Sydney set for $35m innovation hub
Written by Chris Lemmon
Sydney will be the home of a new startup and innovation hub, creating up to 6,500 new jobs, thanks to a $35 million investment from the NSW government.
Sydney Startup Hub will be the first of its kind in the Southern Hemisphere and will allow entrepreneurs to develop innovative business ideas that will create job opportunities across regional and metro NSW.
Jobs for NSW will fund the hub, which will be spread over more than 17,000 square meters and 11 floors. NSW Premier, Gladys Berejiklian, said:: “This is an unprecedented investment from the NSW government, which will support businesses and drive jobs growth across the state. When Sydney Startup Hub opens it will be in a central location to help both local and international entrepreneurs flourish.
“More than 40 per cent of the nation’s startups are in NSW already and with the addition of this hub and the White Bay precinct we want to see that figure grow.”
Deputy Premier and minister for small business, John Barilaro, added: “The Sydney Startup Hub will support businesses, turbocharge the startup ecosystem, and drive job creation across the State. The NSW government is pleased to include a fantastic roll call of tenants including; Stone and Chalk, Fishburners, Tank Stream Labs and The Studio.
“We are leaving no stone unturned. In addition to the 2,500 residents, the hub will welcome regional entrepreneurs from the wider start-up ecosystem through the regional landing pad and community and events space.”