Startups, entrepreneurs, developing businesses and angel investors now have a stunning collaborative space to call home with the opening of Brisbane City’s new innovation hub, The Capital.
On Thursday 20 October, the foundation tenants along with Lord Mayor Graham Quirk officially opened The Capital, which will house more than 200 startups in a co-working space that will also provide professional support services.
Many more startups will also be supported through events and activities that will connect them to mentors and other experienced business people.
The Capital, which occupies three levels above Zara in the Queen Street Mall, will also be the new home for Digital Brisbane, some of its programs and the city’s Chief Digital Officer, Cat Matson.
“It will be truly incredible to be immersed in The Capital and up close with the people we want to help get connected to the array of incredibly bright minds the space will have,” Ms Matson said.
“We really want to showcase Brisbane’s startup and entrepreneurial talent to residents and visitors to grow our reputation as a talent hotspot and a place where global businesses are born.
“It will also be incredibly valuable to expose other Brisbane SMEs to the wider entrepreneurial community when we host some of our key educational programs such as Power-Up in The Capital’s community space on Level 2.”
Joining Digital Brisbane in the space will be its two foundation tenants, startup incubators Fishburners and Little Tokyo Two.
Fishburners, on Level 3 of The Capital, will help inexperienced businesses to grow with free professional services to its members, including legal advice from startup-friendly law firms, startup accounting advice and user experience design advice.
When startups outgrow the space and services at Fishburners, they will be given opportunities to “scale up” their operations with Little Tokyo Two on Level 4.
Level 2 of The Capital is designed to be a community space for Brisbane’s broader startup community where they can meet, connect and be inspired.
The creation of a startup hub was a key recommendation of the Brisbane 2022 New World City Action Plan.
The city has committed $5 million over five years to nurture and expand Brisbane’s startup community.