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Accelerating InnovationAccelerating Innovation grants supportstart-up and growth companies with a

viable, proven concept or service withunding that will enable:

Participation in ormalised

commercialisation training;

IP strategies and advice;

Establishment o advanced businessprocesses;

Market research activities;

Mentoring; and

Projects that link the technology and

creative industry sectors.

Accelerating Innovation grants range rom

$5,000 to $10,000 and are granted on a dollar-or-dollar basis based on reimbursement.Assessments or Accelerating Innovationgrants are conducted by the BID Client Team

running the InnovationConnectprogram,with f nal approval by the Senior Manager,Enterprise Development.

Acceleccelerating Inn

-up and growt

l roven conceptunding that will enable:

Participation in ormalis

commercialisation tr

I strategies and

Establishmeprocesse

Mar

Further information and details of the initial

application and assessment processes are available

atwww.business.act.gov.au.

Telephone enquiries can be made through:

Funding SupportFunding support is milestone-based and

each claim requires a comprehensive writtenreport o activities undertaken, outcomesachieved and whether objectives were met.

Funding will not support marketing activitiesor business plans, travel or accommodationexpenses, or the purchase o hardware or

equipment. There is no provision or up-rontunding in advance o any program activitiesand proo o expenditure is required or all

unding support.

All unding support requires a matched

contribution rom the applicant equivalentto the value provided under the grant, andall applications are required to demonstratethe suitability and strategic value o the

requested support to the ACT, including thepotential or long term economic benef t tothe ACT.

Enterprise Development

on 6207 0165

or 6207 5816

Canberra Connect on

1800 244 659(Australia) or

+61 13 22 81(International).

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Proof of TechnologyProof of Technology Grants support the

development of:

Prototypes that prove a concept; or

A technology plan or business case

study demonstrating whether aconcept is commercially viable.

Proof of Technology Grants range from$5,000 to $25,000 and are granted

on a dollar-for-dollar basis basedon reimbursement. There may beopportunity for grants of up to $50,000 inexceptional circumstances.

Assessments for Proof of Technologygrants are conducted three times

per year and are considered by an

experienced Assessment Panel made upof government and independent private

sector individuals from local private sectorangel and venture capital companies.

InnovationConnect (ICon)Funding Support orACT Businesses

Program descriptionInnovationConnect (ICon) is a new ACT

Government program designed to provide

creative innovators and entrepreneurs with

limited unding support that will accelerate

the progress o viable, creative ideas along the

development and commercialisation pathway.

The programs objective is to meet anidentif ed market gap that o a unded

program o interventions and services aimed ataccelerating the ormation o investment-readycompanies and entities. The program hasbeen designed to assist companies needing

relatively early stage support in taking aninnovative product or service to investmentreadiness or commercialisation. Thereore,

ICon is not available to companies that have aturnover o more than $1m per annum.

The investment-ready or commercialisationpathway can be loosely broken up into threestages: Pre Start-up, Start-Up and Growth.

ICon has two main unding components thatcover these stages:

Proo o Technology(Prestart-Up Stage); and

Accelerating Innovation(Start-Up and Growth).