Innovation is the way people and organisations generate new ideas and put them into practice.
Innovating your business can be done in a number of ways such as improving your processes to make them more efficient or developing new and improved products and services. This can give your business the competitive advantage needed to increase your success. It can help you to improve the quality and increase the quantity and range of your products or services; reduce the cost of production; and increase customer numbers and satisfaction, all leading to increased profitability.
There are a range of activities that support business innovation in the ACT that can help you implement your business ideas and realise the full potential of your business.
Where can I get support to innovate my business?
CBR Innovation Network
The CBR Innovation Network has been established by the ACT Government to play a major role in accelerating innovation and growth to maximise wealth creation and transformation of the ACT economy. The Network is unique within Australia in that it’s based on a collaboration between five world-class research and education institutes in the ACT: the ANU, University of Canberra, Data61, CSIRO and UNSW Canberra.
The CBR Innovation Network can assist your business to innovate in a number of ways including:
- Provide co-working space via Entry 29:
The CBR Innovation Network's space at Level 5, 1 Moore Street, Canberra is home to Entry 29 co-working space . Entry 29's goal is to provide a social and inspiring work space where entrepreneurs can connect, create and collaborate on new and exciting opportunities. By joining Entry 29 you can enjoy the office facilities, including wi-fi, desks, meeting spaces and more, available at CBR Innovation Network.
- Connect you with support to accelerate your growth:The CBR Innovation Network can connect you to the support your business needs to accelerate it's growth including to it's partners, the GRIFFIN Accelerator and ATP Innovations:
GRIFFIN Accelerator program : The GRIFFIN Accelerator is a startup accelerator in Canberra. Once a year they invite entrepreneurs to apply for a place in the 3+3 program for the opportunity to validate their idea, develop networks and fine-tune their business model.
Cicada Innovations : Cicada Innovations is a leading business incubator for potential high growth businesses.
The CBR Innovation Network also hosts a range of innovative events and workshops. Visit their website to view their event calendar.
Grants and funding
Innovation Connect The Innovation Connect grant program is designed to help Canberra based businesses in the early stages of preparing an innovative product or service for investment or commercialisation. To find out more visit the Innovation Connect page.
- Venture Capital There are a number of venture capital support and capital partnering programs available to help Canberra businesses get started or take up new opportunities. To find out more visit the Venture Capital page.
Other grants and funding To find out about other funding opportunities, including Australia Government grants, visit our Grants and Funding section.
Data61 focuses on ICT research, innovation and commercialisation. Data61 has five laboratories around the country, including in Canberra, and partner with a number of Australian universities. With more than 600 people, Data61 is the largest organisation in Australia dedicated to ICT research.
To find out how to collaborate with Data61 visit the Data61 Website