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Key role of incubators in startup success
Incubators are a vital part of any effective innovation ecosystem. Australia already has over 30 incubators and accelerators, with many of them located in capital cities or focussed on information and communications technology. This compares to 1250 incubators in the United States, around 130 in Europe and 24 in Israel.
For example, Australia’s ATP Innovations has helped more than 300 software, hardware and life science startups since its establishment in 2000.
By providing mentoring, office space, professional services and finance, the incubator has helped many startups validate their ideas and achieve success.
Some of the successful businesses ATP Innovations has provided essential support to include the Ingogo taxi booking and payment system, which launched in 2011, and Breathewell, a technology that assists cancer patients in breathing predictably during a course of radiotherapy.