_stage

Funding Purposes

innovationcommercialisationother

Keywords

innovationcommercialisationstart-upentrepreneuradvisory servicesmentoringnetworkinginvestment readiness

Official Grant Page

Northern Territory Government

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.

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