Aspiring entrepreneurs will be supported through their startup journey, thanks to a new program which will provide them with the skillset needed to commercialise their ideas and develop successful deep tech businesses.
Minister for Science, Innovation and Technology Alister Henskens MP said the Deep Tech Commercialisation Training Program will ensure research-led ideas are translated into financially viable businesses which will deliver social, environmental and economic benefits to NSW.
“Most deep tech companies are built on new and unproven technology that have the potential to change people’s lives, but they struggle to navigate the ‘valley of death’,” Mr Henskens said.
“By helping companies gain a clearer commercialisation perspective and a stronger appreciation of factors such as market analysis, supply chain issues and customer engagement, this program will help them secure later stage capital and remain in NSW while they grow and scale.
“This program continues on our commitment to support research and development so we can be a world leader in translating research into economic outcomes that deliver a brighter future for our State.”
Learn more here:
New incubator program to fast-track startups
The content above from the originating party/author(s) may be of a point-in-time nature and edited for style and length. The views and opinions expressed are those of the original author(s). View original.
AusPol.co Disclaimer