The Centre will “Build on the Strength and Vision of Docklands, Commport and Digital Harbour .

There will be a facility where the Young Entrepeneur will be able to have an address, a PO Box at the Centre, and the ability to rent a “a Hot Desk” or meeting room for the day. It will give their customers, suppliers or channels a sense that the Young Entrepeneur has scale.

The market focus for the Centre is new, innovative start up businesses, headed by Young Entrepeneurs in the ICT Space, which will include communications, hardware and software, mobile, wireless and ecommerce applications, RFID,security, safety and multimedia.

The Type of Incubatee at the Centre

We will be looking to take a view on what technology is going to be successful, and Clustering the Entrepeneurs in that space in Pods within our environment, and selecting companies according to the following criteria:

• Young Entrepeneurs between the ages of 21 - 35 as a rule but not exclusive;
• Companies with Patentable technologies, algorithms or processes, or opportunities to get the technology patented;
• Technologies that are scalable;
• CEO and Entrepeneur who is Collaborative with Can do attitude, Passion and Commitment;
• Companies with a Global Focus;

The Opportunity for the Incubatee

We will be looking to cluster Companies and Entrepeneurs who can collaborate and work together.

We will be looking at ways in which our entrepeneurs can work together and link with major corporations such as Telstra, Nokia, Siemens, Lucent.

The Centre will improve local capabilities in technology investment by:

• Bringing together world class people in technological development with those focussed on commercialisation;
• Attracting technology-based young entrepreneurs;
• Creating a cluster of like-mined entrepreneurs, investors and innovation;
• Providing internship and VC educational programs.

Key Focus of Outcomes

A key focus of these outcomes is to build mechanisms that transform and reinvigorate the early stage capital market place and the ICT export market. Core to the BSI belief is the need for the Centre to build on the following elements:

• Encouragement for young ICT entrepreneurs;
• Raising the size of the investor pool and their appetite for early-stage;
• Creating a cluster where innovation thrives;
• Allowing young ICT companies to demonstrate the commercial opportunity of their technology in order to attract larger later stage VC investments;
• Facilitating entry onto the global stage – ICT exports;
• Targeting strategic partners (e.g. private sector organisation providing marketing budget or access to distribution channels) by creating an SME Linkage program.

Digital Harbour and The BSI Centre will be the physical focal point in the Melbourne Docklands that will focus Investors on our ICT young entrepreneurs.

for more details contact Ivan Kaye on 02 92125505 or email ikaye@bsi.com.au