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$430,379 FEDERAL FUNDING BOOST TO SUPPORT SPARKLABS CULTIV8

$430,379 FEDERAL FUNDING BOOST TO SUPPORT  SPARKLABS CULTIV8

Sparklabs Cultiv8 has been successful in winning competitive funding under the Federal Government’s Incubator Support Initiative as part of the Entrepreneurs’ Programme.

Federal Member for Calare, Andrew Gee said Canobolas Ventures will use the $430,379 Incubator Support grant for their Stretch project.

“Sparklabs Cultiv8 will develop their Stretch program to support a wider group of start-ups across the full growth lifecycle,” Mr Gee said.

“The program will provide the connections and networks that growing start-ups need to succeed, including access to leading investors, researchers, customers and other key stakeholders.

“This grant recognises the critical role innovative start-ups like Sparklabs Cultiv8 plays in the economy, both locally and nationally.

“Incubators are key to the success of start-ups and this grant will help more start-ups in Calare break into new markets.”

Mr Gee added that grants such as this one not only help the company, but also increase capability and skills within the local community.

Since 2016, $19.5 million has been invested under the Incubator Support initiative, which is part of the Australian Government’s Entrepreneurs’ Programme.

This latest round of funding builds on the Federal Government’s commitment to strengthening Australian industry, with a plan to create 1.25 million jobs over the next five years.

For more information on the Incubator Support grant recipients go to www.business.gov.au/incubator-recipients