Brisbane named in top 40 emerging ecosystems to set up an innovation business

Minister for the Environment and the Great Barrier Reef and Minister for Science and Innovation The Honourable Leanne Linard
  • 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, up from 47th in 2023.
  • The report is a comprehensive analysis of the current state of startup ecosystems worldwide.

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

The report, release 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.

As stated by Minister for Innovation and Science, Leanne Linard:

“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.

“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.

“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.

“Since its inception, Advance Queensland has supported more than 8,100 recipients, whose projects have directly driven over 31,500 jobs and leveraged $1 billion in funds from external partners and investors.

“The Miles Labor Government will continue to support innovative start-ups in Queensland through our Advance Queensland initiative.

“The LNP no policies, no plans to support innovation and start-ups in Queensland.

“They last time they were in government, they cut more than $50 million from the Innovation budget and slashed more than 56 innovation staff.

“The LNP is simply too great a risk for Queensland’s innovation ecosystem and the jobs and economic activity it supports.”

As stated by QUT Pro Vice-Chancellor Entrepreneurship and Regional Innovation, Professor Rowena Barrett:

“The naming of Brisbane in the top 40 global emerging ecosystems for startups 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!”

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