Do I have to give up equity to get into ADI’s programs?
With the Investment Program, we contribute a cash investment in exchange for equity in your company and our active participation in your growth.
With the Business Readiness Program, a series of business readiness courses are provided for a fee.
Where does ADI’s money come from?
ADI is funded by government and private investors. In April 2000, ADI received $7 million from the Federal Government under the Building on Information Technology Strengths (BITS) Incubator Centre program, which aims to assist new and aspiring entrepreneurs to turn their ideas into successful businesses. ADI also received $1.2 million from the Victorian Department of State and Regional Development.
How much does ADI invest?
ADI can invest up to $450,000. However our preference is to invest smaller amounts and to co-invest with angels and venture capitalists in order to increase the funding pool and leverage their expertise and networks.
Do I need to have a company to apply?
To be eligible for the Investment Program, yes. To be eligible for the Business Readiness Program you don’t need to have a company, but you must be intending to establish one.
What time commitment is the Business Readiness Program?
There is no minimum time commitment, the programme is outcomes focussed.
Can overseas companies apply?
No. Companies must be incorporated in Australia.
Will being accepted into ADI’s programs restrict me from applying for government grants?
No. While ADI is the recipient of grants from Federal and Victorian governments, it is a private, commercial enterprise. Companies accepted into ADI’s programs will not be restricted from applying for government grants.