The Cook Government has announced two significant Memoranda of Understanding (MOUs) between Spacecubed and leading Indian MedTech start-up incubators, marking a new chapter of investment and growth in Western Australia’s innovation sector.
The MOUs were formalized between Spacecubed’s Perth Landing Pad initiative and two prominent Indian incubators: the World Trade Centre AMTZ in Andhra Pradesh and T-Hub in Telangana. These agreements aim to foster collaboration, attract international businesses, and offer Western Australia (WA) a gateway into global markets.
Connecting Global Innovation
Minister for Innovation and the Digital Economy, Stephen Dawson, emphasized the importance of these partnerships. “The Cook Government is committed to nurturing high-growth businesses and sustainable, high-value jobs in WA. Through these MOUs, our MedTech sector will now have unprecedented access to international networks, helping us showcase WA’s innovation on the global stage,” he said.
The Perth Landing Pad program, co-funded by the State Government and the City of Perth, offers a structured 90-day package to international tech companies. This initiative supports industry engagement and provides guidance on establishing a long-term presence in WA.
Global Partners in Innovation
- AMTZ is one of the world’s largest medical device manufacturing hubs, instrumental in advancing the MedTech industry in India.
- T-Hub is recognized as the world’s largest start-up incubator, hosting over 3,000 start-ups, venture capital firms, two centres of excellence, and a prototype lab.
The new MOUs build on momentum from earlier initiatives, including Premier Roger Cook’s recent trade mission to India and Minister Dawson’s Innovation Mission. Additionally, key stakeholders from India visited WA during events such as West Tech Fest and Science on the Swan.
Perth: A Growing Hub for Innovation and Investment
The Perth Landing Pad, funded through the Department of Jobs, Tourism, Science and Innovation’s $25.8 million New Industries Fund (NIF), seeks to position Perth as a global hub for innovation and entrepreneurship. By attracting major players from the MedTech ecosystem, the initiative opens doors for WA businesses to expand into international markets.
Minister Dawson expressed optimism about the impact of the agreements, “These partnerships with two of the world’s most prominent MedTech incubators could drive the growth of WA’s local innovation sector. The Perth Landing Pad is an ideal platform to encourage international scale-ups to invest in WA, further aligning with the goals of Diversify WA.”
The MOUs are expected to enhance collaboration, foster global partnerships, and promote WA’s burgeoning reputation as a destination for innovation and technological investment.