Queensland tech startup kicks goals in equity crowdfunding

Published: Comments:
Business Business & Economy Charity & Not For Profit Political Queensland Government Small Business Technology & Communications


Advance Queensland Hot DesQ participant and crowdfunding pioneer PledgeMe has made history as the only female-led equity crowdfunding platform to be licensed in Australia.

The startup, which relocated here from New Zealand in October 2017, was also the first Queensland-based business and one of only nine across Australia so far to secure one of the ground-breaking licenses from the Australian Securities and Investments Commission early this year.

Innovation Minister Kate Jones said Queensland had a growing number of powerful female innovators and entrepreneurs working to build the future of our state.

“Licences to crowdfund are particularly rare in Australia – it’s great that we’ve been able to lure PledgeMe to Queensland to help local companies raise funds for new ventures,” she said.

“We know there is a disproportionate number of male CEOs and founders in the startup world so it’s also great to back Australia’s only female-led crowdfunding provider.

“PledgeMe are working hard to give women in Queensland a leg-up with their startup ideas - they have raised $26 million for startups to date, with half their successful equity and lending campaigns having female CEOs.

“Through our Advance Queensland Hot DesQ program, we’re attracting some of the world’s best innovators to our state by providing funding, free coworking space, access to new markets, connections and customers and support from a range of corporate partners.

“We’re committed to investing in innovation to create the jobs of the future in Queensland.

“That’s why we’ve committed more than half-a-billion-dollars to our Advance Queensland fund to support companies like PledgeMe to thrive in our state.

Ms Jones said the Palaszczuk Government has a strong history of promoting gender equity among startups.

“On International Women’s Day this year we announced the Advance Queensland Female Founders Program - a $3 million investment to support Queensland’s female entrepreneurs.”

Founded in New Zealand, PledgeMe offers project, equity, and lending-based crowdfunding to support a variety of objectives from social enterprises to craft beer companies.

PledgeMe was one of 28 startups that successfully competed for the chance to relocate to Queensland under the second round of the Palaszczuk Government’s Advance Queensland Hot DesQ initiative.

The startups were from nine countries, including the US, Chile, Canada, Switzerland, and the UK – as well as from Victoria and New South Wales.

PledgeMe CEO Anna Guenther said that Queensland is an optimal location for startups.

“We chose to move to Queensland because of the Hot DesQ program, and decided to stay because of the Queenslanders we met during our six months here,” Ms Guenther said.

“The local support has been amazing. There’s a real focus on relationships, helping each other, and collaboration.”

PledgeMe plans to launch its first equity crowdfunding campaign in Australia in July.

Hot DesQ is an initiative of Advance Queensland, part of the $650 million initiative to transform Queensland’s economy, create the jobs of the future and build Queensland’s reputation as a global innovation and investment destination.

Hot DesQ recipients receive up to $100,000 to relocate to Queensland for six months at a Queensland startup host organisation.

The third round of Hot DesQ funding will open later in 2018. Potential applicants may register their interest by emailing hotdesq@ditid.qld.gov.au.

For more information about the Hot DesQ program, visit http://hotdesq.com.au/ or http://advance.qld.gov.au/entrepreneurs-startups/startup-attraction-hot-desq.aspx

Minister for Innovation and Tourism Industry Development and Minister for the Commonwealth Games
The Honourable Kate Jones

Kate Jones : Queensland Government, Minister for Innovation and Tourism Industry Development and Minister for the Commonwealth Games :
PO Box 15033, City East QLD 4002, Queensland Wide
07 3719 7530
13 74 68
Kate Jones : Queensland Government, Minister for Innovation and Tourism Industry Development and Minister for the Commonwealth Games
Showing 10+ recent articles for this business
New data shows 177,500 jobs created since 2015 13 September 2018 | The Palaszczuk Government’s commitment to growing the economy helped deliver 7,100 new jobs in August, including 6,200 new full-time jobs. More information...
Innovation report shines spotlight on future of state's job market 29 August 2018 | A detailed report into the future of Queensland’s jobs market highlights the growing demand for government-backed innovation to drive the state forward, with up to one million new jobs projected to be created by... More information...
Government re-opens program to lure innovators to Queensland 16 August 2018 | The government’s Australian-first Hot DesQ program aimed at luring some of the world’s best startup talent to Queensland will open up for a third round of funding at midday today (14 August). More information...
Document proves the LNP sought legal advice to scrap the Games 01 August 2018 | Months after the LNP denied ever requesting legal advice to scrap the Commonwealth Games, Minister Kate Jones has today released the proof to the public. More information...
Ministers appoint Queensland’s newest Young Tourism Leaders 24 July 2018 | Tourism Industry Development Minister Kate Jones and Training Minister Shannon Fentiman today appointed Queensland’s 20 new Young Tourism Leaders and officially launched an Instagram site to promote tourism job... More information...
Queensland tech startup kicks goals in equity crowdfunding 12 July 2018 | Advance Queensland Hot DesQ participant and crowdfunding pioneer PledgeMe has made history as the only female-led equity crowdfunding platform to be licensed in Australia. More information...
Palaszczuk Government ramps up support for regional tech startups 10 July 2018 | Tech entrepreneurs in regional Queensland will be given a leg-up as part of a new Palaszczuk Government program announced today by Innovation Minister Kate Jones. More information...
Robotics conference proves Queensland leads the way 21 May 2018 | Queensland continues to establish itself as the most entrepreneurial state in Australia as the International Conference on Robotics and Automation officially opens at the Brisbane Convention and Exhibition Cent... More information...
Regional innovators headed to state’s marquee innovation festival 18 May 2018 | Up to 120 entrepreneurs from around regional Queensland will connect with global innovation leaders at the Myriad innovation festival in May with support from the Palaszczuk Government. More information...
Iconic stock exchange bell rings through Brisbane to open Myriad 17 May 2018 | Innovation Minister Kate Jones today officially opened Myriad Festival by joining ASX Chairman Rick Holliday-Smith and NAB Chairman Dr Ken Henry AC to ring the Australian stock exchange bell. More information...

comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service