Coworking community River City Labs and Bank of Queensland (BOQ) have launched a program aimed at helping entrepreneurs get their startup ideas out of their garage and onto the global market.
The ‘Sponsored Entrepreneur’ program will see corporations offer free resources and mentorship to Brisbane-based startup teams, with a three-month full time membership of River City Labs.
Entrepreneurs will receive desk space at the Fortitude Valley startup hub, access to River City Labs training and networking events, and specialist mentorship to help them get their ideas off the ground.
BOQ is the first to back the program, and will offer five sponsorships over the next six months. River City Labs will roll out this program and get more of big businesses supporting new startups in the coming months
Steve Baxter, founder of River City Labs and a serial entrepreneur, said the program could help stimulate the Queensland economy to the tune of billions of dollars and thousands of jobs.
“We are excited to have a visionary corporates such as BOQ recognises the opportunity to grow our local business economy. Queensland has the ability to become Australia’s leading Startup State in the coming decade. If we take positive control of the growth of our entrepreneurial community, the returns to Queensland and Australia could be enormous.
“The recent Crossroads Report by StartupAUS identified that high-growth tech startups could account for $US109 billion and 540,000 new jobs by 2033 – and we want to see Queensland attracting as many of these jobs as we can.”
River City Labs is calling on any interested entrepreneurs to apply for a corporate sponsored membership for their startup here.
The offer includes full-time desk membership, structured mentoring, and partnership and publicity opportunities for the startup for three months, fully paid.