Mentoring and funding for NT businesses to commercialise an innovative product or service
Business Innovation Program NTLast Updated: 1 September 2022
Business Innovation Program NT
The Business Innovation Program helps Northern Territory businesses to develop and commercialise innovation concepts.
Application detail:
Apply at any time.
What do you get?
Up to $30,000 in government grant funding, and up to $2,600 in advisory services from a pre-approved advisor.
Who is this for?
Northern Territory startups and entrepreneurs.
Overview
This program is run in 3 stages:
- Planning – access to mentoring support to help determine if your proposed innovation concept can progress to the next stage
- Development – financial assistance and mentoring to develop a viable prototype of your product
- Commercialisation – determining the value of your product by application in your existing business and through market research.
Applicants must progress through one stage to get to the next.
Check if you can apply
To be eligible, you must:
- have a registered Australian business number (ABN)
- be operating in the Northern Territory and engaged in the production of goods and services within the NT
- have a significant permanent presence or permanent base within the NT
- have completed the Immediate Business Acceleration Program.
Apply now
Apply for the Business Innovation Program NT
Find out more about your eligibility and how to apply.
