How did Australian accelerators and incubators start?

“Nicky makes an important point. Investing in startups is about more than just money. Which brings us to the third catalyst for the explosion of startup activity in Australia, the proliferation of support infrastructure, specifically accelerators, incubators, and coworking spaces. Last episode, we discussed some of the earliest Australian incubators and accelerators, ATP Innovations, i-Lab, and Pollinizer. Throughout the 2010s, these incubator and accelerator models continued to evolve and mature. And many more new organisations were founded. To illustrate just what a difference these organisations can make for early-stage startups, we're going to hear from Murray Herbst, Director of Entrepreneurship at the University of Technology Sydney.”

“This was a startup incubator. The original founding members of this organization were the University of Sydney, the University of Technology Sydney, and UNSW. They came together with the New South Wales government to redevelop what was at the time a derelict industrial site. The Australian Technology Park is what came out of this. And so from this, there was the formation of a startup incubator.”