This week, Chris Crewther MP, Federal Member for Dunkley was joined by Cabinet Secretary the Hon Arthur Sinodinos, to officially launch the Frankston Foundry Innovation Hub and visit the Greek Senior Citizens Club where $4400 in federal funding was committed to develop their kitchen facilities.
The Frankston Foundry is a new co-working space and start-up incubator for entrepreneurs, digital creatives and independent professionals from Melbourne’s bayside and peninsula regions.
“It was terrific to be a part of Frankston Foundry’s official launch yesterday which is a great local asset that will assist local start-ups, entrepreneurs and innovation and contribute to Dunkley’s economic growth”, currently the highest of any federal electorate in Victoria.
This opening coincided with the Turnbull Government’s launch of its Incubator Support initiative which includes $23 million to assist new business incubators like the Frankston Foundry, to assist in accessing advice, capital and valuable connections.
The program will offer matching grants between $10,000 and $500,000 for the creation of new incubators and for existing, high-performing incubators to expand their services. Incubators can also access matching grants of up to $25,000 to engage experts-in-residence from Australia and overseas, ensuring access to top-quality research, managerial and technical talent.
Mr Crewther and Minister Sinodinos MP then visited the Greek Senior Citizens Club in Frankston to meet with members and discuss the $4400 federal funding grant they received to upgrade their kitchen facilities.
Mr Crewther said “This valuable funding was made available under the Community Volunteer Grants program – it is clear that these types of grants greatly enhance local community clubs such as the Greek Senior Citizens Club”.