Queensland: An Emerging Global Startup Hub

StartupBlink has launched the Startup Ecosystem Ranking Report 2019 that now ranks 1,000 cities and 100 countries worldwide and is available for download here.

Queensland, the second-largest and third-most populous state in Australia, has seen a huge surge of startup activity over the past 5 years. This was not an accident, rather a well-orchestrated effort with massive funding from the government to turn Queensland into a global startup hub. Queensland has to offer all the vital building blocks for a thriving startup ecosystem.

Talent – Queensland is home to 31 Australian universities campuses, including the University of Queensland, ranked 48 globally. These universities are a fantastic source of high-quality talent.

Access to funds – the state government is fully committed to supporting the startup ecosystem in Queensland. Over the past 5 years, it invested over half a billion AUD into programs which helped fund and support startups and innovation.

Cost of living – Unlike Sydney and Melbourne, the cost of living in Brisbane is very reasonable. Rent, transportation, food, and other basic living expenses are relatively inexpensive.

Lifestyle – Sunshine, easy access to beaches, safety, excellent public transportation, and many other things make Queensland very hard to compete with when it comes to a great lifestyle.

Queensland has already produced a number of startups which are operating on a global scale and have the potential to become Australia’s next unicorns, following the footsteps of Atlassian and Canva. A few examples are Tanda, Go1, and Skedulo.

Written by QUT bluebox.