Morrison Government supports Parramatta as 'Launch Pad' for Western Sydney Start Ups
The Morrison Government is supporting local jobs in Parramatta by investing $250,000 in Western Sydney University’s (WSU) ‘Start-up SydWest – Global Connections Accelerator’ project, to be based at WSU’s Technology Business Incubator, Launch Pad, located in Parramatta.
Under the government’s Incubator Support Initiative, WSU will support first generation migrant and refugee tech start-ups with high growth potential to further develop Western Sydney’s innovation ecosystem and create high-value jobs for the Western Sydney region.
Liberal Senator for Western Sydney, Senator the Hon Marise Payne, said Parramatta was the gateway to Western Sydney, the third largest economy in Australia.
“As we come back from the COVID-19 pandemic, the Morrison Government is putting in place the appropriate local supports to secure jobs and drive economic activity,” Senator Payne said.
“This program will leverage Parramatta’s unique strengths, taking great ideas and transforming them into sound business plans that can be scaled up in both Australian and overseas markets.”
Director of Innovation and Entrepreneurship at Western Sydney University, Don Wright, said the program taps into Launch Pad’s extensive skill base as an innovative hub for start-ups and high growth technology-based businesses
“Western Sydney is home to a diverse, creative business community. This program will allow us to nurture start-ups in the region with a particular focus on supporting innovation that aligns with Western Sydney’s key growth areas including health, education, Agri-business and advanced manufacturing,” said Mr Wright.
The Launch Pad team will work with 20 start-ups over the course of 2021 to help them develop and scale their business solutions.
Through a six-month intensive program, participants will have the opportunity to unlock innovative business models, access capital, refine their operations and explore local and overseas markets. They will also have access to co-working spaces, the University’s Maker Space — a 3D printing hub and fabrication lab, and professional training.
More than $26 million in funding has been awarded under the Incubator Support Initiative since 2016.
Expressions of interest are now open for the SydWest Global Connections Tech Start-up accelerator program. Visit the Launch Pad website for more information.
More information on the Incubator Support Initiative grant recipients is available at www.business.gov.au/incubator-recipients.