The NSW Government has announced its support for local technology companies to get started in Silicon Valley. Deputy Premier and Minister for Trade and Investment Andrew Stoner announced the NSW government’s support for up to 12 early stage technology ventures with the costs of renting office space and accommodation at the new technology incubator StartUp House located in San Francisco.
StartUp House was officially opened earlier this year by Stoner along with the NSW Government’s new trade office in San Francisco.
“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,” Stoner said.
The 36,000 square foot facility that is StartUp House is a joint venture between Australian entrepreneurs Elias Bizannes and Bardia Houseman and New Zealander Stephen Weir. It offers premium office space and will house 210 desks, a cafe and hostel for early stage companies.
“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,” Stoner said.
“Helping NSW entrepreneurs link into key global technology centres like Silicon Valley will open access to critical markets, capital and mentoring beyond the opportunities available in Sydney.”