Adelaide's ThincLab and University of New England's SRI AgTech incubators will receive $357,000 and $229,000 of government funding respectively.
Two Australian university-managed incubators are among those to have secured a share of A$2m ($1.4m) in government funding to strengthen the country’s entrepreneurial output in key segments.
University of Adelaide’s ThincLab and University of New England’s Smart Region Incubator (SRI) AgTech have both been chosen for the government’s $16.5m Incubator Support initiative, which aims to help emerging Australia-based businesses realise their potential and build up an international profile.
Adelaide’s ThincLab reportedly launched in 2017, when it was expected to initially host 50 businesses from sectors including healthcare, agriculture and automotive engineering. It has been awarded $357,000 of Incubator Support funding.
The initiative now has additional branches in Singapore and in Châlons, France, and will use the government grant to support its clients in targeting Asian and European markets.
University of New England’s SRI AgTech program has been awarded $229,000 to sustain its incubator for agricultural…
