Skip links and keyboard navigation

    Media Statements

    Coat of ArmsMedia Release
    Treasurer and Minister for Trade and Investment
    The Honourable Curtis Pitt

    Online training business score $1.5 million funding boost

    Treasurer and Minister for Trade and Investment
    The Honourable Curtis Pitt

    Tuesday, July 18, 2017

    Online training business score $1.5 million funding boost

    Treasurer and Minister for Trade and Investment Curtis Pitt today announced GO1 has received a $1.5 million boost from the Queensland Government’s Business Development Fund (BDF).

    Mr Pitt said the Logan-based business is an established leader in online learning and education, and works alongside some of the largest companies in the world covering a wide range of industries and regions.

    “Like many small start-up IT firms, GO1 began with two Queenslanders, Andrew Barnes and Vu Tran, creating a web-development company from the back of a garage,” said Mr Pitt.

    “GO1 is now positioning itself as a lead supplier in the global corporate training market through its software platform that enables businesses and training organisations to contain, manage and deliver tailored online training to their staff.

    “The $1.5 million investment will assist GO1 in increasing sales of its online training content, expanding its sales team into overseas markets such as the United States and Asia and progressing a joint venture with SEEK, a group encompassing employment, education and volunteer businesses.”

    The Business Development Fund contribution is matched alongside private investment of $1.5 million from Transition Level Investments and Tank Stream Ventures.

    GO1 co-founder and Chief Executive Officer Andrew Barnes said the company plans to hire approximately 30 people to bolsters its worldwide sales team in the next 12 months.

    “We are excited that leading US and Australian investors, alongside the State government, share a belief in GO1 and the market opportunity,” he said.

    “The future of education and workplace training is rapidly changing, and GO1 is well positioned to lead globally in this space.”

    Shark Tank judge and Queensland tech start-up investor Steve Baxter, whose Transition Level Investments has supported the GO1 application, said he continued to be impressed by GO1’s progress and the performance of its leadership team.

    “Investing further in GO1 was a no brainer,” Mr Baxter said.

    “GO1 is the perfect example of a startup that absolutely gets it and is poised to grow rapidly all over the world into a leading provider of learning and management platforms.”

    GO1 is among 13 innovative Queensland businesses to receive Business Development Fund investment. The Fund has now contributed a total of $14.9 million to Queensland based companies.

    The $40 million Business Development Fund invests from $125,000 up to $2.5 million in matched funding, alongside private sector co-investors to assist businesses turn their ideas and innovations into commercial realities.

    For further information on the Fund is available at: www.treasury.qld.gov.au email bdf@treasury.qld.gov.au   Phone: 13 QGOV (13 74 68)

     

    Media contact: 0419 945 546