Supporting start-ups and innovation in Sydney
Supporting start-ups and innovation in Sydney

Supporting start-ups and innovation in Sydney

UrbanGrowth NSW is backing innovative new businesses and start-up activity to support the growth of innovation districts and new industries in Sydney.

In partnership with Jobs for NSW, UrbanGrowth NSW is sponsoring the ‘Bridge to MassChallenge Australia’ competition, bringing together 15 start-up companies from across Australia.

The three-day Sydney bootcamp from 10-12 November is part of a journey to secure places in the world’s leading not-for-profit business accelerator, MassChallenge.

UrbanGrowth NSW has a strong interest in supporting innovation in Sydney and is working on transforming the former White Bay Power Station and Glebe Island into a global innovation district for technology and business.

“UrbanGrowth NSW is focused on projects with a 20 to 30 year time frame, and is committed to delivering on NSW Government imperatives to secure the future of Sydney as a global city,” said UrbanGrowth NSW Chief Executive David Pitchford.

“Events like ‘Bridge to MassChallenge Australia’ help strengthen and expand the start-up ecosystem in this city, which will be a key component of future economic growth in Sydney and NSW.

“These are the people, companies and industries that will be living and working The Bays Precinct, and creating so many exciting opportunities for Sydney and NSW into the future.“

The White Bay Power Station and neighbouring Glebe Island have been identified as future bases for knowledge intensive workforce and form one of many innovation clusters across Sydney, housing tenants who will help cultivate a mix of economic activity.

The ‘Bridge to MassChallenge Australia’ bootcamp will provide mentoring support, including specialist sessions on how to build a successful company, pitching, market engagement, intellectual property and other legal issues, accessing capital, and commercialisation.

The five best participants—as well as five each from bootcamps in Melbourne and Adelaide—will progress to national finals in Sydney on 14-15 November.

Winners from the national finals will advance to a five day bootcamp in Boston in February 2017 for further mentoring, networking and training opportunities.

About MassChallenge

The Boston-based MassChallenge organisation is regarded the world's most startup-friendly business accelerator offering not-for-profit and no-equity development programs and a lucrative annual global competition to help start-ups succeed. For more information visit www.masschallenge.org