The Precinct start-up space proving successful

The Precinct collaboration space in Fortitude Valley is turning Queensland into a global start-up hotspot, according to the government.

Entrepreneurs, innovators and investors are making good use of the space, which is funded by the Queensland Government.

“The Precinct is positioning Queensland as an ideal destination for start-ups, where the best and brightest come to transform new ideas into high growth businesses,” said Minister for Innovation, Science and the Digital Economy Leeanne Enoch.

“Emerging innovators and entrepreneurs have enjoyed working in this innovation hub for eight months, enabling them to forge ahead with job-creating companies.”

The government invested $6 million from its $420 million Advance Queensland initiative to deliver The Precinct, which is home to 18 tenants including start-ups, investors and government agencies’ innovation teams.

Member for Brisbane Central Grace Grace said The Precinct’s ‘Stair Stadium’ event space has proven to be the heart of the Queensland start-up ecosystem, by already hosting more than 170 events.

The events include start-up weekends, pitch nights, demo days, GovHack events and meet-ups.

“The Precinct has a dedicated ‘Regional Landing Pad’ to link Queensland’s regional start-up spaces and create a statewide network of innovation to foster more entrepreneurialism in Queensland,” Grace said.

“Regional entrepreneurs can work from The Precinct in Brisbane, while remaining connected to their home region.”

The Precinct’s foundation tenants include River City Labs, CSIRO’s Data61, eHealth Queensland, Softbank Technologies from Japan, the Open Data Institute of Queensland, One Ventures, R&R Strategic, Enigma Consolidated (formerly CyberLabs), ClipChamp, Find-Me, Airway Medical Innovations and Myriad — who are behind Australasia’s leading technology and innovation festival.

“We’ve got a lot of emerging talent in the tech start-up space, but we need to keep pushing them towards a global mindset,” said Queensland’s new Chief Entrepreneur, Steve Baxter.

“Concentrating the many facets of the start-up community in The Precinct will help us achieve this.”

Advance Queensland is the government’s whole-of-government suite of initiatives transforming the state’s economy, creating jobs and building Queensland’s reputation as a global innovation and investment destination.

Image credit: ©stock.adobe.com/au/contrastwerkstatt

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