The Finocchiaro CLP Government has launched Ignite, a new program helping Territory entrepreneurs turn innovative ideas into commercial reality.
Ignite offers expert advice, mentorship, pitch training, and funding of up to $17,000 - reaching more Territory businesses than ever, with a faster, easier application process.
Backing local innovators means more start-ups, more investment, and more jobs for Territorians.
Territory businesses and founders can now access Ignite, a streamlined program designed to build a pipeline of high-quality, early-stage investable start-ups in the Territory.
Ignite is the next evolution of the Business Innovation Program - redesigned to support more businesses, with new founder training and pitch workshops, and two streams so innovators can enter at whatever stage suits them. Stream A provides a $2,000 voucher for advisory and mentorship services to develop an Innovation Project Plan and is open year-round. Stream B offers up to $15,000 to develop a Minimum Viable Product, along with pitch training and enrolment in the next Accelerate Program founder stream.
Applications are faster and easier to complete, with unnecessary red tape removed so more businesses can take part - backed by strengthened advisory support and new pitch training to help founders become investor-ready.
A free Investor Pitch Training Workshop Series will also run between July and October, delivered in Darwin and online, helping local start-ups build compelling, investor-ready pitches.
Minister for Trade, Business and Asian Relations, Robyn Cahill, said 'Ignite is a contemporary, fit-for-purpose program for the Territory's innovators, providing expert advice, mentoring and funding support'.
"Innovation is an important driver for economic growth, productivity, job creation, and new investment. Through Ignite we are fostering entrepreneurship, driving innovation, and ensuring the Territory remains competitive on the global stage."
Ignite Innovation Partner and The Array Co-founder and Managing Director, Dylan Bennett, said the right support at the right moment made all the difference.
"The Northern Territory Government's continued investment in innovation gives local innovators the practical backing they need to grow, and to stay and thrive here in the Northern Territory."
