The Morrison Government is creating new regional opportunities providing $463,100 for the delivery of the Seedlab Tasmania project, an incubator focused on helping start-ups in the food, drink and agri-food/tourism sectors to become export ready.
Minister for Industry, Science and Technology Karen Andrews said the Incubator Support initiative helps develop entrepreneurial talent and introduces regional businesses to national and international markets.
“The Morrison Government is supporting the growth of globally-focused Aussie start-ups to secure long-term economic prosperity,” Minister Andrews said.
“Through the Incubator Support initiative, we equip start-up businesses with the capabilities to tackle international markets and flourish. This will ultimately mean a more competitive Australia and more jobs, including in regional communities.”
Federal Member for Bass Bridget Archer said the project funding will assist local start-ups to develop the capabilities required to achieve commercial success in international markets and realise their economic potential faster.
“I’m thrilled that a significant portion of the the Seedlab Tasmania project will take place in northern Tasmania,” Mrs Archer said.
“Seedlab Tasmania is all about cultivating a network of experts, resources and market insights to accelerate these ventures towards exports, and high wage jobs in regional Tasmania.
“This funding will help develop Australia’s innovation ecosystem.”
Since 2016, over $21.8 million in funding has been awarded under the Incubator Support initiative, which is an element of the Australian Government’s Entrepreneurs’ Programme.
For more information on the other Incubator Support grant recipients go to www.business.gov.au/incubator-recipients
For more information on how to apply for an Incubator Support grant, go to www.business.gov.au/assistance/incubator-support