The Australian federal government today revealed details of its $23 million support program for Australian startup incubators. The Incubator Support program originally announced last year came with a $8 million funding pool however since then, the initial funding was raised to $15 million in June this year. New “matching grants” of between $10,000 and $500,000 will be made available over 12 to 24 months for the creation of new incubators in regions or business sectors with strong links to international trade, and for existing, high-performing incubators to expand their services.
Sooo….what does this mean for Mackay? This announcement demonstrates just how much the Federal government is committed to creating & supporting sustainable Australian innovation hubs & incubators for startups and entrepreneurs. Considering the quantity of grants now being made available from both the Queensland & Federal government, it is a crucial that we all collaborate to take advantage of these opportunities through networking & development events such as Mentor Blaze or Startup Weekend.
To find out more about the Incubator Support program visit: http://www.innovation.gov.au/page/incubator-support-programme
To find out more about Advance Queensland grants & proposals for innovators, startups, small businesses & entrepreneurs visit: http://advance.qld.gov.au/
To find out more about local startup events visit: http://www.startupmackay.org/event/