INCUBATOR SUPPORT Bac kgr ound A National Innovation and Sc ie nc e - PowerPoint PPT Presentation

INCUBATOR SUPPORT

Bac kgr ound A National Innovation and Sc ie nc e Age nda initia tive An E amme e le me nt ntr e pr e ne ur s Pr ogr Applic atio ns no w o pe n $23 millio n in funding thro ug h to 2019-20

Aims of Inc ubator Suppor t Impact: Local National Global Innovation: New-to-Firm New-to-Market New-to-world • I mpro ve the pro spe c ts o f Australian start-ups ac hie ving c o mme rc ial suc c e ss in inte rnatio nal marke ts • De ve lo p Australia’ s inno vatio n e c o syste m inc luding in Australian re g io ns.

What is an Inc ubator ? F o ste rs inno vative start-ups, fo c use d o n inte rnatio nal trade • Pro vide s se rvic e s suc h as se e d funding , c o lo c atio n, • me nto ring , pro fe ssio nal se rvic e s and ac c e ss to ne two rks. Can inc lude ac c e le rato rs and g e rminato rs. •

E ligibility Must be an e xisting o r ne w inc ubato r • have an Australian Busine ss Numbe r (ABN) • Be o ne o f the fo llo wing : an e ntity inc o rpo rate d in Australia; • an inc o rpo rate d truste e o n be half o f a trust; • a no t fo r pro fit o rg anisatio n; • a public ally funde d re se arc h o rg anisatio n (PF RO); o r • lo c al g o ve rnme nt. •

Ne w & E xisting Inc ubator s E xpand o r e nhanc e se rvic e o ffe ring s o f • hig h-pe rfo rming I nc ubato rs Suppo rt ne w I nc ubato rs in re g io ns and se c to rs • with hig h inno vatio n po te ntial 1:1 matc he d funding up to $500,000 • Co mpe titive , me rit-base d asse ssme nt - • Crite rio n 1: Manag e me nt & Busine ss Capability 40% Crite rio n 2: E xpe c te d I mpac t & Be ne fits o f the Pro je c t 50% Crite rio n 3: Value fo r Mo ne y 10%

Ne w & E xisting Inc ubator s Dar win Innovation Hub $500,000 g rant fo r a $1.0 millio n pro je c t o ve r 2 ye ars • Partne rship be twe e n Paspalis E nte rprise s, NT • Go ve rnme nt, Charle s Darwin Unive rsity and o the rs

T he Ne w Vide os and Che c klist Applic ants sho uld be e nc o urag e d to Vie w the two ne w vide o s o n busine ss.g o v.au • Co mple te the o nline Che c klist be fo re • submitting the ir applic atio n

E xpe r t-in-R e side nc e Suppo rt se c o ndme nts o f e xpe rts • 1:1 matc he d funding up to $25,000 pe r E lig ible Ac tivity • E lig ibility e ntitle me nt •

E xpe r t-in-R e side nc e Innovation NQ Inc . Partne rship be twe e n I nno vatio n NQ and Jame s Co o k • Unive rsity $25,000 g rant, $50,000 pro je c t fo r 3.5 mo nths • E ntre pre ne ur in re side nc e to wo rk with T o wnsville • stude nt, busine ss, industry and inno vatio n c o mmunitie s to de ve lo p, de live r, g uide and c hampio n o ppo rtunitie s fo r e ntre pre ne urship and inno vatio n in the re g io n.

ante e s Suc c e ssful Gr

Guide line s Change s May Budg e t anno unc e me nt to pro vide additio nal • re g io nal fo c us to the pro g ram. Chang e s will build o n the c urre nt initiative . • Pro g ramme Guide line Chang e s c urre ntly be ing • de sig ne d L aunc h late r in 2017 •

Applic ations Re ad the Pro g ramme Guide line s available fro m busine ss.g o v.au/ inc ubato r-suppo rt Co mple te the o nline I nc ubato r Suppo rt initiative applic atio n fo rm o n busine ss.g o v.au Addre ss all e lig ibility and me rit c rite ria Attac h suppo rting do c ume nts

F ur the r Infor mation www.busine ss.g o v.au/ inc ubato r-suppo rt L aura Rahn – Pro g ram Manag e r I nc ubato r Suppo rt Incubator.Support@industry.gov.au

F unding Contr ibutions Min cash contribution 30% Max in-kind contribution 50% Max other government grant 10% Max Incubator Support grant 10%

E ligible E xpe nditur e Grant funds to be use d fo r e lig ible e xpe nditure dire c tly re late d to the pro je c t. ligible e xpe nditure c an inc lude : E salarie s fo r staff e mplo ye d fo r pro je c t ac tivitie s; • c o ntrac to r c o sts; • • de ve lo ping and de live ring wo rksho ps and fo rums; c o mputing e quipme nt and so ftware • Ine ligible e xpe nditure c an inc lude : I nve stme nt in startups • • F inanc ial c o sts (inte re st/ insuranc e s) No n-pro je c t-re late d staff training and de ve lo pme nt c o sts • • De pre c iatio n o f plant and e quipme nt, mainte nanc e c o sts Co sts re late d to pre paring the g rant applic atio n •

Applic ation & Asse ssme nt Applic atio ns no w o pe n • • Co ntinuo us asse ssme nt E ntre pre ne urs’ Pro g ramme Co mmitte e asse ss and • re c o mme nd Ne w & E xisting I nc ubato r applic atio ns • Ministe r de c ide s whic h Ne w & E xisting I nc ubato r applic atio ns to appro ve Pro g ramme De le g ate appro ve s E xpe rts-I n-Re side nc e • applic atio ns