Business incubator wins global honours

21 May 2014

The Australian National University-backed business incubator ATP Innovations has been named the best in the world.

ATP Innovations has won the Randall M Whaley Incubator of the Year Award, which is decided by industry peers from around the world, at a ceremony in the United States.

ANU holds a 25 per cent stake in ATP Innovations, alongside the University of Sydney, the University of Technology in Sydney, and the University of New South Wales.

“This award is a great recognition of what universities can do to promote new businesses and innovation,” said ANU Pro Vice-Chancellor for Innovation and Advancement, Professor Michael Cardew-Hall.

“It also demonstrates the value of collaboration across universities,  and how universities can work co-operatively with the business sector.”

The company has helped more than 300 software, hardware and life-science start-up companies since 2000. The company helps start-ups by providing access to funding, government grants, advice and support from successful entrepreneurs.

The company also won an award for the Technology Focus incubator of the year.

In the past year, companies supported by ATP Innovations had combined revenue of over $45 million, and raised $8 million in equity capital.