Funding for businesses to commercialise an innovative product or service

Innovation Connect provides Canberra-based businesses with funding to help them develop and commercialise innovative products and services.

Overview

Innovate Connect helps Canberra-based businesses develop innovative products and services. Support is available for smaller, technology focused start-ups and entrepreneurs to accelerate viable, innovative ideas along the commercialisation pathway.

Businesses in the early stages of preparing an innovative product or service for investment or commercialisation can receive support to:

• develop a product prototype
• develop functional software
• develop a formal marketing strategy
• undertake market testing
• obtain professional IP and patenting advice and legal advice.

What are the eligibility criteria?

To be eligible, you must have:

• an annual turnover of less than $2 million
• operations based in Canberra
• an Australian business number (ABN)
• agreed to enter into a funding agreement with the Canberra Innovation Network.

How do you apply?

To apply, book a meeting with a Business Growth Advisor who will assess your eligibility to apply. If you are eligible, you will be invited to submit an Expression of Interest (EOI) which should include a 60-second video pitch.

You can find out more about eligibility and how to apply at Innovation Connect.