The incubator, open to entrepreneurs and start-ups looking to turn their ideas into a thriving business, was developed thanks to a $1M grant from the NSW government’s Boosting Business Innovation Program.
“We’ve already seen some great success stories from within our incubator,” said John Shi-Nash, director of the incubator
“In fact, we have one company, Avoy, that has just achieved market breakthrough after conceptualising their idea in the incubator last year.”
“Starting a business can be one of the hardest projects for someone to embark upon,” said Andrew Cipollone, Avoy’s managing director.
“Being able to work in the incubator, within a supportive community with like-minded people has been of the most helpful aspects of this journey.”
Later this year the university expects to launch a range of entrepreneurial training programs that will help participants gain a deeper understanding of what it takes to be an entrepreneur and the steps they need to take to achieve commercialisation.
The university expects to replace the pop-up incubator by a permanent structure in August with the capacity to seat up to 50 people.