New Federal Government
Incubator Support Initiative
The Incubator Support initiative assists New and Existing Incubators to:
improve the prospects of Australian start-ups achieving commercial success in international markets
assist Australian start-ups by delivering a range of activities to develop the capabilities required to realise their economic potential in international markets faster than they otherwise would; and
develop Australia’s innovation ecosystem including in Australian regions.
The initiative provides funding through two components, both of which require matched funding from applicants.
The first is support for New and Existing Incubators:
to help develop new Incubators in regions or sectors with high potential for success in international trade, and
to boost the effectiveness of high performing Incubators, including funding support to expand their services and/or develop the innovation ecosystem.
The second is support for Expert-in-Residence:
to organise and provide access to top quality research, managerial and technical talent through secondments of national or international expert advisers who will improve the chance of commercial success for start-ups in international markets.
Start-ups and small-to-medium sized businesses will be connected with qualified professionals, university resources and technology under the NSW Government’s $12 million Boost Program.
NSW Minister for Regional Development, Skills and Small Business John Barilaro said the partnerships will help build new incubators and adapt existing facilities so businesses and community can network, access information and share ideas in a collaborative environment.