2024 ACT Innovation Connect Grant round 2
If you are a Canberra based start-up business looking for funding to assist in your proof of concept, then the 2024 ACT Innovation Connect Grant Round 2 may be for you. Applications close 10 October 2024.
What funding is available?
The Innovation Connect Grant program provides matched funding between $10,000 and $30,000. Note 50% of the funding is provided up front.
Eligibility for the Innovation Connect Grant program
To be eligible you must have an ABN and your registered office and principal place of business be in the ACT, or have a business that is primarily focussed in the ACT and have less than $2 million in annual revenue
What the grant money can be used for?
The objectives of the program are to:
- Support innovative, entrepreneurial ideas to a market ready position, including market testing.
- Fund projects that prove the technical or commercial feasibility of a concept.
- Support the development of product prototype or functional software.
- Assist with development and testing of effective marketing approaches, and with legal, IP and patenting advice.
You can use the grant funding for the following activities:
- Product development
- Resources and consumables specific to the project activities
- Development of marketing plans and strategies (excluding advertising costs and content)
- Website development or upgrades
- Staff wages and salaries specific to the project activities
- Technical feasibility testing
- Market testing and customer validation exercises
But does not include, general admin costs, major capital expenditure or costs already incurred.
The Application Process
To apply for the Innovation Connect Grant is a multi staged process.
Step 1 – have an Intro Meeting with the Canberra Innovation Network
Step 2 – Submit an Expression of Interest
Step 3 – Shortlisted projects will pitch to a panel
Want to learn more about the ACT Innovation Connect Grant (ICON)?
Click here to learn more about the ACT Innovation Connect Grant and to book your intro meeting
Contact Wayne on wayne@arealcfo.com.au or 0412 227 052.
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Want a confidential discussion on your business situation, help with your grant application or to learn more about my Outsourced CFO Services, simply email me at wayne@aRealCFO.com.au or call me on 0412 227 052
