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Emerging businesses in Southland are set to benefit from $550,000 of Provincial Growth Funding in business start-up network, COIN South.
Minister Shane Jones announced the funding today as part of a $1.7m injection into regional projects to help drive Southland’s economic growth. “These projects will help turn the region’s strategy into action,” Jones said.
COIN South is a strong network of Southland’s leading community organisations, businesses and individual investors that are collaboratively investing in and supporting the region’s innovation and entrepreneurs.
Its aim is to equip entrepreneurs with the skills, networks and funding they need to grow sustainable and successful high-growth businesses from Southland.
Based on the objectives from the Southland Regional Development Strategy (SoRDS), Chief Starter, Prue Halstead said that the PGF funding will be “instrumental in developing a collaborative network to help drive innovative projects and accelerate the region’s productivity growth.”
“This funding allows COIN South to focus on creating a culture where we can nurture, fund and grow emerging Southland businesses.”
Neil McAra, Chair of COIN South, said that the support from the Provincial Growth Fund will be transformational for the region: “This funding cements the strong support that has already been received from Southland’s community and business funders and is a game changer for the local start-up ecosystem”.
COIN South will be operating out of its new offices at 42 Don St from the beginning of August. Those early stage businesses wanting to explore working with COIN South can visit coinsouth.nz
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