In a move to nurture the start-up community, the Council has pledged $5 million over 5 years to a new innovation hub called ‘The Capital’. The Capital will be a coworking space for entrepreneurs to share their equipment, ideas and knowledge.
The Capital will house Digital Brisbane, a part of Brisbane’s economic development board Brisbane Marketing, which assists small to medium businesses grow their digital footprint. Programs and events such as; Entrepreneurship 101, Visiting Entrepreneurs Program, CoderDojo and Powerups will be accessible to the start-up community.
“The Capital will kick-start a ‘Clever Business District’ for Brisbane, by immersing startups into the city’s corporate business precinct, with a view to creating a coworking space for start ups that continue to grow over time.” Lord Mayor Graham Quirk said.
The location of The Capital came down to two potential positions in the heart of the CBD. Lord Mayor Quirk announced the final decision; “From mid-year, The Capital will occupy three levels above the Zara building at 155 Queen Street.”
Fishburners the Sydney based non-profit coworking community and Little Tokyo Two Brisbane’s largest coworking community are the first anchor tenants for the hub. The Capital is estimated to house over 200 startups in the near future.
The founder of Little Tokyo Two, Jock Fairweather will open his new venture Happy Panda Two at The Capital spoke about the location. ” We are so happy and excited to be expanding our style of workplace and culture into the CBD. The new location will provide even more flexibility and room for our members to continue their journey with us and the physical co-location with industry experts and organisations will provide unprecedented opportunities for them too,”.
Fishburners General Manager Murray Hurps spoke about the support to local talent that would be connected to local supporters from other parts of the ecosystem. He went on to say Brisbane has “incredible support for startups, fantastic talent and universities creating more talent, and many great success stories already”.
The Capital’s location is strategic in its planning to make the most of the connections with existimg companies, operators, Council and Government to ensure the support and nurturing of the start-up community.