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Applications open tomorrow for a $50,000 contestable fund for new business start-up initiatives in Dunedin.
The Dunedin Ecosystem Support fund (DES) has been launched by the Grow Dunedin Partnership and Enterprise Dunedin.
The initiative is part of a $150,000 investment agreed by the Dunedin City Council economic development committee to support the development of the local start-up ecosystem during 2018 and 2019. The aim is to help develop, attract and keep new businesses.
DES will support projects which support start-up growth, build confidence and increase investment in start-ups, and develop opportunities for young entrepreneurs.
Successful applications will receive financial support to develop new initiatives between December 20018 and June 2019. The fund will be awarded in its entirety to one applicant or in two equal sums.
Applications will be reviewed by a panel of assessors from the business community and the Grow Dunedin Partnership which includes representatives from Ngai Tahu, University of Otago, Otago Polytechnic, Otago Chamber of Commerce, Otago Southland Employers' Association and the council.