Minister to announce Innovation Centre funding

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Minister to announce Innovation Centre funding


2 September 2013

Queensland’s Minister for Science, Information Technology, Innovation and the Arts Ian Walker will visit the University of the Sunshine Coast tomorrow (Tuesday 3 September) to announce continued State Government funding for USC’s Innovation Centre.

The Minister will announce a $325,000 contribution when he speaks at the Innovation Centre’s 100 Companies Celebration – an event to highlight the centre’s success in supporting viable, innovative local businesses.

Mr Walker said the funding demonstrated the government’s commitment to effective, sustainable strategies to encourage business innovation.

“Since being established by the University of the Sunshine Coast in 2002, the Innovation Centre Sunshine Coast has helped 99 businesses to create 424 jobs and raise more than $26.85 million in investment and grants,” he said.

During the ceremony, Mr Walker will officially welcome an e-health startup, newNRG, as the   100th company to join the ICSC and unveil a plaque to mark the 100 Companies milestone.

ICSC CEO Mark Paddenburg said the ongoing funding from the Queensland Government would enable the Innovation Centre to continue providing valuable business development assistance to local entrepreneurs and startup companies.

“There is now a substantial number of local businesses that have had their first start through the ICSC,” Mr Paddenburg said. “And they are among great company, as many of our alumni are now the innovative, global frontrunners in their markets.

“We expect to assist many more businesses to achieve similar success with the Queensland Government’s contributions over the next three years.”

— Terry Walsh

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