Queensland’s sportstech economy driving golden investment opportunities

• Sportstech Trade and Investment Roundtable to identify opportunities in the sportstech arena.
• Australia’s sportstech sector now equal to $4 billion fintech industry.
• Brisbane ranked 15^th on BCW 2023 Ranking of Sports Cities. 

A Sportstech Trade and Investment Roundtable is being held in Brisbane to promote trade opportunities and investment interest in the lead up to the Brisbane 2032 Olympic and Paralympic Games.

The forum will be moderated by former Wallaby and Australian Sports Commission Executive General Manager, Pat Howard.

Key objectives include:

• identifying export and investment opportunities
• strengthening and growing local companies, and
• attracting high value talent to support continued growth.

Trade and Investment Queensland (TIQ), the Palaszczuk Government's global business agency, will introduce a dedicated sportstech stream within its latest Go Global Export Program.

The program provides matched funding of up to $25,000 to support Queensland companies who are export ready launching into new international markets.

Quotes attributable to Treasurer and Minister for Trade and Investment, Cameron Dick:

“Queensland is attracting high-growth and globally significant companies from interstate and overseas, with great interest in being a part of the evolution of technology in the sporting arena.

“Since the announcement of Brisbane as host city of the 2032 Olympic and Paralympic Games, Queensland has accelerated the progress of innovation in the sportstech sector.

“The growth of Queensland’s sportstech economy has seen the development and commercialisation of new concepts which are transforming the world of sports in our State.” 

Quotes attributable to Innovation and Sport Minister Stirling Hinchliffe:

“Our runway to the Brisbane 2032 Olympic and Paralympic Games is an enormous opportunity to build Queensland’s Silicon Valley of sportstech innovation. 

“Queensland-made diagnostic and spectator technology is already used by the giants of global sport to give teams a competitive edge and grow fan engagement.

“The Roundtable is about helping entrepreneurs open new doors to investment and commercialisation to create good Queensland jobs and fast-track 2032 Games legacy.”

Further information:

 The guest list includes 12 Queensland businesses already accelerating sportstech innovation across a range of areas including health and performance, venue design and construction, wearable technology, learning resources, and event fleet management.

• Sportstech is defined as a sector placed at the intersection of data, digital and tech, where the business of sport, entertainment and gaming converge with active living, wellness and digital health.
• Since the Go Global Export Program was launched in 2020, close to three million has been funded resulting in over $37 million direct export outcomes for Queensland businesses.
• Round five of the Go Global Export Program will open applications on 31 July 2023. For more information visit TIQ - Go Global Export Program.
• Trade and Investment Queensland (TIQ) is the Queensland Government's dedicated global business agency with 18 offices in 14 key markets.  TIQ helps Queensland companies access international markets and facilitate foreign investments in the state.

Media Contact: Campbell Gellie 0433 987 744