A senior member of the royal family has opened a business incubator centre at a Sydney university, which aims to provide academic expertise to innovative SMEs.
His Royal Highness, the Duke of York, Prince Andrew – the Queen’s second child and Prince Charles’ younger brother – officially opened the Macquarie University Incubator this week, which was funded under the NSW government’s Boosting Business Innovation Program.
“The aim of the program is to drive innovation and develop new ideas by bringing our best business and academic brains together,” said Deputy Premier and Minister for Small Business John Barilaro.
“The centre will provide space for 57 desks, meeting rooms, conference facilities, entrepreneur training programs, and regular events to help SMEs build their businesses.”
Prince Andrew’s unveiling of the centre coincided with the first time his [email protected] initiative has been opened in Australia.
The initiative, which is designed to amplify and accelerate the work of innovative entrepreneurs, will involve around 400 innovations at events in NSW, Victoria and Queensland.
“It is terrific to see the new Macquarie Business Incubator opening its doors to host this significant event that allows entrepreneurs to pitch their ideas to investors on a global scale,” Mr Barilaro said.