Gold Coast set for startup boom

The Gold Coast is will be hit by an entrepreneurship boom with billions of dollars to flow into the local economy.

Today was the official launch of the Gold Coast Hub, a co-working space for Gold Coast startups who have a focus on innovation.

Federal Minister for Industry, Science and Technology Karaen Andrews says the Robina is the perfect location.


“Gold Coast is the small business hub of Australia,” she said.

“At the innovation hub, our businesses will have the opportunity to work together in collaboration and engage with our research from local universities.”

Currently, there are 30 businesses at the hub with the State Government expecting 50 more to join them in the coming weeks.

Minister for Innovation Kate Jones the hub is part of a wider push from the Palaszczuk Government to focus on the startup industry.

“It’s important we can create jobs on the Coast so people can stay on the Gold Coast,” she said.

“We could not build innovation without private sector investment, this is the best example of how private investment is working hand in glove with the State Government and the Local Council.”

The Gold Coast City Council expects it to bring in billions of dollars to the local economy.

“It’s a city where entrepreneurs are born and bred every day,” Mayor Tom Tate said.

“This is a place where they will come to meet and be nurtured through mentorship”

“I’m looking forward to seeing the next five years where you will see billions of dollars flowing from this.”