Eco Innovator November 2011

Government Grants

ACT InnovationConnect Grants

Applications under the current funding round for the ACT Government's InnovationConnect (ICon) grant program close on 24 November.

The ICon program assists Canberra-based early stage companies taking an innovative product or service to investment readiness or commercialization. The objective is to accelerate the formation of investment ready companies and entities.

The investment ready or commercialization pathway has three stages: Pre Start-Up, Start-Up, and Growth, and ICon has two main funding components: Proof of Technology for Pre- Start-Up Stage, and Accelerating Innovation for Start-Up and Growth stages.

Proof of Technology Grants support the development of prototypes that prove a concept; or a technology plan or business case study that demonstrates whether a concept is commercially viable. Grants range from $5,000 to $50,000.

Accelerating Innovation Grants support start-up and growth companies with a viable, proven concept or service. The funding is to enable: participation in commercialization training; IP strategies and advice; establishment of advanced business processes; market testing; mentoring; and projects that link the technology and creative industry sectors.

Accelerating Innovation Grants range from $5,000 to $10,000 and are granted on a dollar-for-dollar basis based on reimbursement.

Applicants must submit an Expression of Interest and speak with a client manager about their proposal before completing a formal application.





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