Holographic surgery, rocket motors and drones.
They’re all part of a new innovation incubator which opened at Underwood last week.
coLab Growth Hub has 12 entrepreneurs in residence who would mentor business owners and their employees, and a number of innovative businesses which it is hoped will create a dynamic environment for growth.
Global edu-tech company Go1 is behind the venture which mayor Darren Power said would aim to fast-scale businesses to grow in a supported and globally-connected space.
Entrepreneur-in-residence and Go1 co-founder, Vu Tran, said the organisation was thrilled to be playing a pivotal role in establishing the coLab.
“Go1 was born and bred here, and we’re looking forward to doing our bit in growing Logan’s scale-up community,” he said.
“We have a strong belief that Logan’s future as a globally viable and exciting place for innovative and high-growth companies to call home is well within reach.
“As a community and as an ecosystem, we will all benefit from attracting and growing great, innovative companies in our city and helping them succeed.”
Cr Power said ventures would boost the region’s economy and establish the city as a world leader in supporting fast-growing and innovative entrepreneurs.
“It only takes a spark of creativity and entrepreneurship to set the world on fire – and the City of Logan wants to become an innovative hotbed,” he said.
The hub has tailored development programs and fully-serviced office space.
“The firms that will grow from the coLab already have significant capital investment and mature business models, as well as a demonstrated potential for growth and maturity,” Cr Power said.
“I’m so excited to see Black Sky Aerospace, akunah and National Drones signing on as the first Portfolio Companies at the coLab.
“We want our economy to be resilient to economic disruptions and able to deliver long-term growth, and innovation is the key to that transformation.”
Innovation minister Stirling Hinchliffe said the Logan initiative would help to create great opportunities for local entrepreneurs.
“It’s fantastic to see Go1 now sharing experience and worldwide connections with Logan entrepreneurs,” he said.
“Every product we use today started as an idea that was refined and developed into a job creating industry.
“Several Queensland innovators are already filling multi-million-dollar overseas orders and supporting new jobs at home. That’s what makes incubators like the coLab Growth Hub so important for nurturing local innovators to grow ideas into the Queensland industries of the future.”
