On Friday 13 February 2015 ACT Chief Minister Andrew Barr MLA launched the 2015 GRIFFIN Accelerator program; a program conceived and managed by Canberra entrepreneurs who invest in, host, teach and mentor selected start-ups to create successful new businesses.
GRIFFIN has already completed one very successful program last year with all five participating start up companies receiving investment offers from around Australia at the end of the three month immersive commercialisation program. The 2015 GRIFFIN program will be bigger than 2014, with early planning to support up to 10 new innovative business start-ups.
The Chief Minister said "The ACT Government has placed support for business innovation centrally in its economic development agenda. We know that business innovation and entrepreneurship are essential to expanding the city’s economic base, diversifying our economy and creating new jobs for the future. Our policies and programs to in this area have been successfully guided by Growth Diversification and Jobs, A Business Development Strategy for the ACT".
"In my Ministerial Statement to the Legislative Assembly earlier this week, I announced new directions around procurement reform and advocacy for local SMEs and these directions will form an important part of a second phase of Business Development Strategy to be released in the first half of this year. Greater synergy between innovation policy and government procurement is something I know the business community is keen to see."
"I am delighted the ACT Government has been able to play a role in the establishment of the Griffin Accelerator through administrative funding support in 2014, and in 2015 through our support for the CBR Innovation Network" said the Chief Minister.
Innovators and entrepreneurs from Canberra and Australia are encouraged to apply for the GRIFFIN accelerator’s three month program supported by the CBR Innovation Network. For more information visit the GRIFFIN Accelerator website .