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ICON CHANGES - HIGHER THRESHOLDS, MORE COMPANIES ELIGIBLE
Following recommendations put forward by the InnovationConnect (ICon) Assessment Panel, changes have been made to the ICon program that increase the range of companies eligible for assistance. In addition, the funding cap has been increased to $50,000 for eligible Proof of Technology grants. The move is aimed at increasing the quality and viability of proposals put before the ICon Assessment Panel.
These changes mean that companies with up to $2 million turnover are now eligible to apply for funding for the ICon Proof of Technology and Accelerating Innovation grants. In the past the turnover threshold was $1 million. These changes also help to provide a better coverate of the gap under grant programs run by the Australian Government.
For more information about ICon, including guidelines and expression of interest forms, visit the Business and Industry Development website.
