Microsoft has announced the launch of its Queensland Microsoft Innovation Centre (QMIC) to accelerate and promote local growth in software economy by supporting Queensland-based software ecosystems.
Microsoft hopes that the Centre will create up to 200 jobs for Queensland companies throughout the three-year program and position Queensland as a flagship state for innovation in productivity.
To achieve its goals, the QMIC will focus on three key areas, which are skill, business development, and connection to industry.
“Microsoft is committed to promoting jobs, innovation an growth,” Microsoft Australia state director for Queensland, Northern Territory, and Pacific Islands, Sharon Schoenborn, said.
"The launch of the QMIC will help bridge some of the current gaps for start-ups in their journey to success by equipping and inspiring them to innovate.”
It will do so by assisting in the establishment of 100 start-ups over three years with the help of Microsoft industry partners, as well as growing independent software vendors (ISVs), and student entrepreneurs.
“The centre will act as a hub of innovation for start-ups, partners, developers and students to exchange ideas, build on each other’s strengths and translate those assets into greater business success,” Schoenborn said.
Operating as a hub in Queensland aims to strengthen the networks in the local software ecosystem, and support and equip businesses to enable growth through commercial success or acquisition.
Australian Information Industries Association (AIIA) Queensland chair, Maree Adshead, said, “Innovation in technology is what will drive Queensland’s success as a global competitor. Young technology start-ups are the engine room of innovation and are critical to a healthy technology ecosystem.”
“The innovation ecosystem in Queensland will only flourish is there is a blend of technology expertise, commercial guidance and early stage capital,” Spike Innovation managing director, Colin Kinner, said.
The Centre will be launched in partnership with Microsoft’s network of investment, accelerator an incubation partners in Queensland and Australia.