Incubator funding helps kick-start new ventures

Five new incubator projects in the agricultural technology, resources and energy sectors will get 2.2 million in funding from the government.

The latest funding offers will assist:

Three projects from New South Wales:
Australian Computer Society Incorporated’s River City Labs (RCL) Scale-Ups – supporting entrepreneurs to scale businesses globally. This project will engage mid to late stage start-ups at its operation in the technology area of Barangaroo, with the involvement of partners in San Francisco. The focus is on developing business maturity through extensive networks in Australia and abroad.

Farmers2Founders: Supporting producer-led agriculture and food technology start-ups. This new incubator is designed to help Australian primary producers in developing new agriculture technology/food technology and food ventures. Programs will be mainly delivered in regional locations across a number of states to support commercialisation into international markets.

Realtechx will provide RealTech Accelerator – Commercial impact for real estate start-ups. This project will offer an integrated 10-week program that includes seed investment, capability development, start-up coaching, industry mentoring, strategic customer introductions and an international linkages tour, finishing with a market plan.

One project from Victoria:
Australian Centre for Rural Entrepreneurship Limited’s Breakout Accelerator will work out of a new incubator at the Old Beechworth Gaol. It will build an accelerator for 10 start-ups from rural and regional Victoria and southern New South Wales to develop and grow their businesses, and give them access to new domestic and international markets.

One project from Western Australia:
Core Hub’s Strategic pathways for new enterprise in the resources and energy sector. This project will develop, deliver and scale a series of structured support and growth pathways for start-up businesses in the resources and energy sector in Western Australia and Queensland from 2019-2020.