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$1.4 million in incubator grants to benefit Australian startupsTuesday, May 30, 2017
Four Australian innovation incubators will boost the services they offer to start-ups, thanks to $1.4 million in grants provided under the Australian Government’s $23 million Incubator Support initiative.
Incubators and accelerators are a vital part of effective innovation ecosystems.
The funding will help to establish new incubators in, Brisbane, Sydney and the Hunter region of New South Wales and to expand the services of an existing incubator in Adelaide
The incubators will assist start-ups that are developing innovations in advanced manufacturing, media and creative technologies and technology hardware, amongst other sectors.
The grant recipients are:
Slingshot Accelerator, in collaboration with the Univerity of Newcastle, to establish the I2N Regional Accelerator that will support up to 16 Hunter region startups
The Studio Incubator in Sydney to support new media and creative technology startups
The Advance Innovation Hub in Brisbane to provide hardware-based startups with resources, technical knowledge and access to innovative prototyping and manufacturing equipment.
Flinders University to expand the New Ventures Institute to assist innovative advanced manufacturing focused start-ups in Adelaide.
Read the media release.
To learn more about the Incubator Support initiative or to apply go to business.gov.au/assistance/incubator-support.