The Morrison Government is backing tech start-ups in Western Sydney to grow and create jobs, with $250,000 for a new hub at Western Sydney University.
The ‘Startup SydWest-Global Connections’ accelerator program has a specific focus on supporting first generation, migrant and refugee tech start-ups in the area.
Federal Member for Lindsay Melissa McIntosh said the funding would help local businesses get the information and skills they need to commercialise and scale their business ideas.
“This program is focusing on supporting start-ups that have the potential to grow and create more local jobs,” said Ms McIntosh.
“Emerging businesses in areas including advanced manufacturing, education, and agriculture will have access to the mentoring, workspaces, and resources they need to take the next step.
“Through this Incubator at Western Sydney University, they can develop their business skills and get support to grow their start-up from our backyard to the global market.”
Minister for Industry, Science and Technology Karen Andrews said the funding through the Incubator Support Initiative helps Australians with great business ideas to overcome barriers and succeed.
“Start-ups are a key contributor to local communities as they create new jobs, bring in new revenue streams, and foster innovation,” Minister Andrews said.
“This initiative is helping our emerging business entrepreneurs to build strong businesses for their communities and the Australian economy.”
The Coalition Government has committed more than $22.5 million to 63 incubators since establishing the Incubator Support Initiative in 2016.
Ms McIntosh and Minister Andrews also visited the Sydney Science Park currently under development, which will become a precinct focusing on research and development in health, food, energy, smart city and urban development.
“Western Sydney deserves the best opportunities for research, development, education, commercialisation and innovation, and I’m proud to see the Sydney Science Park bringing together these important fields in our community,” said Ms McIntosh.
“This investment is a show of confidence in the future of industries like advanced manufacturing in Western Sydney, which will create and sustain more local jobs.”
For more information on the Incubator Support Initiative grant recipients go to www.business.gov.au/incubator-recipients
For more information on how to apply for an Incubator Support Initiative grant, go to www.business.gov.au/assistance/incubator-support