Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Technology Incubators receive funding in Australia

Senator Ian Campbell, Parliamentary Secretary to the Minister for Communications, Information Technology and the Arts, today launched one of a new generation of technology incubators to receive Federal Government funding under the Building on IT Strengths (BITS) Incubator Program-funded by the second partial sale of Telstra.

"The Entrepreneurs in Residence (EiR) incubator will provide a tailored program of services and facilities to innovative young start-up firms in the information and communications technologies (ICT) sector in order to launch them on a path to international success," Senator Campbell said.

"High quality business development, marketing and technology advice will fast track the best innovations to a point where they are ready for major investment and expansion.

"In the ICT sector, we saw what start-ups needed-capital, business advice, professional services-and the $78 million BITS incubator program is designed to help these companies get the start they need."

BITS incubators are being established in each mainland State and Territory. There will also be one established in Tasmania under the Intelligent Island component of BITS. Senator Campbell said all the Incubators are attracting considerable market attention.

"The last few months have been spent bedding down the Incubator structures, but this phase is now nearing completion and several have already made their first investments," Senator Campbell said.

The founders of EiR are Zernike Australia, Software Engineering Australia (WA) and Imago Multimedia and their strategic partner Australian Telecommunications Cooperative Research Centre. EiR will service Western Australia from two locations in Perth-the Technology Precinct in Bentley and the New Media Village Precinct in East Perth-amongst Western Australia's major clusters of ICT companies offering access to a wealth of information and shared facilities.

"Curtin University, the State's leading University of Technology, is located adjacent to the Technology Precinct. A strong synergy has developed between Curtin University and companies within the precinct, resulting in a wide range of cooperative research programs being developed," Senator Campbell said.

SOURCED by Australian High Commission, Wellington.

© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news