Submissions invited on inquiry into Support for Startups in Regional NSW

6 June 2017

Man on mobile working on laptop

The NSW Parliament’s Committee on Investment, Industry and Regional Development is calling on individuals, groups and organisations to make submissions to an inquiry into support for regional startups.

The inquiry into “Support for Startups in Regional NSW” is looking at ways to strengthen and support the budding entrepreneurial ecosystem of startups in regional NSW.

The Committee will be looking at the effectiveness of state government policies and programs aimed at supporting startups in regional areas, and new initiatives to reduce barriers to entry for startup businesses.

The Committee is currently inviting submissions from the public and is keen to hear from startup businesses and initiatives in regional and rural NSW.

Committee Chair and Cootamundra MP Katrina Hodgkinson said with more than 20 percent of Australian founders living in regional areas and the growth of startups trending towards regional NSW, it is paramount that there is support for these business communities in their early stages”.

“Nearly a quarter of Australian startup businesses are founded outside of capital cities and startups are projected to create more than half a million jobs across Australia over the coming decades, according to a report from Universities Australia and Startup Muster published in March 2017, entitled ‘Startup Smarts: Universities and the Startup Economy.”

“We’ll be looking at what support is available at the moment both within and outside NSW and how we can make it easier for regional startups to get up and running.”

“We’re keen to hear ideas and suggestions on this issue through submissions to the inquiry.”

The closing date for submissions to the inquiry is Friday 21 July 2017. Further information about the inquiry can be obtained by visiting the Committee’s website.