New funding to link young entrepreneurs with UNSW expertise

UNSW receives $1 million in funding to help NSW businesses develop their technologies for global markets

A program that will connect UNSW’s world-class researchers with NSW businesses to help develop their technologies for global markets has received $1 million in funding.

The UNSW SME Global Innovation Connections program will be established as part of the NSW Department of Industry’s $12 million Boost Program.

NSW Minister for Regional Development, Skills and Small Business, John Barilaro, announced funding for the program this week.

The partnership between eleven universities, the CSIRO and the NSW Government will see the development a new state-wide innovation network, giving startup businesses access to expertise and resources they need to make their idea a success.

The UNSW program will assist regional and metropolitan Small and Medium Enterprises (SMEs) to innovate by establishing a co-working facility on site at UNSW’s Kensington campus that will be made available to SMEs and innovators. The program will offer access to courses ranging from rapid prototyping to how to access foreign markets.

The program will also include outreach to SMEs in regional locations and allow young entrepreneurs to gain access to UNSW’s world-class facilities and researchers.

Associate Dean (Industry & Innovation) Professor Ian Gibson, from UNSW Engineering, said UNSW is an ideal environment for an SME or startup entrepreneur to realise their business ambitions.

“UNSW graduates have a reputation for innovation coupled with robust technical skills and are consequently the most sought after in Australia. UNSW boasts more international students, more CEOs of top 100 ASX companies, more technology entrepreneurs amongst its alumni than any other Australian university,” Professor Gibson said.

The program will be open to all eligible regional and metropolitan enterprises and innovators, with a focus on areas of priority for the NSW Government including advanced manufacturing, cyber security, water, renewable energy, and defence and aerospace technologies.

For more information about the program visit the UNSW Engineering - Industry website.

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