Businesses, investors, researchers, training providers and industry stakeholders are invited to participate in two new Territory Labor Government innovation challenges to grow the Territory's drone industry and to establish an Angel Investment Network.
The launch of these two new challenges follow the success of the first innovation challenge, to design and deliver the Territory's first co-located Digital Games and eSport Development Centre with The Array officially opening its doors in Darwin last week.
The Territory Innovation Challenges Program is designed to accelerate the development of a more competitive, innovation driven economy in the Territory and to strengthen collaboration between business, industry, training and research organisations.
Two new challenges will run at the same time but be delivered separately, they include:
Challenge 1: Design a Drone Technology Innovation Cluster to facilitate the development of drone technology and associated industries in the Territory.
Challenge 2: Establish an Angel Investment Network to support the development of a $4 billion innovation ecosystem in the Territory.
The winning consortium will have an opportunity to negotiate a contract with the Northern Territory Government as first customer and also receive $100,000 in seed funding.
Businesses and organisations interested in participating in either challenge are encouraged to build consortiums to develop and deliver their proposals. To register interest and learn more head to here
Quotes to attribute to Minister for Business and Jobs Joel Bowden:
"The Territory Labor Government is growing our innovation ecosystem to empower Territorians to innovate and commercialise more efficiently and effectively.
"These Territory Innovation Challenges provide a unique opportunity for local businesses to work together to develop our local drone technology sector or to establish an angel investment network in the Territory.
"Through the Challenges program we are harnessing the Territory's innovation ecosystem, creating work for Territorians, attracting new investment and supporting our goal of a $40 billion economy by 2030."
