Seedlab Tasmania Funded under the Inaugural Small Business Incubator and Accelerator Pilot Program
Today, the Minister for Small Business, Madeleine Ogilvie announced Seedlab Tasmania as one of four State Government supported Incubator and Accelerator Programs.
Seedlab Tasmania received $500,000 over two years for a combination of both our Germinate Incubator Program, supporting startup and small businesses, and a newly focused four month Cultivate Accelerator Program, aimed at aimed at fast-tracking business development to help entrepreneurs advance to the next stage of their business life-cycle. The sectors Seedlab will support include food and drinks, agri-food, and health and beauty sectors.
Seedlab Tasmania has previously supported over 100 Tasmanian Startup , small food, drink and agri-businesses state-wide to grow and thrive in 2020-2021. Proudly, 65% of the businesses supported were founded or co-founded by women.
The businesses that participated in Seedlab Tasmania created over 62 new direct full time equivalent jobs and raised over $4m in new revenue, growing and making food, drink and visitor experiences here in Tasmania. Founders in the Seedlab Tasmania program created income and security for their families, independent of handouts and government support. Further, they are creating a better future for themselves and for Tasmania.
Dr Hazel MacTavish-West, CEO and Founder of Seedlab Tasmania said of the award:
“At Seedlab Tasmania, we are serious about making dreams real for Founders of new businesses. With this new funding, the team are keen to continue the success of Seedlab Tasmania in making dreams real and strengthening the local Tasmanian economy”.
Seedlab Tasmania: The Seedlab Tasmania Project Incubator and Accelerator Programs are both supported by the Tasmanian Government through the Department of State Growth. In addition, we thank our other supporters including the Seedlab Team and the Regional Investment Corporation.