The facts on regional incubators
19 May 2017
The Australian Government is providing more support for regional businesses through additional regional incubator facilitators and providing grants to support the establishment of regional business incubators.
The government’s Incubator Support initiative assists new and existing Incubators to improve the prospects of Australian start-ups achieving commercial success in international markets.
Contrary to recent claims, the Incubator Support initiative remains a $23 million commitment and there have been no changes to the program’s budget.
The Incubator Support initiative is still available in capital cities and metropolitan areas; the 2017 Budget announcement will provide an additional focus to ensure it reflects the importance the Australian Government places on regional development.
The changes provide greater support to regional start-ups by improving the capabilities of regional incubators and accelerators and build on the current initiative.
Media contact: Minister Sinodinos' office 02 6277 7070