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    Coat of ArmsMedia Release
    Minister for Innovation, Science and the Digital Economy and Minister for Small Business
    The Honourable Leeanne Enoch

    Advance Queensland Hot DesQ applications grow by 60%

    Minister for Innovation, Science and the Digital Economy and Minister for Small Business
    The Honourable Leeanne Enoch

    Wednesday, May 24, 2017

    Advance Queensland Hot DesQ applications grow by 60%

    The number of applicants to Advance Queensland’s Hot DesQ program has grown an impressive 60 per cent since it was launched last year, Innovation Minister Leeanne Enoch said today (Wednesday).

    Ms Enoch said 185 applications have been submitted for Hot DesQ Round 2, compared with 114 applications for the initial round.

    She said the increase in the number of high-calibre overseas and interstate startups looking to relocate to Queensland was ‘great news for the state’s economy’.

    “The Advance Queensland Hot DesQ program is an Australian-first initiative, where some of the world’s most innovative minds are competing to come to Queensland to progress their business ideas and models,” Ms Enoch said.

    “The applications for Hot DesQ round two came from 41 countries, including India, Brazil, Azerbaijan, Estonia, Denmark and the US, and five Australian states, including 35 from New South Wales.

    “Current Hot DesQ participants have already employed Queenslanders, appointed interns and facilitated international business connections on behalf of other Queensland startups.

    “Importantly, round one recipients are committing to continuing their presence in Queensland,” she said.

    Chamber of Commerce and Industry Queensland Chief Executive Officer Stephen Tait said the Hot DesQ initiative will see businesses grow, build their base in Queensland, employ staff and create opportunities to help grow the economy.

    “Hot DesQ is attracting high-quality businesses to Queensland with ground breaking technology,” Mr Tait said.

    “We’ve been hugely impressed by the calibre of startups that have been attracted to Queensland and those companies such as Eikonic, OpenRevs and CRiskCo who are working from the (CCIQ’s) Collaborate co-working space and helping to cement Queensland’s position as a global leader in medical and advanced manufacturing industries and artificial intelligence.”

    Ms Enoch said an independent judging panel with entrepreneurial and investor experience will review a shortlist of Hot DesQ round two applicants to determine the best startups to move to Queensland.

    “The judging panel will specifically focus on what contribution the Hot DesQ applicants can make to grow Queensland’s vibrant startup ecosystem,” Ms Enoch said.

    “This includes an ability to mentor Queensland startups, run or participate in startup workshops, engage local university students and employ Queenslanders.”

    Successful Hot DesQ round two applicants will receive up to $100,000 to establish and grow their startup business at one of Queensland’s startup host organisations in regions across the state including North and Central Queensland, Gold Coast, Sunshine Coast, Ipswich, Toowoomba and Brisbane.

    Further information can be found at: Advance Queensland

    ENDS

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