The Hodgman Liberal Government is providing $500,000 towards the establishment of leading edge Entrepreneurship & Incubation Hubs to help great ideas become viable, job creating businesses.

With its cornerstone partner, the University of Tasmania, the Tasmanian Government is launching this initiative which will draw on other contributions from TasTAFE, the Foundry, Startup Tasmania, Detached and other supporters to develop and implement a framework to support our fledgling startup ecosystem.

The project, which has been facilitated by the Office of the Coordinator General, will see the development of leading-edge Entrepreneurship & Incubation Hubs in the former Mercury building in Hobart and in Macquarie House in Launceston.

The hubs will provide workspace, training and hands-on mentoring to develop, evaluate and implement, pre-startup and early stage business opportunities.

The University, TasTAFE, Foundry, Secondary Colleges and other educational providers will develop a pipeline of young Tasmanians who want to try creating their own jobs in the state and utilise technology to sell into a global market.

Through developing and supporting Tasmanian entrepreneurs we have an opportunity to create higher value jobs for Tasmania which will ultimately encourage people to stay in or relocate to Tasmania to establish sustainable businesses.

The $500,000 commitment from the Government will also be used to help seed an enterprise fund to invest in the best startups that are created.

The University is also investing significant resources into the project, to support the creation of a pipeline of would-be entrepreneurs and to provide for additional hubs in the future to meet anticipated growth and demand.

Leading international companies such as Amazon Web Services and Google will be providing local startups with a suite of free development products, services and online training along with access to their international community to give our most innovative projects their greatest chance to succeed.

The Government is committed to closing the gap between invention and the commercialisation of new ideas and products.

We believe that Entrepreneurship & Incubation Hubs are a strategic investment in our state that will drive economic growth and create jobs now and into the future.

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