Queensland is continuing to position itself as a global startup hub with the announcement of the first 26 recipients of Advance Queensland Hot DesQ funding by Innovation Minister Leeanne Enoch today.
The 26 startup companies from around the world and across Australia will be funded to set up their operations in Queensland for a minimum of six months. The Australian-first program to lure successful international and interstate startups to Queensland is part of the Palaszczuk Government’s $405 million whole-of-government Advance Queensland initiative.
“The Palaszczuk Government continues to cement Queensland’s reputation as Australia’s Startup State,” Ms Enoch said. “The talent pool we’re luring to our state through Hot DesQ is truly world-class and includes expertise in artificial intelligence, mechatronics and robotics, and startups that are revolutionising tourism.
“The entrepreneurial knowledge and nous that we have attracted is truly impressive.
“We have seen similar international programs deliver incredible results and we’re confident that Hot DesQ will deliver great returns for our state.”
The Hot DesQ initiative was launched by the Premier at the inaugural Advance Queensland Innovation and Investment Summit in April.
The Hot DesQ recipients include 17 startups from eight countries, including the United Kingdom, Israel, Brazil, Germany and five from the global startup hub of Silicon Valley.
Ms Enoch said the Department of Science, Information Technology and Innovation was finalising the placement of the startup companies in host locations around the state, with further announcements to come over the coming months.
“The expertise and international connections these startups will bring to our local startup sector will be invaluable,” Ms Enoch said. “Many of the successful companies are connected to some of the world’s most notable universities; and a number have been part of global accelerators like Y Combinator and 500 Startups.
“By supporting our local innovators and entrepreneurs through Advance Queensland and providing them with exposure to successful and experienced startups we are creating the environment for them to grow and create jobs for Queenslanders.”
Minister for Innovation, Science and the Digital Economy and Minister for Small Business
The Honourable Leeanne Enoch