NORTEC Business Incubators

promoting small business growth

To further support the growth of small business we opened three small business incubators , the Ballina Business Centre in 1993, Byron Creative (Byron Bay) in 1999 and the CLIC Business Village (Mullumbimby) in 2004. A new incubator site at Lismore is expected to be opened later this year in 2008.

The aim of the project is to provide the impetus for the development of a wide variety of light industrial and commercial enterprises for the Northern Rivers area and thereby enhance the industrial and commercial diversity that already exists here.

Objectives are to:

- foster self employment,
- assist business development,
- accelerate business growth,
- reduce the failure rate of start up businesses,
- assist businesses to operate, and
- increase employment opportunities and community wealth.

 

Are you a business within a business incubator site requiring a low-interest business loan?

NORTEC Business Incubators promote small business growth by offering flexible and/or shorter term commercial leases, access to micro-enterprise loans for finance to start-up and on-site small business management advice and support.

A business advisor is employed one day per week to provide business advice to tenants in NORTEC Business Incubators. Tenants have access 24 hours per day, 7 days per week. The aim is to provide the impetus for the further development of a wide variety of light industrial and commercial diversity that already exists in the area. Objectives foster self employment, business development, reduce failure rate of start up businesses, assist business to operate, accelerate business growth and create employment and economic growth.

Current business incubators sites are supporting 27 new businesses and new business incubator sites in Lismore and potentially the Tweed, will also serve to promote and encourage small business enterprise growth in our region.

National Incubator Awards

  • 2003 - Minister Award for Excellence
  • 2003 - Incubator of the Year
  • 2002 - Graduate Tenant of the Year
  • 2001 - Innovation Award
  • 2001 - Regional Incubator of the Year

National incubator awards funded by Federal Government