Monday, 27 May 2013

A new way of supporting start-up companies

Entry 29 - Canberra’s new co-working space – was officially opened for business by Minister Barr MLA, ACT Minister for Economic Development on 22 May 2013.

Located in Childers St near the ANU, and named after Walter Burley Griffin’s design entry for Canberra, Entry 29 is aimed at accelerating the technology development process, whereby start up operators can mingle and collaborate with like minded individuals.

It also offers meeting facilities, access to mentors and other service providers, including business advisors and financiers. Entry 29 will generate income through membership fees, ranging from $22 for a day pass to $220 for unlimited monthly use.

Entry 29 has been driven by Canberra’s business community in direct response to a growing need for affordable Wi-Fi enabled accommodation for entrepreneurs and start-ups and it adds significantly to Canberra’s burgeoning innovation ecosystem. 

In speaking with the Canberra Times, Anna Pino, Entry 29 Board member and Lighthouse Business Innovation Centre chief executive said:

''I think what really drove me to do this is that over the last six months, we've realised there is this incredible entrepreneurial spirit in Canberra, but it's all underground,''.

''There are some incredibly talented people in Canberra, and we want somewhere where all [these] people can [be] seen.'' Read the full article, Entrepreneurial incubator heats up External Link - opens in new window.  

In launching the facility, Minister Barr commended Ms Pino as well as fellow Board members, Nick McNaughton and Rory Ford, for having the enthusiasm to get the project off the ground. He also thanked the support of Mick Cardew-Hall from the ANU as well as the many volunteers from that start-up community that helped get Entry 29 ready for business. 

Co-working spaces have become a global trend, with Mr Barr stating that there are more than 60 spaces operating in Australia. Worldwide, an additional three spaces opened every day during the past 12 months.

The ACT Government provided seed funding to help with Entry 29’s establishment.

To find out more visit the Entry 29 website External Link - opens in new window.

Entry 29, Canberra's newest co-working space
Entry 29, Canberra's newest co-working space

Minister Barr MLA, ACT Minister for Economic Development officially opens Entry 29
Minister Barr MLA, ACT Minister for Economic Development officially opens Entry 29

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