The Entrepreneurs

Incubator support to help build globally competitive businesses

  • Written by Senator Cash


Dozens of new Australian businesses will receive help to transform their ideas into globally competitive businesses as a result of the Turnbull Government’s Incubator Support initiative.

The funding, which totals $1.78 million, will be provided to four innovative incubators to boost new businesses in key sectors like biotechnology, medtech and advanced materials.

Petri BioIncubate will receive $284,500 to help launch biotech start-ups into international markets through structured mentoring and networking with investors.

Australia China Technology Incubator Pty Ltd will dollar-match their $500,000 Incubator Support grant to accelerate over 60 medtech start-ups into China's burgeoning healthcare market.

SBE Australia will receive $500,000 to support female start-up founders to sustainably grow and scale their businesses, with specific emphasis on capital raising and international expansion.

A $500,000 grant will help incubator Innovyz Institute to identify and select advanced materials innovations and researchers from Australian universities and research organisations to take part in a structured entrepreneurship and commercialisation training program.

Minister for Jobs and Innovation, Michaelia Cash said that Australia needs a strong pipeline of dynamic start-ups and innovative entrepreneurs to create jobs and drive economic growth.

“Incubators are key to ensuring our start-ups can get off the ground by helping them break their products into new markets and secure investment.

“With these new grants we have invested over $6.29 million in new and existing incubators since the start of the Incubator Support initiative in September 2016.

“Innovation incubators are helping to build the skills, knowledge, confidence and networks of Australian entrepreneurs, founders and researchers, ensuring they have the best chance of international success, and putting Australia on the map as an innovation nation,” Minister Cash said.

Incubator Support is an element of the Australian Government’s Entrepreneurs Programme.

For the full details of the grant recipients, go to https://www.business.gov.au/incubator-recipients

For more information on how to apply for an Incubator Support grant, go to https://www.business.gov.au/Assistance/Entrepreneurs-Programme


.

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...

Slow and steady wins the race

Does the name of this article ring a bell in your ears? Do not surprise if it rings because we have shared the idea of a very old traditional tale...

Adinkra Designs

An Australian family have created an award-winning family business to help people in Africa. Gorgeous, sustainable, eco-friendly and ethically made homewares, nursery decor, bags, totes and dolls. Australia, 20th August...

Aussie Blockchain start-up AgUnity

Aussie Blockchain start-up ranks top 10 at global entrepreneur pitch in Beijing.  Aussie Blockchain start-up AgUnity rank top 10 at this year’s Overseas Talent Entrepreneurial Conference (OTEC), pitching against 32...

Crystalbrook Collection brings over 500 …

Crystalbrook Collection has launched its recruitment campaign to attract over 500 jobs to the region in the next 18 months across its three Cairns based hotels.   With the first property...

Regional midwife turned HCF Catalyst ent…

Edwina Sharrock, founder of the start-up Birth Beat and HCF Catalyst program participant, secured a life-changing offer on the season finale of Shark Tank last night. She shook hands on...

StartupAUS Report - Five most in demand …

  Australia, 26 July 2018: Five key roles have been identified as growth multipliers for Australia’s startup ecosystem, according to the Startup Talent Gap report released today by StartupAUS, Australia's peak national advocacy group for...

GAP Strike Gold with New Smart Technolog…

Australian company GAP Geophysics is finding immense success, following their introduction of the DIAS32 3DIP survey technology to the local market.   The innovative technology, provided through a joint-venture between GAP...

Where to Find Cheap Campervans

Just because you don’t have the money for a fancy, luxurious motorhome doesn’t mean that you can’t still enjoy the road-tripping lifestyle. In fact, if you want to get on...

Selling Your Business - Why Hire Experie…

When you finally decide to call it quits and sell your business, it is essential to ensure that you get the most out of it. After all, you have invested...

JAR Aerospace Wins Digital Tranformation…

Sydney, Australia - 6 July 2018 - JAR Aerospace has taken home the grand prize at Cisco’s Start Challenge pitch event, winning a digital transformation worth $40,000 for their business.   The...

Best Marketing Campaigns and Promotions …

When the Word Cup is in full swing, it essentially dominates the attention spans of everyone who has even a passing interest in football, and countless others who don’t follow...

What you need to know before you open a …

In the past, foreign exchange was a market that was only accessible to corporations and institutions. With technological advancements and growth in the money market, today it is possible for...

Predict future trends through currency c…

Do you know many people predict the future trend of prices through currency correlations? The answer may not be known to you but smart traders know they can save their...

The CEO Magazine’s 2018 Executive of the…

Applications are now open for Professional Services Executive of the Year in  The CEO Magazine’s 2018 Executive of the Year Awards.    Executive of the Year Awards video   The CEO Magazine is calling for all leaders in...

Applications are now open for Retail Exe…

The CEO Magazine’s 2018 Executive of the Year Awards.   The CEO Magazine is calling for all retail professionals, who are able to demonstrate excellence within their role in the retail...

Fast growing e-retailer ONTHEGO strikes …

Mick Spencer, CEO and founder of ONTHEGO   ONTHEGO (OTG), a leading e-retailer of customised uniforms and sports apparel, has today announced that the  Workwear Group (WWG), a subsidiary of Wesfarmers Industrial & Safety, has acquired...

Applications now open for SBE Australia’…

Building upon last year’s success of the E3 program, SBE Australia have now opened up applications to all female founders     2017 SBE Australia E3 Program cohort   SYDNEY - 07 June 2018   Applications are...

Caltex Accelerator cohort announced

Caltex Australia is pleased to announce the 12 successful candidates for its inaugural Spark Accelerator program, to be delivered by Slingshot. Chosen from over 300 applicants, the inaugural Spark Accelerator...

Why a cheap logo is the most expensive t…

Three reasons why a cheap logo is the most expensive thing you’ll ever buy In the past few years, we’ve seen a staggering proliferation of online portals where logos are...

Poor visual communication affecting busi…

YOUR COMMUNICATIONS TO MILLENNIALS IS FAILING   New research reveals failing to focus on visual communication threatens productivity and engagement levels   Many Australian businesses are failing with their communications to the largest generation...