NSW govt funds Sydney start-up incubator

Summary:Sydney-based tech start-up incubator, Fishburners, is set to benefit from the NSW Government, with Deputy Premier Andrew Stoner today announcing new funding for the establishment.

Sydney-based tech start-up incubator, Fishburners, is set to benefit from the NSW Government, with Deputy Premier Andrew Stoner today announcing new funding for the establishment.

Fishburners is situated on Harris Street in Sydney and gives start-up companies a space to develop their business for $250 per month. For that fee they get a desk, chair and internet access in the 60-seat office.

The incubator will get $20,000 in government money to help start-ups commercialise their ideas, but didn't specify how the money would be used. The money will also help fund building upgrades.

Stoner made the announcement at the Tech23 innovation contest this morning, saying that Fishburners is a very worthwhile project.

"This grassroots innovation factory supports the creation of innovative new companies by allowing technology start-ups to establish inexpensively, learn rapidly, create powerful networks of talent, become better entrepreneurs, and attract mentors, strategic resources and potential investment opportunities," Stoner said.

The Fishburners' funding comes as part of the government's ongoing push to make NSW the premier ICT state in the country.

Topics: Government, Government : AU, Start-Ups

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