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Brisbane nurtures startups with innovation hub

A new co-working center for entrepreneurs in Brisbane, Australia, will be located in the city's central business district. (Martin Valigursky / Shutterstock.com)

Brisbane, Australia is rolling out the welcome mat for startup companies. Lord Mayor Graham Quirk announced the creation of a A$5 million (US$3.6 million) innovation hub dubbed “The Capital,” according to Choose Brisbane.

The hub, to be located in the central business district, is designed to encourage interaction between tech entrepreneurs and government and industry officials. These “creative collisions” could spark innovative problem-solving for mainstream companies and agencies, the site says.

The innovation hub would feature inexpensive co-working space and digital training, along with ample opportunities to pitch ideas to potential funders. Among the tenants will be Sydney-based Fishburners, a non-profit that helps other new ventures launch. Brisbane is positioning itself as an innovation catalyst for the Asia Pacific region. 

Source: 
Choose Brisbane

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