Time is right for Sydney Silicon Harbour









Minister for Industry, Innovation and Science the Hon Christopher Pyne MP and Assistant Minister for Innovation the Hon Wyatt Roy MP today welcomed the announcement of a “Silicon Harbour” precinct for Sydney by New South Wales Premier Mike Baird.


Mr Pyne said that the timing was right for Mr Baird’s vision, which would see White Bay and Glebe Island transformed into a technology and innovation hub.


“The Silicon Harbour proposal will attract a critical mass of entrepreneurs, start-ups, incubators and venture capitalists, placing Australia at the front of the pack as the global digital economy grows,” Mr Pyne said.


“Start-ups drive employment growth in this country, adding 1.44 million jobs to the economy from 2006”“11.


“Locating international tech giants here alongside local start-ups will create jobs and turn the ”˜brain drain’ into a ”˜brain gain’.”


Mr Roy said the Australian  Government was  committed to making innovation the centrepiece of the economy.


“Our country is aiming to become a hub of global innovation and entrepreneurship and this proposal is an important building block towards achieving that ambition,” Mr Roy said.

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