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Queensland Unveils $142 Million, 10-Year Innovation Roadmap Ahead of the Brisbane Olympics

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The Queensland government has earmarked $142 million for a new engineering roadmap designed to drive innovation in the decade leading up to the 2032 Brisbane Olympics.

Prime Minister Annastacia Palaszczuk said the new Advance Queensland – Innovation Roadmap for a Future Economy 2022-2032 Building on the success of our existing Advance Queensland innovation agenda launched seven years ago, it is also designed to “reverse the brain drain” in the Sunshine State.

Queensland was the birthplace of unicorn startups like SafetyCulture and now, Go1.

“When we embarked on Advance Queensland’s journey in 2015, our aim was to drive innovation, entrepreneurship and jobs to participate in the emerging global future economy,” said the Prime Minister.

“That includes things like the Internet of Things, artificial intelligence, robotics and biotechnology – which are basically producing a range of new and interconnected industries, including circular, renewable energy, personalized health, biofutures and digital economies.

“Since then, we’ve invested $755 million, in turn leveraging $988 million from industry partners, and support more than 27,000 jobs in the state, with more than 11,400 in the regions.”

The $142.2 million funding includes:

  • $100 million over 3 years for new and existing programs under Advance Queensland.
  • $15 million for the Queensland Innovation Precincts and Places Strategy and Action Plan
  • $10.2 million for the Innovation Action Plan and Chief Entrepreneur’s Office, and
  • $17 million to the Department of Environment and Science to support priority industry science centers and partnerships and accelerate university commercialization.

Innovation Minister Stirling Hinchliffe said Advance Queensland’s investment in entrepreneurship was important in building the legacy of the 2032 Games.

“Building the Silicon Valley of sports innovation here in Queensland means supporting innovation in wearable technology, smart stadiums, sports data analytics and new technology to connect with fans few could have imagined,” he said.

“Our 10-year Advance Queensland innovation roadmap enables areas of innovation to be the engine rooms of the collaboration and research we need to bring sport-changing technology to life. Queensland sports technology innovators such as VALD and their international sports and health export customers are already showing what is possible.

Hinchliffe said sports tech is expected to double in size and value to about A$60 billion worldwide within four years.

“The runway to 2032 is a unique opportunity to harness Queensland’s ingenuity and know-how to fuel new economic growth and the jobs of the future,” he said.

Queensland’s chief executive, Wayne Gerard, said there were two key drivers that would boost innovation in the state.

“The 2032 Olympics will provide an opportunity for us as an economy to develop innovative products and services across the state — to become the state known for creating advanced technologies,” he said.

“For example, as we build momentum to host the 2032 Games, we will want to position ourselves as a key venue for sports innovation – integrating technology to enhance the experience for fans and athletes alike.

“Wearable tech, virtual and augmented reality, sports data analytics, digital signage, smart stadiums, smart automated and electric transportation and live streaming are the foundation of the evolution of sport and the method to engage fans.

“We probably can’t foresee all the ways technology will revolutionize the 2032 Olympic and Paralympic experience.”

This week’s announcement was welcomed by the highest body of the Australian Information Industry Association (AIIA).

CEO Ron Gauci said the organization was pleased to see the Queensland Government realize the potential of a digitally-led strategy for strengthening its economy.

South East Queensland is seeing remarkable expansion in the innovation and ICT sectors, demonstrating the high demand for these services and the skills to deliver them,” he said.

“The most important thing is to see the flow of investment into the sector. From supporting commercialization to increasing the skills of Queenslanders, it is vital that funding finds its way to support the development of technologies. Supporting commercialization will ensure that brilliant Australian innovations remain Australian, create jobs and ensure that Australia maintains economic benefits for years to come.”

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