Startups coming to Fortitude Valley
Last month, Premier Annastacia Palaszczuk announced the Queensland state government’s intention to inject money into its growing start-up culture at Fortitude Valley.
As part of the state government’s ‘Advance Queensland’ project, it will be spending $4m on up to 500 startup businesses. This includes upgrading the historic TC Beirne Building to create an environment designed to encourage creative thinking.
Palaszczuk said that the 2500 square metre precinct will become home to some of Australia’s leading start-up entrepreneurs, adding:
While Leeanne Enoch, Minister for Innovation, said the precinct will bring Queensland’s startups, investors, incubators, mentor, and investors together under one roof, thus helping businesses investments flourish.
CSIRO is also a key player in the precinct’s development as a foundation partner and keen supporter.
The centre will be open by October 2016, with the hope of supporting local businesses and attracting new innovators to the Sunshine State. Flyer and banner printing may be used by startups to advertise their products.
Already, Queensland has developed start-up centres at the Gold Coast, Sunshine Coast and Ipswich, and this announcement comes after the completion of Brisbane’s own $5m innovation hub.
As part of the state government’s ‘Advance Queensland’ project, it will be spending $4m on up to 500 startup businesses. This includes upgrading the historic TC Beirne Building to create an environment designed to encourage creative thinking.
Palaszczuk said that the 2500 square metre precinct will become home to some of Australia’s leading start-up entrepreneurs, adding:
“[They will] gather, incubate their ideas and learn from each other.”
"Research indicates that high-growth technology companies can contribute up to $109 billion to the Australian economy and create more than half a million jobs by 2033.”
While Leeanne Enoch, Minister for Innovation, said the precinct will bring Queensland’s startups, investors, incubators, mentor, and investors together under one roof, thus helping businesses investments flourish.
CSIRO is also a key player in the precinct’s development as a foundation partner and keen supporter.
The centre will be open by October 2016, with the hope of supporting local businesses and attracting new innovators to the Sunshine State. Flyer and banner printing may be used by startups to advertise their products.
Already, Queensland has developed start-up centres at the Gold Coast, Sunshine Coast and Ipswich, and this announcement comes after the completion of Brisbane’s own $5m innovation hub.