Round 4 of the Business Innovation Program (BIP) 2.0 saw 17 business submit proposals for innovation with 4 Territory businesses set to receive funding and support to help turn their innovative projects into commercial realities.
BIP 2.0 is a business support program that assists Territory businesses to develop and commercialise their innovative idea through funding and expert advisory support.
The successful projects are diverse and included business event booking in the Territory, blue carbon sequestration, monitoring crop health via drone analysis, and video post-production.
The BIP 2.0 round 4 recipients include:
- VIP NT will receive receive $30,000 to develop a web and mobile app project that streamlines the way business events are planned and executed.
- Blue North will receive $22,440 to develop blue carbon sequestration projects for environmental conservation and sustainable economic growth across northern Australia.
- AK Sky Services will receive $30,000 to use drones to collect high-resolution multispectral images that provide detailed insights into plant health.
- Ten 4 Media will receive $30,000 to develop a state-of-the-art post-production studio that offers everything from editing to colour grading, supported by top-tier technology and local talent development programs.
Applications for the updated Business Innovation Program 3 are now open, go to GrantsNT.
Article last updated on 26 September 2024