NSW start-ups get $6.7 million innovation boost
5th Apr 13
By Oliver Milman
This article reports on the NSW governments launch of ‘Innovate NSW’, a $6.7 million scheme aimed at backing start-ups in areas such as e-health, energy technology and services, online and interactive education, advanced manufacturing, transport, infrastructure and logistics.
The article quotes Andrew Stoner, the state Deputy Premier and Minister for Trade and Investment, who says the initiative will provide local businesses with access to world-leading knowledge and capabilities and a low cost, low risk opportunity to trial and fine tune their solutions with major companies and government partners: “the NSW government, NSW companies and researchers are working together to lead the way in identifying barriers to innovative growth, to generate new solutions, improve productivity and create new opportunities for NSW and Australian enterprises to compete in global markets.”
Applications are now open for Innovate NSW which comprises of four different funding components.