A BUSINESS that helps startup businesses is leading a push to see Frankston become a hub for innovation and entrepreneurship across the Mornington Peninsula.
Frankston Foundry, a co-working space and startup incubator for entrepreneurs and technical professionals, will receive $154,500 in state government funding to help build networks between regional entrepreneurs and Melbourne’s startup community.
The company opened last year after owners Cam Rambert and James Bertschik, both 28, recognised the need to encourage innovation and help young professionals build networks.
The Foundry has now appointed dedicated community managers and has put together a program of events, including an annual hackathon, in a bid to foster innovation.
The funding is part of a $4.9 million boost to Victoria’s booming startup sector.
Small Business, Innovation and Trade Minister Philip Dalidakis and LaunchVic chair Ahmed Fahour with CEO Kate Cornick announced seven projects will each receive up to $1 million as part of the Round two funding from LaunchVic – a $60 million startup initiative.
Projects funded through LaunchVic aim to act as a catalyst for innovation, helping to stimulate new business growth and create jobs through mentoring, training and improving access to venture capital networks.
Frankston Labor MP Paul Edbrooke said investment in young businesses supported future local job creation and strengthened Frankston’s growing reputation as a regional tech hub.