Itpa webheader

Western Sydney start-ups receive funding


Thursday, 26 July, 2018


Western Sydney start-ups receive funding

A government funding program has been launched to help start-ups in Western Sydney get ahead.

Start-up SydWest, part of Western Sydney University’s existing Launch Pad incubator program, will receive $500,000 to support 30 digital technology start-ups on university campus sites in Kingswood, Parramatta and Liverpool.

The funding will come from the Australian Government’s Incubator Support initiative.

Start-ups in the program will have access to mentors, entrepreneur training, professional services, collaborative workspaces, tech support, and an expansive university and partner network to help them get their business ideas off the ground and into international markets.

Minister for Jobs and Innovation Senator Michaelia Cash said the digital technology market presented great opportunities for Australian start-ups and the funding would help them to commercialise faster than they otherwise would.

“Digital technologies have immense potential to stimulate innovation, boost our competitiveness and improve standards of living,” Cash said.

“By supporting start-ups across our economy, the government is continuing to ensure Australian businesses are able to respond positively to technological changes, supporting increased productivity and, in turn, more jobs.”

Minister for Small and Family Business, the Workplace and Deregulation Craig Laundy said Start-up SydWest would fill a market gap in incubator services for Western Sydney.

“Incubators are a vital part of an effective innovation ecosystem, so the expansion of the Launch Pad incubator program to this part of Sydney will really boost the potential of local start-ups.

“Around 9% of Australia’s population, or more than 2 million people, live in Western Sydney, so this funding is great news for this significant and growing region,” Laundy said.

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

Image credit: ©stock.adobe.com/au/alotofpeople

Please follow us and share on Twitter and Facebook. You can also subscribe for FREE to our weekly newsletter and quarterly magazine.

Information Technology Professionals Association (ITPA) is a not-for-profit organisation focused on continual professional development for its 18,700 members. To learn more about becoming an ITPA member, and the range of training opportunities, mentoring programs, events and online forums available, go to www.itpa.org.au.

Related News

AI plays hide-and-seek, finds new strategies along the way

When pitted against other versions of itself and being rewarded when it successfully hid or found...

Neglecting IT training can have "astronomical" costs

Failing to provide IT employees with quality training can cause significant costs for businesses,...

BlueKeep exploit released into the wild

An exploit for the BlueKeep Windows vulnerability has been released by the open source Metasploit...


  • All content Copyright © 2019 Westwick-Farrow Pty Ltd