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CREEDA Business Centres: Always moving to improve

by Carol James

December 2001

Australia, well known for its indigenous fauna, including wallabies and wombats, also has an indigenous breed of incubators the CREEDA Business Centres in Canberra, the nation's capital.

"We're always driven by how to get better, better, better," says CREEDA President and CEO Julian Webb. The incubation program Down Under now is on top of the world the first incubator outside the United States to win NBIA's Incubator of the Year award.

CREEDA Business Centres (CBCs), a network of three incubators operated as one, won the 2001 award in the mixed-used category. Largely through the incubators, CREEDA the Capital Region Enterprise and Employment Development Association is accomplishing its mission to create long-term sustainable employment by assisting and nurturing new and growing businesses. Since the first of its three incubators opened in 1989, CREEDA's incubation program has served more than 300 client companies and graduated more than 140 of them. Clients and graduates have created 1,355 jobs and in the year ended June 30, 2000, had sales revenues totaling US$69.9 million (AU$129.5 million).

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Keywords: best practices, incubator network, international incubation

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