ACT Innovation Connect Grant 2024 Round 1

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 2024 Round 1 may be for you. Applications close 16 April 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 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 grant must be directed at a project that is focused on innovative ideas, products, and services, primarily to prove their technical or commercial viability or to develop a prototype; and, secondarily to assist with market testing and developing a go-to-market plan, software, hardware, and professional services.

This could include:

Product development
Technical feasibility testing
Market testing and customer validation exercises
Developing a go-to-market plan

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 2024 Round 1 and to book your intro meeting

Note applications close 16 April 2024

Wayne Wanders is an experienced Business Advisor skilled in analysing business financial performance and cash flow. Wayne may also be able to assist you in preparing your grant application. Contact Wayne below for a free no obligation session.

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