The Entrepreneurs

Three Australian businesses will receive grants to commercialise new products

  • Written by Hon Karen Andrews MP, Member for McPherson


GRANTS HELP TO HATCH BRIGHT IDEAS

Three Australian businesses will receive grants to commercialise new products, processes and services, helping to create more local business opportunities and Australian jobs.

The grants from the Coalition Government’s Incubator Support initiative, worth a total of $867,000, will help incubator programs deliver services to assist Australian businesses to achieve commercial success in overseas markets.

Minister for Industry, Science and Technology Karen Andrews announced a $500,000 grant to create a tech hub in Wagga Wagga; a $247,000 grant for a co-working space that connects entrepreneurs in Western Australia; and $120,000 for a partnership to launch an incubator program on the Sunshine Coast.

“The three projects will receive funding to help local businesses work together, access world-class research and business expertise,” Minister Andrews said.

“The Coalition Government recognises the crucial role incubators and innovative start-ups play in the economy and in creating high-value jobs, contributing to increased productivity and bringing new products and services to market – that’s why we’re backing initiatives like Incubator Support.”

The grant for tech hub Bridge Hub in Wagga Wagga will help Riverina agriculture and food businesses identify, test and commercialise new ideas to create business opportunities and jobs.

The Bridge Hub will also provide a global platform for Australian start-ups, through its close partnerships with Israeli researchers.

Western Australian-based Spacecubed Ventures will use its $247,000 grant to run two programs for 160 start-ups and entrepreneurs in Perth, Port Hedland, Geraldton and Bunbury.

The third successful project for a partnership between Innovation Centre Sunshine Coast and the Sunshine Coast Health Institute will receive a $120,000 grant to establish an incubator program for 10 start-ups in the health, well-being and med-tech sectors.

These grants will add to previous funding awarded to both Spacecubed Ventures and the Innovation Centre Sunshine Coast under the initiative’s expert-in-residence stream, which allowed them to bring in experts to deliver services directly to Australian entrepreneurs.

The $23 million Incubator Support initiative is part of the Australian Government’s Entrepreneurs’ Programme. The supported incubators in turn assist start-ups to develop their skills and connections locally and globally, increasing the chances of successful commercialisation.

Incubators are organisations geared toward speeding up the growth and success of start-ups and early stage companies.

For more information on the grant recipients visit www.business.gov.au/incubator-recipients and to apply for an Incubator Support grant, go to www.business.gov.au/assistance/incubator-support

.

Sprout offers entrepreneurial accelerato…

Australian farm to fork agritech start-ups are being encouraged to come forward for the next cohort of the Sprout Accelerator.  The Sprout Accelerator benefits agritech & agrifood businesses and entrepreneurs who  have...

GoTheHand.com

A David and Goliath Battle Over Online Advertising – An Aussie Firm Taking on the Internet Giants An Australian company is taking on the might of tech giants like Google...

Essential Documents Typically Required f…

Photo Source: Lendi Applying for a home loan is often a lengthy, detailed process that requires you to review a variety of contracts, fees, and valuations. Along with these details, you...

What Is the Best Way to Start an eCommer…

Digital entrepreneurship has become very common in this day and age, and if you have been thinking about starting your own business, then you might be considering how you can...

22 costume ideas for kids this Halloween

Halloween 2018 is nearly here! Whether they’re having a dress-up day at school, or heading to a Halloween party, here are the best costume ideas for this year’s ghoulish event.1. ...

TRAVLR

Travel technology company TRAVLR gears up for its Series B raise   Australia’s leading travel technology company TRAVLR is gearing up for its Series B capital raise following the successful launch of...

How to Become an Ethical Hacker

If the idea of breaking into someone’s computer really excites you, but your moral compass steers you away from such ventures, there might just be a perfect job out there...

Benefits of having an ABN with a new car…

Finding the right car loan for you can be overwhelming. If you’re a sole trader, sub contractor or a small business owner, you might be wondering what the benefits are...

How to quarantine requirements when movi…

Whenever you travel across country in Australia there are quarantine requirements that you need to be aware of. Certain states and territories prohibit the entry of particular products that are...

How much can I borrow with bad credit?

There could be a number of reasons why you have bad credit. It can be frustrating when you’re trying to borrow money for a loan such as a car loan...

3 Digital Marketing Hacks To Give Your S…

Do you have plans of starting a company next year? Then good for you! A business is an excellent investment, and using digital marketing is one of the best ways...

Why Every Office Space Needs Ducted Air …

Many take ACs for granted. But once you learn about the many benefits that a reliable air conditioning system can give, you’d give more credit and appreciation to your units...

Three Australian businesses will receive…

GRANTS HELP TO HATCH BRIGHT IDEASThree Australian businesses will receive grants to commercialise new products, processes and services, helping to create more local business opportunities and Australian jobs.The grants from...

Basic Office Essentials Every Business N…

Are you an aspiring business owner? Then you should know by now that a brilliant idea, ample capital, goods and services, etc. are not the only things you need to...

Accrue Real Estate

It can be daunting taking your first steps on the property investment ladder. Everyone tells you it is a great way to secure a financial future and all the indications...

Lotus Trolley Bag

California Couple to Take on Australia's Plastic Waste Epidemic   More than 9.7 billion single-use plastic bags are used annually in Australia and only three per cent of them are properly recycled...

3 Powerful Forex Trading Strategies For …

What is a strategy? That is the first and most fundamental question you have to answer if you want to be successful in Forex Trading. A strategy is simply a well-thought-out...

Interested in Healthy Ageing?

We usually do notice, but the first biological signs that we are aging appear in our mid-20s. These changes become more apparent as we enter our 40s, and by the...

7 Ways to Tile Your Bathroom Without Bus…

Tile is great for bathrooms. It is attractive, resists humidity well, facilitates cleaning and rarely stains. Unfortunately, tile is expensive and the cost of tiling a whole bathroom can deplete...

Must have habits in a Forex trader

Success doesn't come easily and if it does, success will not have the reputation it has now. If you are looking for success you should wait for it. Don't ever...

River Rafting New Zealand: First Timer’s…

For travelers in search of the ultimate adventure, of course river rafting has long been providing great thrills to adventurous individuals the world over. One of the top places on...

A Smarter and More Sustainable Way to Cl…

It’s estimated there could be thousands of illegal dump sites across the country that are potential health and environmental hazards. SoilCyclers Alison Price said they can be anywhere and cost communities...

FlexCareers appoints inaugural Head of G…

FlexCareers, the leading Australian technology platform and consulting business for progressive employers, has recently announced the appointment of Michael Tan to the position of Head of Growth and Marketing.   Michael...

5 Easy Motorhome Repair Fixes

Before you set out on any campervan journey, you are going to want to learn some basic repair scenarios so that you can be prepared for any minor problems that...