Canberra’s new FUNDING FOR INCUBATORS

The Federal Government is backing two new incubators to help bold ideas get off the ground.

Industry minister Karen Andrews said $23 million in funding had been awarded since 2016 under the Incubator Support initiative with the latest funds to go to:

# Social Impact Hub (NSW) with a grant of $385,000

# Maker & Co Collective (WA) with a grant of $206,050

The Sydney-based Social Impact Hub helps start-ups develop social impact strategies while Maker & Co Collective in Bunbury connects inventors, creatives, entrepreneurs and innovators.

Andrews said: “The government understands that innovation creates new job opportunities, as well as making the lives of Australians better.

“From regional WA to the heart of our largest city, these incubators foster growth in innovation which is central to growing our economy.”

Social Impact Hub has already facilitated employment opportunities for disabled Australians, while Maker & Co is helping start-ups realise their ideas in regional Western Australia.

“In helping start-ups with the skills they need to succeed, these incubators are also helping local communities grow.”

Picture: Maker & Co, Bunbury

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