The budget for the Sydney Startup Hub has been slashed by a third, but the accelerator groups it houses — Fishburners, Tank Stream Labs and Stone & Chalk — won’t be forced out.
The $5.6 million cut to the hub’s budget, revealed by government officials on Wednesday, will mean scaled back programming at the 17,000sqm York Street site currently undergoing an upgrade.
Cuts to the hub were first revealed in September following the state Budget but the exact amount was not disclosed at the time.
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