AusIndustry Funding for 5 Incubators with Entrepreneurs’ Programme
The AusIndustry Entrepreneurs’ Programme is funding an incubator in the Bega Valley, supporting regional business owners to accelerate their business.
The Bega Valley Shire Council in New South Wales is the latest recipient of an Entrepreneurs’ Programme Incubator Support Initiative grant. The grant will help council to continue building on the Bega Valley Innovation Hub’s structured pathway for regional business owners to accelerate their business growth.
Following the Black Summer bushfires, the hub was there to support businesses recover. The hub provided timely and valuable advice on digital adoption and innovation to local start-ups and businesses, helping them implement new ideas and create opportunities from hardship.
The Entrepreneurs’ Programme has a long history with the hub, providing grant funding of $382,000 to the University of Wollongong (UoW) to establish the hub in 2018. The hub is now run by the Bega Valley Shire Council, and the new grant funding of $250,000 will allow council to build on the expertise of UoW and its specialised iAccelerate programs. This project will extend the hub’s reach and play a strong role in boosting innovation in the region, opening up new sectors and opportunities for start-ups.
The Hub is a thriving community of like-minded entrepreneurs and mentors. It has been a lifeline to start-ups and businesses seeking new tools and skills to recover from not just the fires, but also the COVID-19 pandemic.