The Minister for Industry, Science and Technology, Karen Andrews recently announced the 6 successful companies who will share $2m from the Incubator Support initiative to deliver support for Startups. They are:
- The University of Adelaide’s ThincLab international incubator program: A pathway for global success will assist startups with global expansion into Asia and Europe.
- Vektor Innovations’ Arc hardware incubator – hardware innovation for global startups will run five programs over two years supporting hardware startups to bring their products to market.
- AgriStart’s CONNECT: Regional Innovation Hubs will enhance agricultural technology in three high-growth regional areas of Western Australia through training and the fostering of connections to startup capital investment markets.
- The University of New England’s SRI AgTech gateway: global focus for Australian AgTech startups will bring together agricultural technology startups and agricultural producers. With the support of experts they will conduct farm trials through to adoption and will work towards the creation of new solutions for the global marketplace.
- Hunter Business Centre’s Start House: developing diversity in innovation will provide business education and mentoring to entrepreneurs across northern NSW. The project aims to enhance business success and decrease the likelihood of failure for up to 50 high growth potential businesses.
- Clinic Media’s The business incubator for startups in organic innovation will identify and incubate startups to promote growth in organic food production, processing, distribution and consumer demand.
The Incubator Support initiative is part of the Entrepreneurs Program providing grant funding to a maximum of $500,000 for up to 2 years to incubators to deliver support services to Australian start-ups with an international focus.
Grants are available to support the establishment of new incubators in regions or sectors with high innovation potential, and for existing incubators looking to expand their services. Funded incubators will deliver a range of activities designed to improve the prospects of commercial success of innovative start-ups, allowing them to realise their economic potential faster than they otherwise would.
The initiative supports entrepreneurial activity and contributes to the development of the innovation ecosystem, including in Australia’s regions.
For more information visit: www.business.gov.au/Assistance/Entrepreneurs-Programme#incubator-support
For more information contact Bruce Patten from Pattens Group at email@example.com or on 1800 PATTENS
Written by Bruce Patten: With more than 30 years’ experience claiming government grants, Bruce is regarded as the grants expert. He has a passion for helping new business get off the ground and has a long list of successful clients who have received the government funding they needed for research, development, management, commercialisation, exportation, small business support… and the list goes on.