Mentoring and funding for NT businesses to commercialise an innovative product or service
Business Innovation Program NTLast Updated: 02 October 2020
Business Innovation Program NT
The Business Innovation Program helps Northern Territory businesses to develop and commercialise innovation concepts.
Application detail:
Applications will remain open until funding is exhausted.
What do you get?
Mentoring and funding of up to $30,000.
Who is this for?
Northern Territory businesses.
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.
What are the eligibility criteria?
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
How do you apply?
Find out more about eligibility and how to apply at Business Innovation Program.
