Sydney start-up hub collapses into administration

Sydney start-up hub collapses into administration

The organisation behind of Australia's largest and longest-standing early stage start-up communities has collapsed into voluntary administration.KPMG Australia's Gayle Dickerson and Phil Quinlan will oversee a strategic restructing of not-for-profit Fishburners, which has fostered more than 35,000 entrepreneurs since 2011, including furniture company Koala and pet-sitting service Mad Paws.The Sydney-based hub supports tech founders by providing…

Voluntary administrators appointed at Sydney start-up hub Fishburners

Notable alumni from the organisation include start-ups Koala, Mad Paws and Car Next Door.

Fishburners enters administration in major blow to Australian startup scene

The administration spells an uncertain future for the not-for-profit, which evolved from a single hub in Ultimo to a community spanning over 35,000 entrepreneurs. The post Fishburners enters administration in major blow to Australian startup scene appeared first on SmartCompany.