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News from the Invest team

Global Precincts to catapult Brisbane’s global reputation

Eight Brisbane precincts have been identified for their potential to help Brisbane attract investment, foster innovation, encourage tourism and elevate its international reputation as a new world city.

A global precincts strategic vision, recently released by Brisbane City Council and Brisbane Economic Development Agency, has identified an approach to evolving the city’s precincts through partnerships with investors and stakeholders.

Lord Mayor Graham Quirk said the vision set out a coordinated approach for Brisbane to be an internationally recognised city in which to live, learn, invest and grow through the development of specialised precincts around the city and suburbs.

From lifestyle, entertainment and culture, to specialised medical research, tech-based employment and advanced manufacturing, the priority precincts each play a unique and critical role in the economic function of the city,” Cr Quirk said.

The eight priority areas span 10km and their combined contribution to the city accounts for 37 per cent of employment, more than 60 per cent of exports and 49 per cent of gross regional product.

They are:

  • Boggo Road/PA Hospital/University of Queensland
  • Herston/Kelvin Grove
  • Upper Mt Gravatt/Eight Mile Plains
  • City Reach
  • City West
  • South Brisbane (including Kurilpa)
  • Australia TradeCoast
  • Valley Gateway

More info here.

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Brisbane probiotic drink maker PERKii gets $1.53m cash injection

PERKii Pty Ltd, a beverage product developed by researchers at the University of Queensland, has used a $1.53 million investment from the Queensland Government’s Business Development Fund to increase production and expand sales of its probiotic drink across Australia and internationally.

This follows the business’ $4 million seed funding round led by Uniseed, Brisbane Angels and other high net worth investors.

PERKii chief executive Matthew Kowal said the funding was a game-changer.

“Our product has enormous potential and this investment is helping realise the vision we have for our company – to help improve the health and wellbeing of people around the world,” Mr Kowal said.

Full story here
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Avo go at this: UQ researchers aiming to solve world avocado shortage

Academics at the University of Queensland have developed a technique to grow avocado plants within eight to 10 months, Brisbane Times reports. 

Normally a 12- to 18-month process, the researchers say the new technique will allow farmers to expand orchards and further capitalise on the $460 million industry in Queensland.

Full story here.

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Australia the “best opportunity” for food brands: Chobani founder

Australians are in the prime position to make food and brands that will resonate around the world, says Hamdi Ulukaya, the founder of the highest selling yoghurt brand in the US Chobani.

The Sydney Morning Herald reported that Ulukaya saw Australia as home to the best opportunities for other entrepreneurs to follow his lead and build world-beating food companies from scratch.

"One of the biggest opportunities for innovation and brand-building in the future is food. And living in Australia, you are leading this opportunity more than anybody else. You're sitting on a gold mine,” he told Fairfax Media.

The brand’s former head of marketing Nicki Briggs was the keynote speaker at Brisbane EDA’s Future Food Day earlier this year. You can see her keynote speech here.

Full story here.


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