Eighteen04 prepares to brew new ventures in iconic Newcastle brewery site rich with regional history with Jobs for NSW support
Newcastle, NSW, 25 October, 2016 – Local cleantech and smart city startup incubator Eighteen04 (named after the founding date for Newcastle) is pleased to be part a significant renewal of the Great Northern Brewery and Hamilton TAFE site. A new co-working and startup incubator space in Newcastles Digital Precinct will work to attract high potential startups and entrepreneurs. The Minster for Industry, Resources and Energy, Mr Anthony Roberts, announced an injection of support from NSW Government through their Jobs for NSW program for Eighteen04. The aim is to build on Eighteen04’s initial track record of supporting new ventures in cleantech and smart city technologies, building the next generation of Australian based technology ventures addressing global markets.
The Hamilton TAFE building, originally opened in Nov 1888 as The Great Northern Brewery represents one of Newcastles enduring industrial sites and an iconic piece of regional architecture. Eighteen04 and Hunter TAFE have negotiated a revitalisation of this beautiful old building to breathe new life into it as an innovation space for emerging cleantech and smart city ventures, local investor groups and key enablers.
For the last 18 months Eighteen04 has operated as a guest of the CSIRO Energy Centre in Mayfield West quickly attracting a range of new residents. Demand outstripped space and it's now time to scale into a larger, more centralised building in Newcastle West. The recent NEWi Awards in Newcastle recognised the calibre of efforts by fast growing residents such as SwitchDin, taking out both the best GreenTech and best Smart City Startup awards for the region, with another resident, David Puxty of Fernlawn Environmental, winning last weeks inaugural PitchFest competition with his BinShare initiative for smarter waste management. Each of these represent important milestones in the quickening digital pulse of the region and its growing reputation as an attractive place for starting new ventures.
Newcastle is ideally situated as a central point for access to a diverse range of industries, a long and vibrant culture of innovation and entrepreneurship, with a track record in addressing global markets. As such the investment from NSW Government is an important push for the local start-up ecosystem with its potential to foster and grow viable, high growth, high impact ventures and create new jobs. Eighteen04 aims to play a niche role with high value scalable ventures directly generating more than 200 new tech jobs over the next 4 years.
"Technology based companies are well recognised as having significant beneficial multiplier impacts - that is, creating more economic impact per job created - than any other industry", says Eighteen04 Chair, Gunilla Burrowes. "Our region is well positioned as an epicentre of clean-energy research and enjoys a growing reputation as an affordable, attractive place for startups with excellent access to skilled graduates from University and TAFE, and industries seeking transformation with an innovation edge. At Eighteen04, we are investing significant personal time and resources across our skilled board to ensure our residents are well supported to give them the best chances of success at incubation and growth. This investment by Jobs for NSW will go a long way to providing a new facility to drive growth, building on regional comparative advantages, and contribute to a supportive local entrepreneurial community.”
Eighteen04 is creating a vibrant new coworking site and startup incubator in Newcastles Digital Precinct to attract talent, ideas and capital to our region. The invitation is out to local, national and international entrepreneurs to seek out Newcastle as the place to start a world changing cleantech and smart city venture.
Eighteen04 is an inspirational incubator and co-working space for clean tech + smart city based startups in the Hunter Region. Located in Newcastle, Australia's second oldest city, we provide a physical and cultural space to foster collaboration, networking and business growth for tech entrepreneurs in what has been recognised by Lonely Planet as one of the worlds most liveable cities.
Public Officer, Eighteen04
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0407 636 110