Tech Central: Quantum tenants move in, Stone & Chalk to run scaleup hub


By Joseph Brookes

The first tenants of Sydney’s Tech Central quantum hub are Q-Ctrl, Sydney Quantum Academy and Quantum Brilliance, while accelerator Stone & Chalk has won the tender to operate the precinct’s scale up program next year.

Announced Monday by the state government, the three Australian quantum companies will work alongside one another in the new Quantum Terminal, located at Sydney’s Central Station, and aimed at connecting quantum researchers, developers, engineers and entrepreneurs.

Stone and Chalk, will operate the separate Tech Central Scaleup Hub at 477 Pitt Street, which will offer 8,000 square metres of subsidised workspace for high-growth technology scaleups from July next year.

Tech Central is a collection of six innovation nodes around Central Station, aiming to connect researchers, innovators, startups and entrepreneurs to incubate, test and scale ideas.

It is now led by former Microsoft startup program director Annie Parker, and anchored by software giant Atlassian.

“With first-class researchers and entrepreneurs eager to collaborate and an innovation precinct ready to support jobs growth, NSW is in pole position to become a global leader in technology,” New South Wales Premier Dominic Perrottet said.

“Tech Central is predicted to bring up to 25,000 jobs to NSW and will be a major player in accelerating our economic recovery and future-proofing our economy.”

Q-Ctrl, Sydney Quantum Academy and Quantum Brilliance are now set up in the new Quantum Terminal while the Stone & Chalk is seeking tenants for the scaleup hub opening in July next year.

The state government last year began a search for an operator to manage the day-to-day operations, deliver programming, facilitate new commercial and research networks at the scaleup hub.

On Monday, Stone & Chalk on Monday announced it had won the tender. A spokesperson for the company said the contract with the government was for five years but declined to reveal the amount.

The new hub marks the second Sydney location for Stone & Chalk, which currently operates a startup hub in the Sydney CBD with 120 companies. It will be geared towards domestic and international emerging tech startups in their transition to becoming scaleups.

The new space will be 8,000 sqm split over six levels of commercial office space, including office suites, meeting rooms, event spaces, and spill over workspaces for companies scaling operations

“The Hub will be a place of convergence for great minds, founders, talent, capital, and commercial growth; creating and sustaining the high-quality jobs of the future and contributing significantly to the economy’s underlying productivity,” said new Stone & Chalk chief executive Michael Bromley.

Picture: Tech Central: Artists impression of the multi-billion dollar development

This article originally appeared at InnovationAus.

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