Tech-based incubators get two years extra govt funding; new accelerators announced

Thu, 06 Oct 2016

By Fiona Rotherham Oct. 6 (BusinessDesk) - The government has extended funding for the three technology incubators for a further two years after a Ministry of Business, Innovation & Employment review of the start-up eco-system. The three privately-owned technology incubators, Astrolab in Auckland, WNT Ventures in Tauranga, and Powerhouse in Canterbury, were originally expected to stand on their own two feet at the end of a three-year pilot. They were set up in late 2014, modelled on the Israeli incubator system, to commercialise capital i...

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