NSW is the small business start-up state

NSW Minister for Small Business John Barilaro said the rapid growth of Sydney’s technology startup industry is positioning the Harbour City as the global hub for entrepreneurs and investors.

Mr Barilaro is encouraging entrepreneurs and small businesses to take advantage of Innovate NSW, which offers matched funding of up to $15,000 to help technology SMEs demonstrate an idea, prove a concept or develop a prototype.

“More than 90 projects have been completed to date and early projections show companies have the potential to generate $210 million in sales, $179 million in export sales, and 800 jobs for NSW in the next three years,” he said.

“Fishburners provide an example of Sydney’s emerging entrepreneurial talent because they are prepared to take risks, innovate and attract new investments.

“The NSW Government is making sure our great state remains the leading entrepreneurial place to do business by encouraging the growth of innovative small businesses,” he said.

Other initiatives include the creation of a $25 million Jobs of Tomorrow Scholarship fund, which will provide 25,000 scholarships to support students undertaking qualifications in technology.

The latest Startup Muster survey showed 78 percent of Australian startups created an average of three jobs.

Entrepreneurs looking for affordable, tailored one-on-one business advisory services are also eligible for the NSW Government Small Biz Connect Program.

www.smallbusiness.nsw.gov.au

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