ππ«A University can play a key role in laying down a strong foundation for entrepreneurs. What an entrepreneur needs at an early stage even before building their LEAN Canvas are 2 critical elements: confidence in building their idea and mentorship from someone who has already gone through a similar journey.
π¦πΊπ Universities in Sydney like UNSW have been playing a major role in doing that with programs such as UNSW Founders, UNSW Heroes, and Interchange Program. I discussed this as well as the role of the Governments in nurturing those entrepreneurs beyond their University life with David Burt who is the Director of Entrepreneurship at UNSW Sydney.
ποΈ Not only does any Government can play a major role in funding new ventures but also providing them with a subsidized shared workspace or even playing a part in procurement and becoming a customer of those startups. Sydney itself is home to so many such fantastic shared workspaces like Fishburners, Work Club Global, WeWork, Stone & Chalk, and Tank Stream Labs.