The Business Innovation Program (BIP) helps Northern Territory (NT) businesses develop and commercialise innovation concepts.
You can apply for mentoring and funding to support development of an innovation commercialisation plan (ICP).
The program is run in three stages:
- planning
- development
- commercialisation.
Stage one applications are open.
Businesses can receive:
- professional mentoring
- funding of up to $30,000.
Mentoring
Mentoring is delivered through the Department of Trade, Business and Innovation’s (DTBI) Innovator in Residence program.
You will get one-on-one mentoring and support to help you through each stage of the Business Innovation Program.
You can find out more about the Innovator in Residence program on the DTBI website.
Funding
You can apply for up to $30,000 on a dollar-for-dollar matched funding basis.
The funding must be used to develop and implement an innovation commercialisation plan.
How to apply
To apply for stage one of the program fill in the application on the SmartyGrants website.
The Darwin Innovation Hub is home to the Northern Territory’s leading startup and business growth ecosystem and Darwin’s premier conference and co-working venue.
The Darwin Innovation Hub is a Partnership between Paspalis, Charles Darwin University, NT Government & AusIndustry.