The Gold Coast’s reputation as a destination for high-growth startups is set to receive a major boost with the City of Gold Coast backing entrepreneurs through a new partnership deal.

Today the City of Gold Coast has been announced as the newest partner of the LuminaX Accelerator, a Gold Coast based innovation and entrepreneurial program that focusses on the development of technology companies in the healthcare space.

LuminaX, designed and delivered by the city’s leading entrepreneur hub, Cohort Innovation Space, will accelerate the growth and commercialisation of ten Australian startup companies by providing them with comprehensive support and guidance that will fast-track their journey to success.

Gold Coast Mayor Tom Tate announced the City’s support for the program today, encouraging entrepreneurs from around Australia to apply for the program and come and see what the Gold Coast is all about.

“The Gold Coast is an entrepreneurial city and the LuminaX initiative delivers on our City’s Economic Development Strategy priorities to drive innovation, support competitive business and build a strong, globally competitive workforce” Mayor Tate said.

“With borders now open we want health entrepreneurs from all around Australia to apply for this startup program. With the program’s support and industry partners, you’ll have the connections and confidence to launch a globally competitive businesses from right here on the Gold Coast – and you’ll get to enjoy our great lifestyle while doing it.”

Cohort Innovation Space Director Ben Howe said that having the City of Gold Coast on board for the 2022 LuminaX Accelerator proves the city’s commitment to fostering innovation and supporting local businesses and will increase investment attraction opportunities for the city.

“Accelerator programs like LuminaX give large corporates and enterprise organisations the opportunity to connect with, and support emerging startups and entrepreneurs by offering mentoring services, guidance and potential exposure to early customers for the new business” Mr Howe Said.

“This year LuminaX will attract companies from outside the Gold Coast to come and do business here and they will benefit from our great corporate, industry, government and education partners.”

In 2021 LuminaX generated a number of new employment opportunities and knowledge-based jobs for the Gold Coast in the AI, technology and innovation sectors and helped raise the city’s profile as an education, knowledge and research destination.

“The LuminaX Accelerator program provides a structured road map for businesses to develop their product and turn it into a commercial success. Startups who took part in last year’s program showed a +8 employee growth for teams during the 14-week program, as well as establishing +6 new commercial contracts” Mr Howe said.

The City joins the Queensland Government, the Mater and Bond University as 2022 LuminaX program partners.

The LuminaX Accelerator is expected to draw national interest from healthtech startups around the country when applications open later this month.