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NSW Deputy Premier and Minister for Trade and Investment, Andrew Stoner (tee hee), recently announced the state government’s support for local technology companies eager to make their mark in famed Silicon Valley.
The NSW Government will assist up to 12 early-stage tech ventures, helping with renting office space and accommodation from the newly-opened technology incubator StartUp House.
During a trade mission to the US in January, Mr Stoner said: “The NSW Government is committed to growing our digital sector and this announcement will help Australian entrepreneurs get a foothold in the US market by providing a subsidy to access the co-working space and accommodation at StartUp House from May 2012.”
StartUp House is a joint venture between Australian entrepreneurs Elias Bizannes and Bardia Houseman and New Zealander Stephen Weir. It’s a 36,000 sq ft facility that includes office space – both shared and premium – a café, and a hostel for entrepreneurs.
“StartUp House aims to provide start-up companies and entrepreneurs with a rich collaborative working environment connecting them to fellow entrepreneurs and mentors.”
“Silicon Valley continues to be a leading hub for high-tech innovation in the United States and an important target point for NSW technology companies with global ambitions.”
StartUp House also just so happens to be the site of the NSW Government’s new trade and investment office – though whether Mr Stoner will himself be bunking down in the hostel remains to be seen.
“Our San Francisco office will be driving business and investment opportunities between NSW and the US and highlighting NSW expertise in sectors including ICT, digital services, research and development, and clean technology,” he said.
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