NSW Business Chamber national corporate relations manager Jo Spencer said it was focusing more national attention on Wollongong and its stand-out university.

“This is such an advantage for the city and for entrepreneurial startups and for students to get into innovative projects. It is really an important part of Wollongong’s future as it moves towards a knowledge economy,” she said.

RDA Illawarra chief executive Debra Murphy said iAccelerate is already bringing more vibrancy. “It means there are more growth opportunities now and a place for businesses with seed ideas to flourish,” she said.

UOW lays a golden egg for Illawarra economy