Just weeks after announcing a multi-year sponsorship of Sydney coworking space Tank Stream Labs, Ernst & Young has today announced that it is sponsoring Melbourne’s York Butter Factory.
David McGregor, Ernst & Young’s Technology, Media & Entertainment and Telecommunications Leader, said the sponsorship will see the company assist the coworking space with the next phase of its development and, more broadly, support Melbourne’s startup ecosystem.
Ernst & Young will provide a range of services, expertise, and connections to help improve the skills of York Butter Factory’s entrepreneur community.
“Melbourne has proven itself time again as a great melting pot of entrepreneurs, rivalling Sydney as a centre for technology startups. Australia is fast climbing the ranks as a global hub for innovation and entrepreneurs, yet at this stage, the potential to grow this community is largely untapped,” McGregor said.
“One of our aims is to help York Butter Factory’s members create new relationships with financiers, customers, potential partners, and acquirers to help them achieve their business goals. Given the appetite for new partnerships and mergers and acquisitions within the middle market, there are obvious synergies in linking innovative startups with larger corporates.”
York Butter Factory’s managing director Darcy Naunton said that the coworking space is looking forward to working alongside Ernst & Young to support Melbourne’s entrepreneurial ecosystem.
“Through the cross-pollination of ideas and resources, and by building relationships between the entrepreneurs of the York Butter Factory and Ernst & Young, we believe that we can unlock latent opportunities that will create positive value for the community,” Nauton said.
As well as the sponsorship of Tank Stream Labs, Ernst & Young has been supporting the local entrepreneurial and startup ecosystem through initiatives such as the Entrepreneur of the Year award, which has been running for 15 years, and its support of Rare Birds, the movement hoping to inspire women to become entrepreneurs.