NEWCASTLE University will open four new “innovation hubs” across the Hunter using $1 million in state government funding.
The project was formally unveiled by Skills Minister John Barilaro and Pro Vice-Chancellor for Research and Innovation Professor Deborah Hodgson at the university on Friday morning.
One of the hubs will be located on the corner of Hunter and Darby Streets in the CBD, in addition to a Defence Innovation Hub at Williamtown, a Dantia Smart Hub at Lake Macquarie and an Upper Hunter innovation hub at Muswellbrook.
The CBD hub is expected to be launched by the end of August with the other three hubs to come online within 12 months.
The spaces will act as “incubators” for young entrepreneurs and will offer space for fledgling start-ups to meet with representatives of business and industry.
“Small business is the engine room of the NSW economy so we are hoping this partnership with the University of Newcastle will create new business ideas, new job opportunities and new industries for the Hunter region,” Mr Barilaro said.
More to come.