Investor Presentaiton
Priority 8 Pursue investment in innovation
The Queensland Government is prioritising innovation through research and
development, proof of concept and commercialisation of ideas. This will support
a diverse economy and high-quality jobs, now and into the future.
Innovation and creativity is fundamental to the continued
competiveness and profitability of Queensland's major
export industries. It will also help develop our emerging
industries, diversify Queensland's economy and cement
Queensland's reputation as a hub for innovation in the
Asia-Pacific region.
The Queensland Government has appointed the
state's first Chief Entrepreneur to invigorate
Queensland's startup sector, support business
innovation, encourage entrepreneurship
and advocate for Queensland nationally and
internationally.
Excellence in research facilities
The Queensland Government's investment in research
infrastructure has attracted talented researchers,
scientists, innovators, entrepreneurs and investors to
Queensland, establishing our reputation for high-end
research capability.
Advance Queensland continues to build our capacity
to attract skilled workers and investment, increasing
high-value, knowledge-based jobs, driving productivity
improvements and providing the opportunity for
Queensland to capitalise on our strengths and expertise.
A number of Queensland's research facilities are utilised
to co-locate complementary innovators from industry,
academia and government to encourage effective
collaboration between stakeholders and the translation of
research into goods and services available for the market.
Examples of these world leading research facilities are the
Australian Tropical Science and Innovation Precinct at James
Cook University, and the Translational Research Institute,
Eco-sciences Precinct, Biosciences Precinct and Health and
Food Sciences Precincts in Brisbane.
Current action: The Queensland Government's
$24 million Advance Queensland Innovation
Partnerships program encourages collaboration
between Queensland's research organisations
and industry.
Case Study: BGI
Queensland welcomed the Asia-Pacific headquarters of
BGI, one of the world's largest genomics organisations
in August 2016. Co-located with the QIMR Berghofer
Medical Research Institute in Brisbane, BGI will
collaborate with Queensland's research community on
a range of initiatives including:
•
cancer and dementia research with the QIMR
Berghofer Medical Research Institute;
. millet research with CSIRO;
• sport health research with Griffith University; and
. marine science and healthcare research with
James Cook University.
Founded in Beijing in 1999, BGI has now established
47 laboratories world-wide, employing more than
5,000 people. BGI's decision to come to Queensland
demonstrates the company's confidence in the state
as a major global hub for biotechnology.
"We've been considering coming to Queensland for
some time given the strength of Queensland's research
sector and a visionary state government committed to
innovation and science as the driving forces of economic
development." Professor Wang, BGI President.
Current action: The Queensland Government's
$10 million Ignite Ideas Fund supports the
development of new or improved products.
Great Barrier Reef, Queensland
Courtesy of Tourism and Events Queensland
42 Queensland Trade and Investment Strategy 2017-2022View entire presentation