Brisbane a top place to start a business

Brisbane has been named in the top 40 emerging ecosystems for start-ups in the world.

The 2024 Global Startup Ecosystem Report ranked Brisbane at number 34 on its list of Emerging Startup Ecosystems globally – up from 47th in 2023.

The report is a comprehensive analysis of the current state of startup ecosystems worldwide.

Brisbane joins major innovation hotspots such as Silicon Valley, New York, London and Singapore in the Top 40.

Minister for Science and Innovation, Leanne Linard, says the rankings rise recognises Brisbane’s, “cutting-edge research infrastructure, tech talent, and a strong entrepreneurial culture.

“It recognises the efforts of many stakeholders who have worked to position Brisbane as a city where innovative sparks ignite and take hold,” she said.

“It’s also due, in part, to our government’s Advance Queensland agenda, which is responsible for supporting, scaling and creating a range of innovation and entrepreneurial activities across defence technologies, cleantech, unmanned aerial systems, medtech, and deep tech.

“Thanks to our government’s investment, 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.

“The city is also one of four Australian digital technology superclusters.

“Innovation is critical for driving growth in Queensland’s economy and creating good jobs, and it has never been more important than now for innovation to be at the very core of everything Queensland does.”

QUT Pro Vice-Chancellor Entrepreneurship and Regional Innovation, Professor Rowena Barrett, said the recognition is “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.

“Through corporates working with entrepreneurs, training in schools and universities that make entrepreneurship an acceptable career choice and increased funding for new ventures, Queensland is the place for entrepreneurs!"

Life Sciences Queensland is proud to be part of this thriving start-up ecosystem connecting research institutions with industry and governments at all levels.

The Global Startup Ecosystem Report is compiled by Startup Genome and the Global Entrepreneurship Network and is 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.

Image by DC Studio at Freepik



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