The Business Innovation Program provides integrated coaching, funding, and ecosystem opportunities in a wraparound service to support businesses to develop and implement a business innovation commercialisation plan.
The Northern Territory Business Innovation Strategy is managed by the Department of Trade, Business and Innovation on behalf of the Northern Territory Government. The goal of the strategy is to ignite, inspire and intensify a sustainable innovation ecosystem across the Territory, expanding and diversifying our economic growth through more successful start-ups, commercialisation of new products, services and processes, and accelerated growth of high potential businesses, driving opportunities to grow private investment and create jobs.
The Business Innovation Program (BIP) is a three stage process. Further information on what each stage entails can be found by visiting www.nt.gov.au/BIP.
During stage one, your application will be reviewed by the Business Innovation team who will conduct due-diligence and eligibility checks to ensure the requirements for the Program are met.
Your application will also be review by our planning Innovator in Residence to determine suitability for the Program.
If your enrolment is deemed eligible in line with the Program criteria, you will be sent information on how to book a one-on-one appointment with our Innovator in Residence to proceed into the program.
Through the program you will be assisted in developing an Innovation Commercialisation Plan (ICP). You will be sent a link to an online form to complete your ICP once you have met with our Innovator in Residence. You can view what is required in the ICP and guidelines for completing it here.
If your application in deemed ineligible, you will be advised in writing and offered the opportunity to have a debrief with the Business Innovation team.
Before you begin: Please ensure you have read and understood the Program's Terms and Conditions in full.