The Enterprize Innovation Hub is set to continue its community and state growth after being selected for funding under Building Better Regions Fund.
An initiative of the federal government, more than $200,000 will be given to the hub as part of the Infrastructure Projects Stream category.
It comes after the state government announced $278,000 for Enterprize in this year’s state budget.
Enterprize general manager Casey Farrell said the federal funding would allow for greater synergy in the Hobart and Launceston offices.
“The state funding will be mainly put towards operational costs, while this means we will be able to dramatically improve the facilities we have for those who are starting up,” he said.
“The community focus of Enterprize is the value we are providing here.
“Opportunities tend to snowball when everyone knows what everyone else is doing.
“One person’s idea can become much larger just from collaborating with the person at the desk next to them.”
Established in 2016, Enterprize provides resources and support to for innovators and students in the area to further their ideas.
Community manager Kath Hawkins said its aim was to ensure the startup community “kept growing” within the state.
“We don’t select what comes through the door,” she said.
“Our job is just to support people’s ideas and help increase their knowledge, so they can get to market really quickly.
“At the end of the day, it’s about growing the talent we do have, while also bringing new talent to the state.”
Tasmanian Liberal senator David Bushby said the funding recognised the positive influence of Enterprize.
“The Building Better Regions Fund is a highly competitive program, which receives thousands of applications from around the country,” he said.
“Enterprize received funding, not because some politician made a decision, but because its application stood out among the rest.
“They’ve made the case that this will improve societal and economic outcomes for the state, and done it in a compelling way.
“Congratulations is warmly deserved.”
Enterprize is at 22-24 Paterson Street, Launceston.