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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

    River City Labs marks five years with move to Palaszczuk Government-supported innovation hub

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

    Friday, July 07, 2017

    River City Labs marks five years with move to Palaszczuk Government-supported innovation hub

    Celebrating five years as a driving force in Queensland’s innovation ecosystem, River City Labs has helped hundreds of entrepreneurs and startups, Innovation Minister Leeanne Enoch said today (Friday).

    Marking their fifth anniversary, Ms Enoch congratulated River City Labs (RCL) on their recent move into the Palaszczuk Government-backed Brisbane innovation hub, The Precinct.

    “Few organisations can claim to have done more to promote and develop Queensland's emerging entrepreneurial spirit than RCL over the past five years,” Ms Enoch said.

    “Their addition to The Precinct community adds another valuable link for our most promising and aspiring entrepreneurs, mentors and investors – connections essential for building a strong and vibrant startup economy for Queensland.”

    Member for Brisbane Central Grace Grace said The Precinct – which opened in March - is a key part of the Palaszczuk Government’s $420 million whole‑of‑government Advance Queensland initiative.

    “With more than 1300 square metres of floor space, RCL is the largest commercial tenant of The Precinct,” Ms Grace said. “RCL offers co-working space and a range of support activities for mainly early-stage technology startups and entrepreneurs.

    “RCL has built its reputation on fostering the growth of startups through the delivery of world class support programs, and founder Steve Baxter is a driving force for the innovation sector nationally and a tireless advocate for entrepreneurialism and innovation."

    Mr Baxter is a Brisbane based tech entrepreneur, startup investor and mentor.

    “Now that we are here (at The Precinct) we can get on with the job of building businesses and creating a vibrant startup environment that will inspire great ideas, individuals and enterprises," Mr Baxter said.

    “We will be looking to work with the Queensland Government and other partners to build a formidable presence in this state for startups and innovation. We need to get our tech entrepreneurs thinking at a level equivalent to their global peers in some of the other great centres of startup excellence around the world.

    “We’ve got a lot of emerging talent in the tech startup space, but we need to keep pushing them towards a global mindset. Concentrating the many facets of the startup community in The Precinct will help us achieve this,” he said.

    RCL's Chief Executive Officer Peta Ellis said the company's relocation to The Precinct would “result in a substantial increase in the flow of ideas, investment and collaboration through Queensland's innovation pipeline”.

    “We've come a long way since commencing operations in 2012,” Ms Ellis said.

    “We've launched a world-class accelerator program in partnership with muru-D and our first intake saw five startup teams with 11 founders raise more than $2.1 million in seed capital.

    “We have 459 entrepreneurs as members and we've hosted over the past five years more than 480 external events and attracted more than 16,000 guests through our doors.

    “We're currently hosting another six startup teams through this fantastic program. With our move to The Precinct, I can say with confidence that the best is yet to come,” she said.

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