Sunday, June 23, 2024

Brisbane named in global startup ecosystem top 40

Brisbane has been named as one of the top 40 emerging ecosystems for start-ups in the 2024 Global Startup Ecosystem Report.

The report, released overnight at London Tech Week, places Brisbane at number 34 on its list of Emerging Startup Ecosystems globally.

Queensland’s capital has climbed 13 positions in 12 months, after being ranked at 47th in the 2023 report.

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.

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.

In the top 10 rankings, Silicon Valley in the US took first place; London and New York tied for second place; Los Angeles and Tel Aviv tied for fourth place; while Boston took sixth place. Singapore came in at seventh, with Beijing at eighth, and Tokyo at 10th place.

“For Brisbane to be named as one of the top 40 emerging ecosystems for start-ups in the world, sitting alongside innovation superhubs like Silicon Valley, New York and London, is great news,” said Queensland Minister for Innovation and Science, Leanne Linard.

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

“Our rise in the rankings is also recognition of our cutting-edge research infrastructure, the city’s tech talent, and a strong entrepreneurial culture.

“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, the Minister said.

“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.

“The Miles Labor Government believes in the power of innovation and supporting innovative start-ups in Queensland.

“Advance Queensland is our commitment to drive a more diversified Queensland economy, strengthen regional growth and create jobs, and to enable Queensland to become a leading and sustainable, world-class innovation economy.”

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