StartNT

A DIH program for early stage start-ups

StartNT is an in-house program, designed, tested and run exclusively through the Darwin Innovation Hub. StartNT provides a “life-cycle” commercialisation pathway for companies looking to scale and become “investment ready” in the Northern Territory.

*StartNT is an approved program of grant funding from the Northern Territory Government.

How to access the program

Apply

Kickstart your journey by registering your interest in the StartNT program through our online form. It’s essential to note that applicants must be current Northern Territory residents. Following this, we’ll schedule a meeting to delve into your business aspirations. Our team will thoroughly evaluate your application against our investment criteria, and if you are among the competitively successful applicants, you will seamlessly progress to Phase 1 – gaining entry to our incubator.

PHASE 1:

Incubator

Competitive eligible applicants enter the StartNT Incubator, receiving three months of dedicated support at the Darwin Innovation Hub. This includes a personalised co-working desk, providing direct access to expert facilitators, extensive networks, and top-notch facilities. Throughout this immersive period, our Experts-in-Residence will not only guide and prepare you for potential government funding applications but also assist in crafting a compelling pitch for the StartNT Safe Note—a significant $50,000 investment in your company. Upon a successful pitch, you will seamlessly transition to Phase 2 – the Accelerator, well-equipped and poised for the next stages of entrepreneurial growth.

PHASE 2:

Accelerator

In this pivotal phase, strategically leverage your $50,000 Safe Note investment to propel the further development of your business. Over the next potentially 9 months, plan your project milestones, and diligently refine your go-to-market strategy and business model with support from our experts-in-residence, setting the stage for the subsequent step—Pitching for Seed Capital. To successfully pitch for Seed Capital, align your proposal with the Paspalis Innovation Investment Fund Criteria, demonstrating both the potential for business success and the value your venture brings to the Territory. This step marks a crucial stage in your entrepreneurial journey towards sustainable growth and success.

  •  

    Life-cycle support from Ideation to Exit

  •  

    Investigate

    Define Value Proposition

    Competitor Analysis

    Market analysis

    Define assumptions

  •  

    Validate

    Validate assumptions

    Design & Test customer experience

    Get User Analysis

    Create Business Plan

    Define Budget, financial and legal structure

    Define Business model

    Apply for grants

  •  

    Start

    Develop Product (Service)

    Create a product roadmap

    Define market

    Design Marketing Strategy

    Build your team

    Develop partnerships

    Formalise company and legal structure

  •  

    Grow

    Explore new markets

    Employ efficiency and management systems

    Scale team

    Expand on business model

    Begin new product development

  •  

    Fund

    Identify funding sources

    Plan Investment rounds against projected company growth

  •  

    Exit

    Pathways to exit: Why? When? How?

    Investors receive their return