ATP Innovations, which won the title of Randall M. Whaley Incubator of the Year Award 2014 at the International Conference on Business Incubation, announced the launch of its exclusive coworking space Accelerator HUB last week, which will be used to host and run accelerator programmes that validate early stage business ideas.
Many startup founders graduate from programmes and experience post-accelerator or post-incubator anxiety. Similar to graduating from university, the real challenge for founders is to implement what was learned into real-life scenarios. What the Accelerator HUB allows is for founders to have a ‘half-way house’ until their startups outgrow their coworking spaces.
ATP Innovations’ accelerator programme Ignition labs and partner programme Startmate will be run out of the new Accelerator HUB. The coworking space will also house and support selected graduates from other accelerator programmes including University of Sydney’s Incubate, University of New South Wales’ The Startup Games, and Telstra-backed muru-D.
The new Accelerator HUB was designed by Allison Phillips, a fourth year student at COFA UNSW, who won ATP Innovations’ student design competition. Optus, Cook Medical, Commonwealth Bank and Startmate sponsored the revamp.
The Accelerator HUB is now a vibrant-coloured multifunctional workspace, which brings nature in and draws from the heritage of the Australian Technology Park. The different features of the space were designed to facilitate long working hours and creative thinking amongst entrepreneurs.
“What makes this exclusive co-working space so special is its location inside our world leading incubator which is home to over 60 technical businesses with validated ideas and business models. The ability to tap into this community provides companies with unmatched networking opportunities,” said Hamish Hawthorn, CEO of ATP Innovations, in a media release.
Since its inception in 2006, ATP innovations has helped client companies raise a total of $121 million, receive $28 million in government grants, file 28 patents and facilitate eight exits.
Featured Image: Accelerator HUB launch. Source: Provided.