Feeds

Aus start-ups get in the Silicon Valley house

Incubator for Aus entrepreneurs gets govt help

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

The NSW state government has put its weight behind a new Silicon Valley incubator targeting Australian startups that want to go global.

StartUpHouse is a joint venture between Australian entrepreneurs Elias Bizannes and Bardia Houseman, and New Zealander Stephen Weir. It offers a 36,000 square foot (this is America, after all) facility with a 210-desk co-working space, premium office spaces, a cafe and a "hostel for entrepreneurs".

NSW Trade & Investment will help a dozen early-stage ventures with the costs of renting office space and accommodation at StartUpHouse, located in San Francisco.

While the government's dollar input is minimal - a subsidy of up to 50 percent of the costs, up to $AU1,250, to use the facilities at StartupHouse - it is a significant international step for Australian entreprenuers with little funding or contacts.

“The NSW Government is committed to growing our digital sector and this announcement will help Australian entrepreneurs get a foothold in the US market by providing a subsidy to access the co-working space and accommodation at StartUpHouse from May 2012,” Deputy Premier and Minister for Trade and Investment Andrew Stoner said.

NSW Trade & Investment,will support the chosen few via the Australian Technology Showcase (ATS) program. Interested startups need to engage in a competitive application process to access the program, which is now taking offers.

Once a startup has been awarded funding approval under the program, they can then utilise and pay for use of the StartupHouse facility, then claim a rebate from the program.

Eligibility is based around companies being NSW based startups and with high growth potential. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple ran off to IBM
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.