A NSW government grant will allow ACU to connect with emerging small and medium enterprises to share resources, knowledge, research and expertise.
Australian Catholic University (ACU) will provide facilities and support to developing fledging businesses through access to world-class faculty, students and research facilities at its North Sydney and Strathfield campuses, with support from a NSW Government funding boost.
The mission of ACU Collaborate Plusis to connect with emerging small and medium enterprises (SMEs) to share resources, knowledge, research and expertise.
Minister for Industry Anthony Roberts has announced $1 million in State Government funding to support the new innovation spaces at ACU’s Sydney campuses.
Minister Roberts said the one-off funding would support the ACU Collaborate Plus project to help the University connect and collaborate with national companies on successful joint ventures.
“Australian Catholic University is home to some of the best researchers in the world and I’m delighted to announce State Government funding to support new innovation spaces to enable companies, researchers and students to activate new and innovative business solutions.
“As a Government we know that an investment in research and innovation is an investment in the future of our State and we want to do all we can to help leverage all our research talent to help accelerate industry development in NSW.
“Successful collaboration leads to job creation and helps to get new ideas, products and services to the global marketplace – the Government’s support for ACU will help the University promote its research capabilities and create better business networks.
“This funding demonstrates how the NSW Government is supporting research organisations in a multi-pronged way, leveraging existing funding and support provided to universities to strengthen their capability nationally and internationally.”
Vice-Chancellor and President of ACU Professor Greg Craven said the support would help to increase focus on the next generation of entrepreneurs.
“As a university that is both national in stature and local in focus, this Baird government initiative backs our emphasis on boosting innovation and developing work-ready graduates. Importantly this enables capacity building of the next generation of entrepreneurs, and develops sustainable responses to opportunities,” Professor Craven said.
ACU Collaborate Plus will enable sustainable partnerships with organisations to support and strengthen local networks of entrepreneurs, SMEs and industry through:
- multidisciplinary collaborative spaces
- seminars and workshops with experts
- personal engagement and access to relevant publications
- project support incentives for collaborative start ups
- volunteer innovation mentors, academic and business partners to advise on business plans, compliance and regulations, financial management, marketing plans, insurance and legal structures and risk assessments
- Resourcing student projects such as market research for emerging SMEs.