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    Minister for Innovation, Science and the Digital Economy and Minister for Small Business
    The Honourable Leeanne Enoch

    International investors worth $10 billion descend on Brisbane for Myriad Festival

    Minister for Innovation, Science and the Digital Economy and Minister for Small Business
    The Honourable Leeanne Enoch

    Tuesday, March 21, 2017

    International investors worth $10 billion descend on Brisbane for Myriad Festival

    The Palaszczuk Government will connect regional entrepreneurs with global investors and venture capitalists managing a staggering $10 billion in funds, at next week’s Myriad Festival in Brisbane.

    Innovation Minister Leeanne Enoch said the festival would provide a “golden opportunity” for Queensland entrepreneurs – among them 127 regional innovators to establish new contacts, leads and collaborations.

    “Myriad will put our Queensland entrepreneurs in contact with investors and venture capitalists from all parts of the globe,” Ms Enoch said.

    “This year, international investors representing a staggering ten billion dollars in funds under management, will be coming here looking for opportunities in Queensland during the festival.

    “One of them is a shining star of Silicon Valley, Jonathan Teo, whose investments have helped social media platforms including Snapchat and Instagram grow.

    “He is the co-founder of Binary Capital, a firm which has over US$300 million under management.

    “Venture Capitalists, like Jonathan, are coming to Myriad to find those companies, products and ideas on the verge of becoming the next big thing.

    “This will be a golden opportunity for our Queensland entrepreneurs and startups to secure investment, grow their interests and employ more Queenslanders.

    One of Australia’s up and coming voices on innovation, Nicola Hazell will also be at Myriad, along with big name venture capitalists from Silicon Valley including Yiying Lu, from 500 Startups who has invested in over 1600 companies in more than 60 countries.

    The sequel to last year’s hugely successful Advance Queensland Innovation and Investment Summit, Myriad will be held from March 29 to March 31 at the Brisbane Powerhouse.

    “Last year, we provided the opportunity to attend the Summit to 50 of our regional entrepreneurs – all walked away with new contacts, leads and collaborators. Many walked away with new customers and investors,” Ms Enoch said.

    “This year, we’ve almost tripled that number.

    “The Palaszczuk Government is supporting 127 regional innovators to come to Myriad and show off their innovative products and services in a regional showcase.

    “Potentially a fantastic opportunity at this festival, which strengthens our standing as the 'Startup State’.

    The 127 regional delegates will attend from Far North Queensland (22); North Queensland (6); Mackay-Isaac-Whitsunday (10); Fitzroy (9); Outback Queensland (9); Wide Bay Burnett (3); Darling Downs and Maranoa (15); Sunshine Coast (11); Moreton Bay (9); Ipswich and West Moreton (13); Redlands and Logan (10); and the Gold Coast (10).

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