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$2.5 million funding for small business incubators.



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THE HON PETER REITH MP

MINISTER FOR EMPLOYMENT, WORKPLACE RELATIONS AND SMALL BUSINESS LEADER OF THE HOUSE OF REPRESENTATIVES

 

Media Release

0199

$2.5 Million Funding for Small Business Incubators The Government today announced grants totalling almost $2.6 million for fourteen small business incubator projects.

Small business incubators are designed to assist new businesses to become established and profitable by providing premises, advice, services and support.  The 2000-01 Federal Budget announced funding of $5 million to support the establishment of small business incubators as part of the Government’s overall drive to boost the growth of new enterprises.

Within the incubators, new small businesses are provided with an initial place to operate from and a supportive environment in which to ‘grow’ their business.  The incubation period is normally from one to three years, when the fledgling business can become established before ‘graduating’ into the wider business community.

The Federal Government gives a high priority to helping small business people along the road to success and providing them with an environment where their talents and ideas are nurtured and developed.

Funding will be provided to the following small business incubator projects, comprising nine feasibility studies and five new incubators:

$25,000 to determine the feasibility of establishing a small business incubator in Tweed Heads, NSW; ●

$436,420 to establish a small business incubator with a technology focus in Taren Point, NSW; ●

$600,000 to establish a mixed-use small business incubator in Brunswick, Victoria; ● $300,000 to establish a small business incubator in Ballarat, Victoria; ● $20,000 to determine the feasibility of establishing a general-purpose small business incubator in Croydon, Victoria; ●

$23,000 to determine the feasibility of establishing three new sites, and enhance the existing site of the Regional Enterprise Network in Bendigo, Victoria; ●

$20,000 to determine the feasibility of establishing a small business incubator with a design focus in Prahran, Victoria; ●

$25,000 to determine the feasibility of establishing a small business incubator cluster in Bundaberg, Queensland; ●

$500,000 to establish a small business incubator on the Sunshine Coast, Queensland; ● $24,950 to determine the feasibility of establishing a small business incubator in the Central Highlands, Queensland; ●

$25,000 to determine the feasibility of establishing a small business incubator in Marion, SA; ●

$538,500 to establish a small business incubator in Gosnells, WA; ● $21,000 to determine the feasibility of establishing a small business incubator in Malaga, WA; ●

$20,000 to determine the feasibility of establishing a small business incubator in Glenorchy, Tasmania. ●

I thank the part played by the network of 56 Area Consultative Committees (ACCs), throughout regional and metropolitan Australia in maintaining the quality of the incubator proposals and their continuing strong support for the programme.  ACCs, comprising local business and community representatives, have provided a great deal of productive assistance and advice, particularly on the contribution the incubator projects can make to small business needs in their regions.

Each project has the potential to make a significant contribution to their local community and offers many budding entrepreneurs the help and assistance they need to put them on the road to business achievement.  I wish them every success.

 

 

SUCCESSFUL ROUND TWO - 2000 SMALL BUSINESS INCUBATOR PROGRAMME PROJECTS

Conditional offers of funding have been made to the following organisations (by State/Territory):

NEW SOUTH WALES

Tweed Heads Small Business Incubator:  This project will determine the feasibility of establishing a small business incubator in the Tweed region.  The study will examine possibilities for the incubator to be linked with other incubators in order to take advantage of networking, purchasing, marketing and clustering opportunities.  It is envisioned that the incubator will be general purpose.

St George/Sutherland Small Business Incubator:  This project will establish a small business incubator with a technology focus in Alexander Avenue, Taren Point.  The project is part of a wider plan to create a regional centre for business innovation, export and trade.

VICTORIA

Establishment of a Small Business Incubator in Brunswick:  This project will establish the Moreland Enterprise Centre, a mixed-use small business incubator in the inner northern suburbs of Melbourne.  The incubator will provide over 3,000 square metres of lettable space and will house 50-55 tenants.

Ballarat Regional Industries Ltd Small Business Incubator :  This project is for the establishment of a three-site small business incubator in Ballarat.  The funding will cover refurbishment work and installation of a communications system.

Croydon Small Business Incubator:  This project will determine the feasibility of establishing a general-purpose small business incubator in Croydon.  The proponent, the Croydon Chamber of Commerce and Industry, will manage the project and, if feasible, act as the lead tenant. 

Regional Enterprise Network:  This project will determine the feasibility of establishing three new sites, and enhance the existing sites of the Regional Enterprise Network in Bendigo.  The proponents envisage that the proposed incubator will house a combination of light industrial and office-based businesses and provide small business incubation and support services to rural communities in the Bendigo region.

Prahran Small Business Incubator:  This project will determine the feasibility of establishing an incubator with a design focus in Prahran.  The aim of the incubator is to gain recognition both nationally and internationally, as a node of excellence within the field of design offering a range of functions and support to innovative designers wishing to establish a business.

  QUEENSLAND

Bundaberg Enterprise Centre:  This project will determine the feasibility of establishing an incubator cluster for the Bundaberg region.  It will examine the feasibility of relocating the existing Bundaberg Enterprise Centre, and examine the possibility of expanding it to include a kitchen incubator. 

Sunshine Coast Innovation Centre:  This project is to establish a technology-based business incubator at Sippy Downs in the Maroochy Shire.    It is intended that the University of the Sunshine Coast will initially occupy part of the facility, and as demand for incubator services grow, the University will occupy less space.  It is envisaged that eventually the incubator will occupy 3000 square meters.

Central Highlands Small Business Incubator:  This project will determine the feasibility of establishing a general-purpose small business incubator in the Central Highlands, focusing primarily on light industry, information technology, service industries and horticulture.  It is envisaged that offices will be located in the shires of Emerald, Bauhinia, Jericho and Peak Downs. 

SOUTH AUSTRALIA

Marion Small Business Incubator:  This project will determine the feasibility of a small business incubator in the city of Marion, including quantifying the level of demand for such a facility, examining two site options, investigating funding, management structures and longer-term viability.

WESTERN AUSTRALIA

Gosnells Centre for Business Development:  This project is for the establishment of the Gosnells Centre for Business Development, a general purpose small business incubator in metropolitan Perth.  The incubator will be housed in buildings on the prominent Albany Highway site.  The site will provide spaces for small service sector businesses, but the units will be suitable for other complementary and compatible businesses such as technology, craft, designer clothing and distribution industries. 

Malaga Small Business Incubator:  This project will determine the feasibility of establishing a general-purpose small business incubator in Malaga.  It is envisaged that the incubator would predominantly consist of small offices which would be used by business start-ups in the professional, service and e-commerce sectors.  It may also include limited warehousing for storage and wholesale purposes.

TASMANIA

Glenorchy Small Business Incubator:  This project will determine the need for the establishment of a small business incubator, with an arts focus, in the Glenorchy/Moonah region of Hobart.  It is envisaged that the incubator would also have other tenants to provide business support and mentoring to its arts-based tenants.

 

For further information contact:

Ian Hanke 0419 484 095

 

 

6/12/2000