{"id":654773,"date":"2026-05-07T04:41:10","date_gmt":"2026-05-07T04:41:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/654773\/"},"modified":"2026-05-07T04:41:10","modified_gmt":"2026-05-07T04:41:10","slug":"sydney-start-up-hub-enters-voluntary-administration","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/654773\/","title":{"rendered":"Sydney start-up hub enters voluntary administration"},"content":{"rendered":"<p>The organisation behind of <a href=\"https:\/\/www.9news.com.au\/australia\" target=\"\" rel=\"nofollow noopener\" title=\"Australia\">Australia<\/a>&#8216;s largest and longest-standing early stage start-up communities has co\ufeffllapsed into voluntary administration.<\/p>\n<p>KPMG Australia&#8217;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.<\/p>\n<p>The <a href=\"https:\/\/www.9news.com.au\/sydney\" target=\"\" rel=\"nofollow noopener\" title=\"Sydney\">Sydney<\/a>-based hub supports tech founders by providing co-working spaces, programs and networking opportunities to help start-ups grow from idea to revenue.<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/05\/https:\/\/prod.static9.net.au\/fs\/ada6e63e-1e56-4188-806b-8e0f6743c22d.jpeg\"   alt=\"The Sydney-based hub supports tech founders by providing co-working spaces, programs and networking opportunities.\"\/>The Sydney-based hub supports tech founders by providing co-working spaces, programs and networking opportunities. (Nine)<\/p>\n<p>The voluntary administrators have assumed day-to-day control of the operations of the organisation.<\/p>\n<p>The company will continue to trade as usual as the administrators assess the business, in conjuction with an accelerated sale and recapitalisation process.<\/p>\n<p>Dickerson said Fishburners had been a pillar of the Australian start-up ecosystem.<\/p>\n<p>&#8220;We will seek expressions of interest from parties within the innovation and technology sectors and work with all stakeholders, including the board, employees and founders, to maximise the outcome,&#8221; Dickerson said.<\/p>\n<p>The Fishburners board said in a statement members have determined a formal restructuring would be the most effective way to achieve a sustainable future.<\/p>\n<p>\ufeff&#8221;The board have been actively engaging in consolidation and investment discussions, which the Administrator will now pursue,&#8221; the board said.<\/p>\n<p>A first creditors meeting for Fishburners will be held on May 18.<\/p>\n<p>NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"The organisation behind of Australia&#8216;s largest and longest-standing early stage start-up communities has co\ufeffllapsed into voluntary administration. KPMG&hellip;\n","protected":false},"author":2,"featured_media":654774,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[43,44,41,39,42,40],"class_list":["post-654773","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/654773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=654773"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/654773\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/654774"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=654773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=654773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=654773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}