Eighteen04, a smart cities and clean tech co-working space for tech startups and scale-ups will be launched TODAY, December 16, at Foghorn Brewhouse, at 5.30pm.
Hosted at the CSIRO Energy Centre in Mayfield West, and with generous support from Newcastle City Council, five tech enterprises have taken up residence working across a range of areas including plug-and-play battery storage solutions, smart waste recycling, smart cities traffic management solutions and waste heat sourced electricity generation.
Eighteen04 Chair Dr Gunilla Burrowes said that web and mobile technologies, the open source movement, and new lean approaches to product development mean entrepreneurs can reach a global market in a short time at a fraction of the development costs previously required.
“But it is important they are supported along the way,” she said.
Eighteen04 is a response to an identified need to offer entrepreneurs a dynamic environment where collaboration and idea sharing can flourish, bringing high tech products to market sooner.
“The release of the Prime Minister’s Innovation Statement is recognition of the emerging role of tech start-ups as an effective platform for economic development”, Dr Burrowes said.
“We see Eighteen04 as an exciting development in Newcastle’s ecosystem, building its diversification story to include a “create and scale” economy,” she said.
Eighteen04 Co-founder and CEO of SwitchDin Andrew Mears said data-enabled businesses can solve significant problems for modern society.
“Eighteen04 start-ups are all focussed on smart business developing smart technologies to overcome environmental and urban issues,” he said.
Newcastle Lord Mayor Nuatali Nelmes said it was important that the City of Newcastle backed this venture.
“Newcastle is the perfect location for start-ups working in clean tech and smart cities due to existing strong research and development institutions in clean energy such as CSIRO and the Newcastle Institute for Energy and Resources at the University of Newcastle,” Lord Mayor Nelmes said.
“We look forward to supporting and learning from Eighteen04 as they develop and seek to make impact,” CSIRO Research Director Dr Glenn Platt said.
“Sharing a workspace with up to 10 resident entrepreneurs will generate excellent opportunity for two-way learning and involvement – particularly in a building full of sharp technical, business, legal, financial, safety and management minds,” Dr Platt said.
For interviews and photo opportunities contact:
Dr Gunilla Burrowes
M: 0407 636 110
Dr Andrew Mears
Eighteen04 Co-founder and Resident
M: 0421 131 550