- Nine investor and entrepreneurship education
programs throughout the State to receive share in over $680,000 in X-TEND WA
funding
- Successful recipients of Round 4 of X-TEND WA to
deliver investor-ready workshops and education programs to WA entrepreneurs and
startups
- X-TEND WA funded through Cook Government's $25.8
million New Industries Fund which supports projects that build
entrepreneurship, innovation and commercialisation
The Cook
Government's X-TEND WA program will distribute a total of $680,000 to nine organisations
helping them deliver education programs to a diverse range of Western Australian
entrepreneurs, founders and investors.
X-TEND
WA is part of the State Government's $25.8 million New Industries Fund (NIF)
which aims to accelerate new and emerging businesses and support projects that
build entrepreneurship, innovation and commercialisation to accelerate venture
creation, economic diversification and support WA jobs.
The
fourth round of X-TEND WA aims to help emerging local founders and start-ups to
become investor ready, and stimulate private investment in innovative WA
projects.
The
following nine entrepreneur and investor education programs will be delivered
in various formats over the next 12 months:
A number
of the programs are aimed at supporting Indigenous entrepreneurs, others are designed
to help female founders and some are hosted in regional WA.
The State
Government has committed $16.7 million to the NIF over four years (2021-2025)
with an additional $9.1 million provided for 2023-25 to support the State's
Innovation Strategy and Innovation Action Plan.
Since
establishing X-TEND in 2019, the State Government has awarded more than $2 million
to 19 education programs for sectors including health technology, regional
innovation, export market entry and impact, and angel investment.
X-TEND
WA will continue until 2025.
For
more information on the X-TEND WA program, including how business operators can
access a range of education programs, visit: https://www.wa.gov.au/organisation/department-of-jobs-tourism-science-and-innovation/new-industries-fund-x-tend-wa-program-grants
Comments attributed to Innovation and the
Digital Economy Minister Stephen Dawson:
"The
Cook Government recognises how difficult it can be for emerging innovators to
scale up and secure investment, which is why we're supporting investor-ready
education programs through X-TEND WA.
"These
programs will give a diverse range of businesses the guidance and help they need
to take their ideas to the next level, with some programs catering to Indigenous
entrepreneurs, female founders and innovators in our regions.
"X-TEND
WA will also offer support to organisations delivering programs designed to
further educate current and potential investors, providing further confidence
for private investment in innovative projects throughout the State."
