Five Territory businesses have been awarded funding to help them develop and commercialise their business innovation concepts, as part of the Business Innovation Program 2.0 (BIP 2.0).
BIP 2.0 is a business support program that assists Territory businesses to develop and commercialise innovation through funding and expert advisor support. The Darwin Innovation Hub is an Innovation Advisory and DIH’s StartNT is an approved program of grant funding from the Northern Territory Government.
Under stage 2 of the BIP 2.0 program participants can receive up to $30,000 in funding to further develop their innovative concept into a commercially successful product.
The 5 applications that demonstrated the highest value for the Territory were awarded Stage 2 funding to develop their minimum viable product and begin the journey to commercialisation. The recipients are:
- Salty Games for development of the Pasture Livestock Simulator game
- Liandra Group for the expansion of the sustainable, seamless, recyclable, hand-designed Liandra Swim line
- The Trader Winnellie for the establishment of We Cool – Carbon Offsetting online marketplace
- Kirsty Lee Coulston for development of the ‘Years of You’ baby memory book
- Nightcliff Brewing Co. for production of their Fresh Wort Kit
DIH facilitated the recent investment in Liandra Group by the Paspalis Innovation Investment Fund (PIIF). StartNT eligibility can result in safe note funding from PIIF.
Business Innovation Program Event
With applications for another intake of BIP participants now open until 30th April 2023, Innovation Territory will host a ‘Meet your Business Innovation Program Advisor’ event on Thursday 23rd February.
At the event, advisors including Darwin Innovation Hub will present a 3-minute pitch as to how they can support Territory business to turn their innovation into commercialisation.
The event provides a unique opportunity to network with some of the Territory’s most exciting innovators, start-up founders and fast growth companies.
Registrations for the event is essential and can be booked online here.
For more information on the BIP 2.0 program go to nt.gov.au/bip.