A new technology incubator, The Studio, was officially launched last Thursday by The Hon. Scott Morrison MP, Treasurer of Australia (pictured above with Chantal Abouchar, CEO of The Studio). The Studio is a not-for-profit incubator that opened its doors on 1st March 2018 at Level 6, 11 York St, Sydney (above Wynyard Station).
‘The Studio was established to cultivate start-up and scale-up businesses in the media, entertainment, communications, games, sound, design and creative industries,’ said The Studio’s founder and CEO, Chantal Abouchar. ‘The Studio's strengths are its industry focus and collaborative approach, because when you combine industry collaboration with industry focus you create a powerful, globally competitive base for innovation.'
Australians have already discovered The Studio. One new resident start-up is working on a peer-to-peer program with Animal Logic, and Dolby is now working with a start-up on new content.
The Commonwealth provided co-investment of $500,000 to support The Studio, matching industry’s contribution. The NSW Government has also provided support in the form of a rent subsidy for The Studio as one of the four anchor tenants in the new Sydney Startup Hub.
For more information, contact The Studio