Brisbane more appealing to start-ups

Man on computer with people rushing in background. | Newsreel
Brisbane has improved in a global ranking of start-up ecosystems. | Photo: Hispanolistic (iStock)

Brisbane has improved its appeal to business start-ups, according to a new report.

The Queensland capital has broken into the top 40 in the latest Global Startup Ecosystem Report.

State Science and Innovation Minister Leanne Linard said the report placed Brisbane at number 34 on the list of Emerging Startup Ecosystems globally.

Minister Linard said the city has climbed 13 positions in 12 months.

“The ranking puts Brisbane in great company, with major innovation hotspots like Silicon Valley, New York, London and Singapore also ranked in the top 40,” she said.

Minister Linard said the report was compiled by Startup Genome and the Global Entrepreneurship Network and was a comprehensive analysis of the current state of startup ecosystems worldwide.

“In compiling the rankings, more than 300 innovation ecosystems across over 100 counties were surveyed and extensive data from 3.5 million startups across 290 global ecosystems was analysed.”

She said Brisbane’s rise in the rankings was recognition of the cutting-edge research infrastructure, the city’s tech talent, and a strong entrepreneurial culture.

“Brisbane is now one of the fastest growing tech hubs in the country, with more than 185,000 tech workers expected to be employed by 2030.”

QUT Pro Vice-Chancellor Entrepreneurship and Regional Innovation Professor Rowena Barrett said Brisbane being named in the top 40 global emerging ecosystems for startups was testament to the ongoing investment and contribution by all the key stakeholders in the system.

“Consistent Queensland Government policy has played a key role, as has the diverse and supportive activities of Queensland’s five Chief Entrepreneurs championing innovators and entrepreneurs across the state,” Professor Barrett said.

Read the full report.