Home Articles This Sydney-based business incubator has been recognised as the best in the...

This Sydney-based business incubator has been recognised as the best in the world


Australian technology business incubator ATP Innovations took top honours at the NBIA awards held in New Orleans, Louisiana last month, winning the prestigious 2014 Randall M. Whaley Incubator of the Year Award at the International Conference on Business Incubation.

The National Business Incubator Association (NBIA) is the top global body for business incubation with over 2200 members in over 60 countries.

So, I guess you could say the NBIA awards are the Grammys of the business incubation industry…

The Sydney-based incubator was selected by industry peer professionals based on its overall excellence in delivering business building services and its successful track record of building high growth technology companies with global reach.

It also scooped the Dinah Adkins Technology Focus Incubator of the Year Award.

A long track record of helping start-ups succeed

ATP Innovations has helped over 300 software, hardware and life science start-ups since 2000. Together, they have raised over $113 million in capital since 2006.

Last year, ATP Innovations’ companies had combined revenue of over $45 million, half of which was export related. They raised $8 million in equity capital, hired 69 new employees, launched 80 products, and had seven patents granted.

Hamish Hawthorn, CEO of ATP Innovations, remarked, “We are honoured to be the first Australian technology incubator to be recognised as the world’s best – it is a credit to both the hard work done by the team at ATP Innovations and recognition of the strength and significance of Australia’s start-up ecosystem.”

“We owe our success to many factors – the support of our shareholder universities, the way the founders of the companies at ATP Innovations help each other, the experienced mentors helping our companies. Sharing the entrepreneurs’ journey and being part of their success is the best part of it,” he explained.

The awards recognised the on-going success of ATP Innovations in providing companies with assistance across a wide range of areas, including in negotiating technology licences, insight into government support and financial assistance, access to a strong network of investors and advisors, and strategic guidance.

What success stories does ATP Innovations have?

Seven ATP Innovations companies have gone on to sell their businesses since 2006, most recently Azalient which was acquired by Autodesk in December last year.

Two recent companies to benefit from ATP Innovations’ support include Clarity Pharmaceuticals and Elastagen.

Clarity, founded in 2010, just closed a seed round of $1.1 million dominated by Sydney Angels to expand its international operations in the US, Europe and Asia.

Clarity uses patented diagnostic and imaging technology, which can be used to “personalise” and increase the effectiveness of targeted antibodies-based therapies.

Elastagen is a clinical stage medical device company pioneering Elastatherapy™ using the human protein Elastin to naturally repair and augment the skin.

Since Elastagen began operating in 2005, it has attracted $5 million syndicated venture capital investment, and $2 million of the recent NSW Government Medical Devices Fund.