{"id":38988,"date":"2023-10-20T15:00:07","date_gmt":"2023-10-20T15:00:07","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/sydney-to-launch-precinct-for-thousands-of-entrepreneurs-as-nsw-commits-13-million-to-startups-startupsmart\/"},"modified":"2023-10-20T15:00:07","modified_gmt":"2023-10-20T15:00:07","slug":"sydney-to-launch-precinct-for-thousands-of-entrepreneurs-as-nsw-commits-13-million-to-startups-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/sydney-to-launch-precinct-for-thousands-of-entrepreneurs-as-nsw-commits-13-million-to-startups-startupsmart\/","title":{"rendered":"Sydney to launch precinct for thousands of entrepreneurs as NSW commits $13 million to startups – StartupSmart"},"content":{"rendered":"
\"Lighthouse<\/div>\n

Christmas has come early for New South Wales (NSW) startups with plans for a major precinct to unite thousands of entrepreneurs revealed as the state government made a $13 million commitment to back startups.<\/p>\n

This week, NSW minister for innovation and better regulation Victor Dominello launched the state\u2019s innovation strategy and promised to open the gateway for entrepreneurs to work with government on its most pressing challenges.<\/p>\n

\u201cThe digital age has transformed technologies, businesses and consumer expectations,\u201d Dominello said in a statement.<\/p>\n

\u201cIt is imperative that government agencies embrace new ideas and ensure that current and future policies reflect the disruptive age in which we live.\u201d<\/p>\n

The innovation strategy will see $10 million from the Jobs for NSW program redirected to startup accelerators and incubators, and a further $3 million allocated to startup grants over the next year.<\/p>\n

Another key initiative will be the creation of the NSW Innovation Concierge (NIC), a \u201cfront door\u201d for entrepreneurs interested in working with the government.<\/p>\n

The NIC\u2019s role will include what the government is calling \u201cShark Tank\u201d pitch opportunities where startups and entrepreneurs can get in front of key government advisers and relevant industry experts.<\/p>\n

A beacon for Sydney’s ecosystem<\/h3>\n

Meanwhile, the development of a major startup precinct is underway in Sydney, with a space located across three floors and nearly 7000 square metres set to open in 2017.<\/p>\n

The Lighthouse will be located on Sydney\u2019s waterfront at Barangaroo International Tower Three,\u00a0Business Insider<\/a>\u00a0<\/em>reports.<\/p>\n

The precinct will be led by newly appointed chief executive Annie Parker, who will leave Telstra-backed accelerator muru-D<\/a>,\u00a0which she co-founded, this year.<\/p>\n

Read more: Tech leaders\u00a0Tech leaders Melanie Perkins, Mikaela Jade and Annie Parker join Vogue’s new fashion revolution<\/strong><\/a><\/p>\n

\u201cLighthouse is bigger than any one startup hub or company,” she says.<\/p>\n

“It\u2019s about bringing together the entire ecosystem in Sydney, and across Australia.<\/p>\n

\u201cWhen completed, we will have an amazing concentration of people and activity the likes of which we\u2019ve never seen before in Australia.<\/p>\n

\u201cIt\u2019s about providing the greatest possible number of human connections in one place [from]\u00a0other thinkers and founders, to advisors and mentors and to the corporate and academic worlds.\u201d<\/p>\n

One of the project\u2019s architects Anthony Farah says the space will be able to accommodate thousands of founders of fast-growing startups each year.<\/p>\n

“Lighthouse is more than an accelerator, it\u2019s a curated program which will give founders the opportunity to grow,” he says.<\/p>\n

Follow StartupSmart on<\/em>\u00a0Facebook<\/a>,<\/em>\u00a0Twitter<\/a>,\u00a0LinkedIn<\/a>\u00a0and iTunes<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Christmas has come early for New South Wales (NSW) startups with plans for a major precinct to unite thousands of<\/p>\n","protected":false},"author":2,"featured_media":61462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/38988"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=38988"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/38988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/61462"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=38988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=38988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=38988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}