The Bega Valley Innovation Hub 2.0 has been provided a financial shot in the arm with $250,000 from the Federal Government’s Incubator Support Initiative.
The Hub, an initiative of Bega Valley Council, is a community of local innovators, changemakers and business owners who collaborate and support each other in various initiatives that will ultimately benefit the local community and economy.
Nationals Senator for NSW Perin Davey said the funding will greatly benefit local start-ups who will be able to get specialised support to develop business plans and ultimately help them reach their potential sooner.
“The Innovation Hub will enable people involved in the Bega Valley to access information they need and build the necessary skills to commercialise and scale their business in both the domestic and international markets,” she said.
“As a Government we are committed to supporting the ingenuity and determination of small businesses which are essential to a strong, diverse economy and in turn creates jobs.”
“The project will expand upon the successful Bega Valley Innovation Hub model already in the region.
“Through a continued partnership with University of Wollongong Bega Campus and Bega Cheese, the hub will provide a structured pathway for regional start-ups.
‘More than $26 million in funding has been awarded under the Incubator Support Initiative since 2016.’
“The Incubator Support Initiative was launched in September 2016 and is part of the Entrepreneurs’ Programme, the Australian Government’s flagship program supporting business growth, innovation and commercialisation.”