Queensland’s tech ecosystem boosted by scale-up support

Published: Comments:
Business Business & Economy Environment Queensland Government


Queensland’s technology ecosystem and export opportunities are being enhanced by Palaszczuk Government funding of a trial program supporting companies ready to scale up and take their products into the global markets.

Premier Annastacia Palaszczuk announced at an innovation forum she hosted in London that her Government would contribute $150,000 to fund The Global CEO Scale-Up, in partnership with the Queensland University of Technology’s Creative Enterprise Australia (QUTCEA).

“We’ll fund up to eight businesses ready to scale-up in targeted sectors, including the food industry, for an eight-week program to support their entry into the London market,” the Premier said.

“This aligns two of Queensland’s traditional strengths—agriculture and foods—with innovation, emphasising its value as we grow and transform.

“We’re committed to startups becoming scale-ups because they drive jobs and growth, and this is how we capitalise on our innovation investment.

“Global CEO Scale-Up will provide education, mentoring, support and in-market facilitation for Queensland companies ready to scale up internationally and spend time on the ground.

“This is yet another example of my Government helping to drive forward Queensland’s innovation ecosystem and export opportunities which foster innovation, deliver jobs and establishes our State as an international entrepreneurial hotspot.

“Queensland has 19 per cent of Australia’s startups—more than Victoria and second only to New South Wales.”

Mark Gustowski, CEO of QUTCEA said The Global CEO Scale-Up program would provide an intensive, streamlined path to scale for growing, export-ready Queensland SMEs.

“It will provide connections, learnings from proven market leaders and access to networks across a range of industry verticals, giving them the confidence, tools and support needed for a successful international launch,” Mr Gustowski said.

“Through the funding of scale-up programs with strong international components such as this, the Palaszczuk Government is realising a core part of the economic legacy of the 2018 Commonwealth Games.”

Ian Mason, Entrepreneur in Residence for the program and former Head of Development at Virgin StartUp, said Queensland had taken huge steps toward creating an environment in which start-ups could thrive under the Palaszczuk Government.

“Scaling a business however, is significantly harder than starting one and requires a vastly different skill set in order to succeed at doing so,” Mr Mason said.

“Therefore, it’s important that the state also builds capacity to support established founders through programs such as The Global CEO Scale-Up. I’m delighted that the Premier has been able to make this announcement and look forward to welcoming the chosen businesses into the program later this year.”

The Premier was addressing a gathering of Queensland and British companies, entrepreneurs, and international business representatives at the Queensland Innovation Forum—hosted in partnership with the Commonwealth Bank of Australia—to engage and support pioneering innovation Queensland companies operating in-market, and to promote the State’s innovative technology sectors.

“London hosts one of the biggest and most vibrant startup communities in the world, so it speaks volumes about our reputation in the international tech ecosystem and entrepreneurial community that Queensland companies are succeeding here,” the Premier said.

“Queensland is Australia’s innovation State because my Government is creating the right environment and ecosystem for tech companies to flourish, so innovators and entrepreneurs know they will be supported all the way to succeed.

“Underpinning this is our $650 million Advance Queensland initiative which fosters innovation, builds on our natural advantages, raises our profile as an attractive investment destination, and delivers jobs.

“Advance Queensland has supported 4,450 innovators with projects driving more than 14,800 jobs, which is great for Queensland’s economy, great for increasing engagement, and great for startups, innovators and entrepreneurs.”

The Queensland Innovation Forum was led by Queensland Chief Entrepreneur Leanne Kemp who facilitated the discussion with the panel including the Operating Officer of TechnologyOne Anwen Robinson, the Chief Operating Officer and founder of Go1 Chris Eigeland, and the Innovation Manager of Commonwealth Bank of Australia Mukund Umalkar.

“The Forum will help to foster the growth of Queensland companies and also encourage the corporate community to support our entrepreneurs,” Premier Palaszczuk said.

“My Government ensures innovators and entrepreneurs receive the right support at the right time, so Queensland’s economy continues to thrive into the future.”

The Premier is in London on the last leg of her 11-day trade mission to the United Arab Emirates, Germany and the United Kingdom.

Premier and Minister for Trade
The Honourable Annastacia Palaszczuk

Annastacia Palaszczuk : Queensland Premier and Minister for Trade :
PO Box 15185, City East, Queensland 4002, Queensland Wide
07 3224 4500
Annastacia Palaszczuk : Queensland Premier and Minister for Trade
Showing 10+ recent articles for this business
Queensland’s tech ecosystem boosted by scale-up support 14 April 2019 | Queensland’s technology ecosystem and export opportunities are being enhanced by Palaszczuk Government funding of a trial program supporting companies ready to scale up and take their products into the global... More information...
Queensland ready to do more business with major UK investors 14 April 2019 | Queensland’s status as an attractive international investment location has been emphasised at an investor roundtable meeting hosted in London by Premier Annastacia Palaszczuk. More information...
Premier meets with top-tier German investors in Berlin 11 April 2019 | Premier Annastacia Palaszczuk has shared Queensland’s ever-expanding strengths as an attractive investment location with representatives from Germany’s top-tier companies at a roundtable in Berlin last night... More information...
Sunshine Coast company RADAQUA growing fish in the desert outside Abu Dhabi 10 April 2019 | Buderim-based company RADAQUA has worked with Emirates Fish Farms (EFF) to deliver a ‘proof of concept’ seafood production facility in the desert outside Abu Dhabi, using Queensland innovation to address food... More information...
Premier’s mission to promote innovation and investment UAE, Germany and UK 07 April 2019 | World-leading Queensland businesses, international investment opportunities and emerging technologies will be showcased as Premier Annastacia Palaszczuk embarks on a trade mission to the United Arab Emirates... More information...
Queensland to host United Nations disaster conference 05 April 2019 | Queensland’s expertise in disaster management, recovery and mitigation has been recognised by the United Nations with Brisbane to host the 2020 Asia-Pacific Ministerial Conference on Disaster Risk Reduction. More information...
Regional transport infrastructure Palaszczuk Government priority 04 April 2019 | Billions of dollars of investment and tens of thousands of jobs are being delivered by the Palaszczuk Government on transport and roads projects in regional Queensland. More information...
"Back in Black but Queensland still left in the dark" - Premier 03 April 2019 | STATEMENT FROM THE PREMIER - FEDERAL BUDGET. There were 4,077 words in last night’s budget speech. More information...
New innovation strategy set to create jobs and solve challenges 02 April 2019 | Premier Annastacia Palaszczuk has today announced a blueprint for Queensland’s future to drive jobs growth and solve some of the state’s largest challenges through innovation. More information...
Queensland deserves fair share from Canberra 02 April 2019 | In tonight’s budget I want to see Queenslanders finally receive a fair share from Canberra of the taxes they are paying. 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