10 Oct 2018
The Territory Labor Government is driving innovation to fast track business start-ups, create local jobs and a stronger Territory economy.
Innovation is a key lever to accelerate economic growth, driving Territory businesses to be more competitive, profitable and sustainable.
The Minister for Business and Innovation, Nicole Manison has delivered on another Labor election commitment by launching the first ever Northern Territory Business Innovation Strategy.
The strategy aims to ignite, inspire and intensify a culture of innovation among Territory businesses.
Ignite: create and strengthen connections, collaborations and strategic partnerships with innovators, businesses, educational institutions, NGOs, industry bodies and investors
Inspire: unlock innovation and entrepreneurial talent through tailored events, support services and programs.
Intensify: supporting innovators and entrepreneurs to access the funding and the support they need to achieve commercial success.
Some of the key actions from the strategy that are already underway include:
· The world-class Business Acceleration Program
· An Innovator in Residence program to provide Territory innovators and businesses access to expert mentoring
· BISI grants – helping businesses undertake research and development which could lead to new products, processes or services
· A bigger and better Innovation Week to inspire innovative thinking.
Showcasing and celebrating our own innovators is another key part of the strategy. From slash proof protective clothing, a virtual veterinary clinic and world class 3D printing technology, the Territory has already fostered some brilliant innovative ideas – and yours could be next!
For more information or to view the strategy visit: innovation.nt.gov.au
Quotes from Minister for Business & Innovation Nicole Manison
“This Government’s number one priority is to create local jobs, that’s why we are supporting innovators and assisting them to turn their ideas into successful enterprises which create the jobs of the future.
“The strategy builds on our plan to grow the Territory’s population, and sets out how this Government is supporting local businesses to innovate and grow.
“We have delivered on our election commitment, and have already invested an additional $1 million into business innovation, supported the establishment of the Darwin Innovation Hub and the new Business Accelerator Program launched in August.
“I encourage all Territorians who have a great business idea, to jump online and view the innovation strategy - with tons of support on offer, we are here to make your idea a reality.”
Media Contact: Hannah Farmer 0428 497 154