news The government has launched a startup ‘Landing Pad’ at Rocketspace – a technology campus in San Francisco.
The Landing Pad – which was officially launched by Minister for Trade and Investment, Steven Ciobo; Assistant Minister for Innovation, Wyatt Roy; and Special Envoy for Trade, Andrew Robb – is designed to help Australian entrepreneurs bring their ideas to market and build successful enterprises.
“It will provide Australian tech start-ups with a collaborative workspace, allowing them to pursue international opportunities. The next Atlassian, 99 Designs or Hydrus could be launched from here, ” Ciobo said.
Pointing out that San Francisco is a global innovation hotspot, Robb said: “Positioning the Landing Pad within RocketSpace will accelerate access to international business networks, entrepreneurial talent, business development and investors.”
RocketSpace has been working with tech startups since 2011. To foster an innovative environment, the company offers a variety of services, including office-as-a-service, accelerator-like programmes, consulting and events.
Integral to the appeal of the Landing Pad will be a locally engaged coordinator responsible for providing of “value-added” services, said Roy.
“The locally engaged coordinator will be a significant resource and will bring unique knowledge and experience to help Australian startups achieve their internationalisation efforts,” he said.
Minister for Industry, Innovation and Science Christopher Pyne said the Landing Pads are a key element of the government’s $1.1 billion National Innovation and Science Agenda, and will support Australia’s ongoing economic and science diplomacy efforts globally.
“Innovation in our economy is key to our nation’s future jobs and growth which is why the Government is vigorously implementing its National Innovation and Science Agenda,” Pyne said.
“Our global innovation strategy will advance Australia’s international collaboration performance and encourage Australians to leverage entrepreneurial expertise found in key locations overseas, like San Francisco, Tel Aviv and others,” he added.
Austrade – the country’s trade, investment and education promotion agency – has received $11.2 million in budget funding to establish five Landing Pads and develop a new annual ‘in-bound innovation forum’, aimed to encourage international collaboration and attract overseas market experts, entrepreneurial talent and investors to Australia.
In addition to San Francisco, one Landing Pad has already been set up in Israel, and a further three locations will be identified in the near future.
Today’s event was part of the inaugural Australia United States Business Week (AUSBW), an initiative to increase Australia’s business links with the world’s biggest economy that will see Andrew Robb lead a delegation to the US.
Image credit: Office of Wyatt Roy