The NSW government has labelled the state as “Australia’s innovation powerhouse” after unveiling Innovate NSW, a $6.7 million scheme aimed at backing cutting edge start-ups. Applications are now open for Innovate NSW, which has been designed to bolster collaboration between the private sector and the government. Andrew Stoner, the state Deputy Premier and Minister for Trade and Investment, said that the initiative will help develop new businesses in areas such as e-health, energy technology and services, online and interactive education, advanced manufacturing, transport, infrastructure and logistics. Innovate NSW will comprise of four different funding elements: Minimum Viable Product (MVP) will provide matched funding of up to $15,000 to entrepreneurs to demonstrate an idea, prove a concept, develop a prototype or customise a solution. TechVouchers (TV) will help small firms partner with research bodies to tackle technical challenges with up to $15,000 in matched funding. Collaborative Solutions (CS) will stump up 25% of project costs, with a ceiling of $100,000, to help develop new, innovative products within 12 months. The money will be provided to a consortium that must consist of three entities – an innovator, an end-user that will test the solution and a partner company that will research or scale the product. Australian Innovation Showcase (ATS) will provide support via seminars and networking for innovative, market-ready Australian technology. “Innovate NSW, backed by $6.7 million in funding over four years, cements our State’s global reputation as Australia’s innovation powerhouse, the place where great ideas are born through world class collaboration,” Stoner says. “Targeted assistance will be provided through Innovate NSW to promote this collaboration and to open up new high growth business and export opportunities for NSW and Australia.” “It will develop stronger networking outcomes in critical sectors of the economy and in sectors where we have strong competitive advantage or potential for new growth.” “Local businesses will have access to world-leading knowledge and capabilities and will be provided with a low cost, low risk opportunity to trial and fine tune their solutions with major companies and government partners. “The initiative will focus particularly on supporting innovative solutions which use enabling technologies – including mobile, cloud, analytics, sensors, advanced materials and biosciences.” “The NSW government, NSW companies and researchers are working together to lead the way in identifying barriers to innovative growth, to generate new solutions, improve productivity and create new opportunities for NSW and Australian enterprises to compete in global markets.”
The carbon tax has been dragged into the spotlight once again, with a new survey by the peak retail body showing 80% of businesses say they have been negatively impacted by the tax.
The NSW Government will introduce a $6.7 million initiative dubbed Innovate NSW, which will offer funding of up to $15,000 for around 250 businesses, as part of a wide-ranging plan to boost the state’s digital economy.
The NSW Government has introduced legislation to establish the state’s first small business commissioner as a statutory officer, more than a year after the role was created and filled.
Ninja Blocks and ScriptRock are among this year’s winners of technology innovation event Tech23, which saw four start-ups share in $100,000.
Someone with a university degree is likely to earn more than $1 million more than someone without a higher education, while pay gaps also continue to exist between men and women, according to a new report.
Four NSW digital ventures have been backed with a total of $291,000 in state government funding, including, unusually, backing for a start-up to further develop its business plan.
Sydney co-working space Fishburners has extended its sponsorship deal with Optus, effectively ensuring that it remains viable for the next three years.
Tech start-ups are set to benefit from the launch of a new $6 million “innovation laboratory”, opened by the Victorian Government, as the state seeks to rival NSW in the ICT innovation stakes.
NSW shadow small business minister Adam Searle has delivered a second reading of his Small Business Commissioner Bill, outlining further details about the scope of the proposed role.
Government grants are notoriously hard to snare for start-up businesses and can involve completing a mountain of time-sapping paperwork in the application process.
Two entrepreneurs have launched a series of Sydney small business workshops amid concerns over cut-backs in SME event programs by both the NSW and Queensland state governments.
While the recent high-profile slip-up by Brumby’s suggests that small businesses might use the carbon tax to hit consumers with price rises, early data suggests otherwise.
Small businesses are being encouraged to have their say on proposed legislation to support the role of the NSW small business commissioner, two weeks after the NSW Opposition slammed the lack of legislation for the role.
A group of SME manufacturers in the struggling food and wine sectors are among the recipients of $8.1 million in cash in the first grants from the Gillard government’s $1 billion Clean Technology Investment Programs.
The NSW Opposition has introduced a bill to give the state’s small business commissioner “real teeth”, amid criticism from both sides of politics that the role at state and federal levels is virtually meaningless.
The NSW Government will pour almost $1 million into seven mobile technology projects, it announced at CeBIT Australia 2012, in its latest bid to position the state as a technology hotspot.
A fund run by the French government has invested 10 million euros in Paris-based online network Viadeo, taking an undisclosed stake in the company, in a bid to nurture homegrown technology start-ups.
The NSW Government has announced the first four tech start-ups that will gain subsidised access to Startup House in San Francisco, as part of a program designed to help start-ups crack the US market.
Unions are set to defy Workplace Relations and Superannuation Minister Bill Shorten today by refusing to give up wage increases in return for higher superannuation payments.