The Queensland Government’s $755 million Advance Queensland initiative reaches a new milestone this month, celebrating its 5th birthday on 13 July 2020.
Following government commissioned research into how Queensland could maximise the benefit of investing in innovation, the Advance Queensland initiative was launched with a $180 million investment in July 2015.
Since then, Advance Queensland has rolled out a range of programs to develop entrepreneurial and research talent, build Queensland’s research and development capacity, support startups and businesses to deliver new products and services into global markets and establish new industries that will provide the jobs of the future.
Working in partnership with nine Queensland Government departments and the broader innovation ecosystem, together we have invested more than $1 billion in Queensland to support economic growth and help create jobs across all our regions.
Advance Queensland Achievements
How does Advance Queensland compare to the broader innovation ecosystem?
According to industry research*, Advance Queensland business recipients are nine times more likely than the general business population to grow and have a higher rate of patents than the general business population.
Patenting activity is recognised as an indicator of innovation and on average, an Advance Queensland recipient generates about 9.3 patents. This compares to an average of 0.2 patents for the general business population.
Advance Queensland recipients also have a better survival rate than the general business population with a 95 per cent survival rate, compared to only a 50 per cent survival rate for the national business population.
Queenslanders are at the heart of what we do, and we want to celebrate your successes to highlight the thriving talent across our state. Our fifth birthday is an ideal opportunity to reflect on our progress and commemorate the achievements of Queensland’s innovation ecosystem.
Join our 5th birthday virtual event
Join Deputy Director-General, Department of State Development, Tourism and Innovation, Dr Sarah Pearson and for a special virtual event as she discusses the future of innovation in Queensland with special guests:
- Shannon Ruska, Tribal Experiences.
- Lisa Siganto, Executive Chair, ImpaQt Qld and ImpaQt Ventures.
- Prof Geraldine MacKenzie, Vice-Chancellor University of Southern Queensland.
- Sheryl Batchelor, CEO and founder of Yiliyapinya Indigenous Corporation.
- Jane Hunter, CEO Tritium.
- Dr Kelvin Ross, Director of the Queensland AI Hub, Chief Technology Officer Datarwe, Director of AIKademi, Director of IntelliHQ, Founder and Chairman of KJR & Associates Pty Ltd.
Watch the live stream of the webinar
Discover our top 10 milestones
Advance Queensland is testament that a lot can happen in five years and it was no easy feat narrowing down our top 10 achievements! Visit our webpage to find out more.
Our fifth birthday is as much about you, as it is about us! Our case studies highlight the real-life success stories and show how Advance Queensland has supported Queenslanders on their innovation journey.
Participate in our #AQturns5 social media campaign
This is the perfect opportunity to praise your innovation ecosystem community and share how Advance Queensland has helped you on your journey to success! Use #AQturns5 and #high5forAQ to share your own #communityAQ success stories!
*ANALYSIS BY: Pandey V. and Moyle C. 2020, Business School of Management, Business School, QUT, Brisbane.