Entrepreneurs in new and emerging industries in regional NSW will be supported to grow their business, revenues, raise funds and create local jobs, thanks to the NSW Government’s new $2 million Accelerating Regional Innovation Fund.
Parliamentary Secretary for the Central Coast Adam Crouch encouraged entrepreneurs in new and emerging industries across the region to apply.
“This new fund will assist businesses access the right expertise to improve their capability and competitiveness, drive economic growth and will equip regional entrepreneurs with the skills they need to lead change.”
“The Accelerating Regional Innovation Fund supports the 20-year Economic Vision for Regional NSW and the NSW Government’s priorities and plans to achieve long-term economic success for regional NSW communities, including here on the Central Coast.”
Deputy Premier and Minister for Regional NSW Paul Toole said regional entrepreneurs face additional challenges to their metropolitan counterparts, including ready access to supply chains, partners, funding, and even customers.
“We know our regional and rural areas are places where you can turn a dream into reality, and I’m so pleased this fund is helping these pipeline ideas come to life,” Mr Toole said.
The Accelerating Regional Innovation Fund will provide grants of between $300,000 and $700,000 to accelerator and incubator programs in regional NSW.
Applications are now open and close on 30 September 2022 at 2pm.
For further information about the Accelerating Regional Innovation Fund, including program guidelines and eligibility criteria, go to: www.nsw.gov.au/ARIF