Global landing pad receives City of Sydney funding

Wednesday, 26 September, 2018

Global landing pad receives City of Sydney funding

The City of Sydney is supporting a global business landing pad designed for entrepreneurs from Asia.

Under the program, office space and support will be provided for international companies and entrepreneurs who wish to undertake business in Sydney.

The Global Sydney Landing Pad Program will be developed and coordinated by Haymarket HQ, Australia’s only Asia innovation hub, supporting businesses looking to expand and invest into Sydney.

Lord Mayor Clover Moore said the program, which is funded by the City’s grants program, is a key part of the City’s work to support international investment into Sydney’s economy.

“We’re proud to support Haymarket HQ in developing their international landing pad program, which will provide support for entrepreneurs from Asia to understand and grow in Sydney,” Moore said.

“This is a great opportunity for Sydney to welcome more entrepreneurs, introduce investors to our thriving local economy and promote international collaboration.”

The City will provide $40,000 per year for three years in grant sponsorship that will help fund office space for businesses and support programs for visiting entrepreneurs.

Haymarket HQ’s founder, Banna Property Group CEO Brad Chan, said the initiative will attract entrepreneurial talent and new sources of funding to Australia.

“Our new program is designed to support high-growth international small to medium-sized businesses to establish and grow their presence in the Australian market by using Sydney as their base,” Chan said.

“We’ll also work closely with universities to encourage international students to create new ventures in Sydney that will further strengthen our networks, particularly in Asia.

“This program taps into Sydney’s reputation for offering both strong lifestyle options and innovative business opportunities.”

Image caption: Haymarket HQ.

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