quantum chip
Quantum Computing

Federal and Queensland governments bet big on US-based PsiQuantum in $940 million deal to bring quantum computing home

- April 30, 2024 3 MIN READ

The federal and Queensland governments have put the house on a US quantum startup over local rivals in a financial package worth $940 million (US$620m) to build a quantum computer in Brisbane. PsiQuantum was founded in Palo Alto, California in 2015 by expat Australian professors Jeremy O’Brien, Terry Rudolph, Mark Thompson and Dr Pete Shadbolt.… Read more »

Leanne Linard
Funding

Queensland has opened 2 grant programs for women founders, worth up to $200,000 a pop

- March 14, 2024 2 MIN READ

The Queensland government’s support for women in startups has continued with two grant programs under the $8 million Backing Female Founders initiative currently accepting new applications. The Accelerating Female Founders Program provides grants worth between $50,000 and $200,000 for business support initiatives, such as mentoring and advocacy support and customised business development activities, for female-led… Read more »

Funding

Queensland government refuels rocket builder Gilmour Space in $55 million Series D

- February 19, 2024 2 MIN READ

Gold Coast-based Gilmour Space Technologies has raised $55 million in a Series D ahead of a maiden launch in Queensland later this year.   The raise was led by the state government-backed Queensland Investment Corporation (QIC), an existing investor, alongside VCs Blackbird and Main Sequence, plus superannuation funds HostPlus and HESTA. The cash will fund the… Read more »

QIC Private Equity partner Nicholas Guest
Accelerator

Queensland is backing 5 accelerators, including Farmers2Founders & Energylab, to help 100s of startups get VC-ready

- February 15, 2024 2 MIN READ

More than 160 early-stage Queensland startups will be supported to become venture capital investment-ready under accelerator programs delivered through the Queensland Venture Capital Development Fund (QVCDF).  The fund, managed by Queensland Investment Corporation (QIC), will support an initial five accelerators to run thematically relevant programs focused on the state’s priority industries. The accelerators are: Farmers2Founders, ​EnergyLab,… Read more »

Bede Moore and Mike Abbott, Antler
Venture Capital

Queensland government backs 5 VCs, including Antler and Main Sequence, with $130 million

- February 14, 2024 3 MIN READ

The Queensland government’s new venture capital development fund has backed five VCs: Antler, Five V Capital, Main Sequence, Mandalay Venture Partners and Salus Ventures, with a combined $130 million investment. Treasurer and Minister for Trade and Investment Cameron Dick said the deals will give Queensland startups access to up to $200 million in new matched… Read more »

EV charger EVOS
Climate Tech

GLOBAL CHARGE: Brisbane clean tech startup EVOS Energy breaks into India with export grant

- February 6, 2024 3 MIN READ

Brisbane electric vehicle charging startup EVOS Energy is one of 35 exporters backed with funding and support from Trade and Investment Queensland’s Go Global Export Program. EVOS Energy is taking its Australian-made EV home chargers and fleet energy management to the world with a little help from the Queensland Government. The sixth round of Trade… Read more »

AQC cofounders Tom Stace and Arkady Federov
Quantum Computing

Uniseed backs Queensland’s first quantum hardware startup with $3 million round

- October 30, 2023 2 MIN READ

  Two University of Queensland professors have launched a quantum hardware startup with $3 million from Australia’s oldest VC fund, Uniseed. Analog Quantum Circuits (AQC) is the brainchild Professor Tom Stace and Associate Professor Arkady Federov following a decade of research. The startup plans to design and fabricate advanced superconducting devices for quantum computing. It’s the first… Read more »

Simone Joyce Paypa
Funding

Queensland govt, Mastercard back fintech Paypa Plane in $10 million Series A

- March 31, 2023 2 MIN READ

Brisbane fintech Paypa Plane, which is at the forefront of instant payments, has raised $10 million in a Series A. The round was led by the Queensland Investment Corporation (QIC) through the government’s $100 billion Business Investment Fund, with support from payments platform Cuscal, Mastercard and Queensland VC Sprint Ventures. Paypa Plane is hoping to… Read more »

Herik Labs rocket
Space

Queensland University engineers are entering the space race with clean, green 3D-printed rocket engines

- March 31, 2023 2 MIN READ

A team of University of Queensland (UQ) engineers who designed a sustainable and affordable 3D-printed rocket engine has won two awards for their invention Herik Labs won the Entrepreneur of the Year and People’s Choice awards at the UQ’s Ventures ilab Accelerator Pitch Night for their oxygen and hydrogen-powered engine. Made in a fraction of… Read more »

People

Regional Queensland startup founder Julia Spicer named the state’s new Chief Entrepreneur

- November 24, 2022 2 MIN READ

Goondiwindi-based businesswoman Julia Spicer has been appointed Queensland’s new Chief Entrepreneur. She will step into the year-long voluntary role, taking over from Wayne Gerard, next month. The appointment by Premier Annastacia Palaszczuk comes as the state turns its attention to hosting the Olympic Games in 2032 and the opportunities it provides for innovation and business.… Read more »

Events

Queensland is showcasing its best startups and tech at Something Fest

- October 24, 2022 2 MIN READ

Brisbane turns its attention to tech this week with a series of events celebrating the best of Queensland fast-growing tech and startup sector. The week-long Something Fest, Queensland’s digital, innovation and technology festival, kicks off on Monday with the Something X, an all-day conference organised by the Queensland Chief Entrepreneur that brings together globally renowned… Read more »

Space

Virgin Orbit is going to set up a space launch base in Queensland

- September 21, 2022 2 MIN READ

Sir Richard Branson’s Nasdaq listed rocket launch company, Virgin Orbit, is setting up shop in Toowoomba, 100km west of Brisbane, taking up an offer to establish its third global launch site from local entrepreneurs the Wagner brothers. Virgin Orbit (Nasdaq: VORB) has signed a Memorandum of Understanding  with ASX-listed Wagner Corporation (ASX: WGN), which operates… Read more »

Politics

Queensland reveals $142 million, 10-year innovation roadmap ahead of the Brisbane Olympics

- July 28, 2022 3 MIN READ

The Queensland Government has earmarked $142 million  for a new tech roadmap designed to drive innovation in the decade leading up to the 2032 Olympic Games in Brisbane. Premier Annastacia Palaszczuk said that the new Advance Queensland – Innovation for a Future Economy 2022-2032 roadmap builds on the success of our existing Advance Queensland innovation… Read more »