Abbreviation | CBRIN |
---|---|
Formation | 7 November 2014 [1] |
Founder | ACT Government |
Founded at | Canberra |
Type | NGO |
Legal status | charity |
Purpose | empowering entrepreneurs |
Headquarters | Canberra |
Location | |
Region | ACT |
Services | innovation ecosystem support and growth |
Membership (2015) | Australian National University Commonwealth Scientific and Industrial Research Organisation Canberra Institute of Technology University of Canberra University of New South Wales [2] |
CEO | Petr Adamek |
Key people | CEO Petr Adamek, [3] GM Growth Dr Craig Davis, COO Sharyn Smith |
Main organ | Board of Directors |
Staff | 12 |
Website | http://CBRIN.com.au |
The CBR Innovation Network (also Canberra Innovation Network or CBRIN) is an initiative of the government of the Australian Capital Territory, that was founded in 2014, and established to accelerate innovation and diversify the economy in the ACT region. The CBR Innovation Network is based on the collaboration of its six Foundation Members: the Australian National University, CSIRO, Canberra Institute of Technology, Data61 (now merged with CSIRO), the University of Canberra, and the University of New South Wales (Canberra, ADFA). One of the CBR Innovation Network's primary programs has been the creation of an innovation district in Canberra, which features a business incubator, a start-up accelerator program and a co-working space.
A need for targeted economic development in Canberra was identified by the ACT Government’s Economic Development Directorate in 2014. [2] Canberra Innovation Network was subsequently established in November 2014, with the goal of accelerating innovation and diversifying the ACT region's economy. [1]
Canberra Innovation Network supports a range of programs within the ACT, including:
- Coworking, a co-working space for entrepreneurs and startups.[5]
- GRIFFIN Accelerator, a 3-month intensive mentoring program for startups. [7]
- Incubator, a mentorship, coworking and learning program for startups [8]
- Innovation Connect Grant, a grant that supports early innovative, entrepreneurial ideas [9]
- Collaborative innovation program, for corporates and innovators to engage in open innovation through hackathons, co-designs, collab labs and makerspaces
A business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services, starting with management training and office space, and ending with venture capital financing. The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development. NBIA categorizes its members' incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and a combination of the above.
infoDev is a World Bank Group program that supports high-growth entrepreneurs in developing economies. The program is part of the Innovation and Entrepreneurship Unit of the World Bank Group's Trade and Competitiveness Global Practice.
Coworking is an arrangement in which workers for different companies share an office space. It allows cost savings and convenience through the use of common infrastructures, such as equipment, utilities and receptionist and custodial services, and in some cases refreshments and parcel acceptance services. It is attractive to independent contractors, independent scientists, remote workers, digital nomads, and people who travel frequently. Additionally, coworking helps workers avoid the feeling of social isolation they may experience while remote working or traveling and eliminate distractions in home office. Most coworking spaces charge membership dues. Major companies that provide coworking space and serviced offices include WeWork, IWG plc, Industrious, and Impact Hub.
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AngelList is an American software company for fundraising and connecting startups, angel investors, and limited partners. Founded in 2010, it started as an online introduction board for tech startups that needed seed funding. Since 2015, the site allows startups to raise money from angel investors free of charge. Created by serial entrepreneur Naval Ravikant and Babak Nivi in 2010, Avlok Kohli has been leading AngelList as its CEO since 2019.
A startup ecosystem is formed by people in startups in their various stages, and various types of organizations in a location that are interacting as a system to create and scale new startup companies. These organizations can be further divided into categories such as universities, funding organizations, support organizations, research organizations, service provider organizations and large corporations. Local Governments and Government organizations such as Commerce / Industry / Economic Development departments also play an important role in a startup ecosystem. Different organizations typically focus on specific parts of the ecosystem function and startups at their specific development stage(s).
The Israel Innovation Authority (IIA) is the support and investment arm of the Israeli government, in charge of planning and executing the country’s innovation policy, promoting technological innovation and Research and Development (R&D) in the State of Israel.
Innovation districts are urban geographies of innovation where R&D strong institutions, companies, and other private actors develop integrated strategies and solutions to develop thriving innovation ecosystems–areas that attract entrepreneurs, startups, and business incubators. Unlike science parks, innovation districts are physically compact, leverage density and high levels of accessibility, and provide a “mash up” of activities including housing, office, and neighborhood-serving amenities. Districts signify the collapse back of innovation into cities and is increasingly used as a way to revitalize the economies of cities and their broader regions. As of 2019, there are more than 100 districts worldwide.
A corporate accelerator is a specific form of seed accelerator which is sponsored by an established for-profit corporation. Similar to seed accelerators they support early-stage startup companies through mentorship and often capital and office space. In contrast to regular programs, though, corporate accelerators derive their objectives from the sponsoring organization. These objectives can include the wish to stay close to emerging trends or to establish a funnel for corporate venture capital investments.
Kerala Startup Mission (KSUM), formerly known as Technopark TBI, is a state-level agency under the Government of Kerala, India, dedicated to fostering entrepreneurship and incubation activities. Established primarily to manage the Technology Business Incubator (TBI), a startup accelerator, KSUM aims to cultivate a conducive environment for high-technology-based businesses.
1871 is a nonprofit digital startup incubator in the Merchandise Mart, Chicago, Illinois. It was founded in 2012 by J. B. Pritzker and is the flagship project of The Chicagoland Entrepreneurial Center (CEC), a nonprofit organization that helps entrepreneurs build high-growth, sustainable businesses that serve as platforms for economic development and civic leadership. Led by CEO Betsy Ziegler, 1871 has become a major hub of Chicago's technology and entrepreneurial ecosystem and hosts over 400 early-stage companies as well as nationally recognized accelerators, industry-specific incubators, and tech talent schools. In 2019, UBI Global recognized 1871 as the Top Private Business Incubator in the World and Most Promising Incubator for Women Founders.
River City Labs is an Australian coworking space and accelerator founded in 2012.
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