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

INCUBATOR SUPPORT

Bac kgr

• und

A National Innovation and Sc ie nc e Age nda initia tive An E

ntr e pr e ne ur s Pr

• gr

amme e le me nt

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
• 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

• 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.

Suc c e ssful Gr ante e s

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

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

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.

E ligible e xpe nditure c an inc lude :

• 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