The Precinct
The Precinct is a Queensland Government-supported innovation hub in Brisbane providing 8,000+ m2 of coworking space, office leasing, meeting rooms, event venues, and the StartClub_BNE pre-accelerator program to over 95 tenant companies and 90 startups annually.
- Company typePrivate
- Founded2017
- HeadquartersBrisbane, Australia
- Headcount1–10
- GTM typeB2B
- OfferingServices
What The Precinct does
The Precinct is a Queensland Government-supported innovation hub located across 8,000+ m2 on three levels at 315 Brunswick Street, Fortitude Valley, Brisbane. The facility provides physical workspace and community programming for early-stage startups, scale-ups, investors, and government stakeholders, functioning as a co-located ecosystem rather than a software business. Core offerings include coworking desks and private offices (100–500 m2), over 10 meeting rooms, 4 event spaces, 2 cafes, and end-of-trip facilities with 24/7 access for permanent residents.
The Precinct's product portfolio spans workspace rentals (coworking memberships, office leasing), bookable meeting rooms and event venues (5,952 room bookings in 2025), and the StartClub_BNE 12-week pre-accelerator program which supported 40 participants across four cohorts in 2025. The hub also hosts 733 events annually (25,800+ visitors) and co-locates sector-specific accelerators (EnergyLab, Farmers2Founders, Launch AI / Queensland AI Hub) alongside anchor investors Antler and 77 Partners, and community anchors such as Deadly Coders and QCIF.
The business model is hybrid and government-anchored. Revenue is generated from recurring workspace subscriptions, meeting room and event space hire, and program fees, with the Queensland Government (Department of Environment, Science and Innovation — DESI) providing the underlying funding and strategic mandate. The customer base is long-tail: 95+ tenant companies spanning startups (Floodmap, Cardihab, Octant AI, XRHub) and a small set of enterprises (PsiQuantum, Rocket Lab, Praxis Aerospace), supplemented by hundreds of event attendees and program participants. Reported 2025 outcomes include $57.7M raised by tenants, 135+ new jobs created, NPS of +93, and 100% occupancy of startup coworking offices with a 12-company waitlist.
The Precinct firmographics
Firmographics- Name
- The Precinct
- Legal name
- The Precinct
- Website
- https://precinctqld.com.au
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- The Precinct is a Queensland Government-supported innovation hub in Brisbane providing 8,000+ m2 of coworking space, office leasing, meeting rooms, event venues, and the StartClub_BNE pre-accelerator program to over 95 tenant companies and 90 startups annually.
- Ownership category
- akta.pro rank
The Precinct industry classification
Industry- Product category
- Innovation Hub Services
- NAICS
- Commercial and Institutional Building Construction (23622)
- SIC
- Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Conference Centers & Dedicated Meeting Venues (THAHAAAB)
- akta.pro secondary industries
- Convention & Exhibition Centers (Public Convention Centers, Civic Centers) (THAHAAAA), Government & Municipal Event Venues (THAHAAAE), Meeting & Event Space Services (Setup/Teardown) (BPABAFAL)
Keywords
Where The Precinct is headquartered
LocationHeadquarters
- HQ city
- Brisbane
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
The Precinct business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- Coworking Memberships: Drop-in desks and dedicated coworking spaces for startups, freelancers, and entrepreneurs. Coworking private offices are at 100% capacity with a 12-company waitlist.
- Office Leasing: Commercial office spaces from 100m2 to 500m2 for small to large teams, with access to all Precinct amenities including meeting rooms, events space, reception, and end-of-trip facilities. Building occupancy at 84.6% for larger tenancies.
- Meeting Room & Event Space Rental: Bookable meeting rooms and event spaces for both members and external clients. 5,952 room bookings in 2025. Hosts 4 event spaces including Stair Stadium, Launch Event Space, and Dimbin-Mil Seminar Room.
- Startup Support Programs: 12-week StartClub_BNE pre-accelerator program supporting early-stage businesses. 40 participants across four cohorts in 2025, with further participants through Capital Raising and Summit series.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
The Precinct product offering
Product offeringCore offering
The Precinct is a Queensland Government-supported innovation hub in Brisbane that provides physical workspace (coworking desks, private offices of 100–500m2), bookable meeting rooms, and four event spaces across 8,000+ m2. It operates a 12-week pre-accelerator program (StartClub_BNE) and runs more than 200 events per year, connecting startups, founders, government, industry leaders, and investors. The hub functions as a convergence point for the Queensland innovation ecosystem rather than a digital product.
Product overview
The Precinct is a physical innovation hub and coworking space in Brisbane, not a software product company. It provides a unified ecosystem of physical workspace solutions including coworking desks, private offices, meeting rooms, and event spaces across 8000+ m2. The offering includes a startup support program (StartClub_BNE) and community events (200+ annually). The facility is supported by the Queensland Government and serves as a convergence point for startups, government, industry leaders, and investors championing innovation in Queensland.
Differentiator
Problem solved
Functional benefit
Brands
- StartClub_BNE: A 12-week pre-accelerator program designed to support early-stage businesses as they test, validate, and refine their operations to scale.
Products and services
- Coworking Workspace Flexible coworking desks and drop-in spaces for startups, founders, entrepreneurs, and innovators within an 8,000+ m2 facility across three levels, with 24/7 access for permanent residents, high-speed Wi-Fi, free coffee and tea, and 6 casual meeting booths.
- Office Leasing Commercial private office space from 100m2 to 500m2 for small to large teams, partially fit-out, with access to all Precinct amenities including meeting rooms, event space, reception, and end-of-trip facilities. Building occupancy at 84.6% for larger tenancies.
- Meeting Rooms Over 10 bookable meeting spaces across all levels, including 6 casual meeting booths, available for tenants and external clients, with 5,952 room bookings recorded in 2025.
- Event Spaces Four event spaces (Stair Stadium, Launch Event Space, Dimbin-Mil Seminar Room, and Warrar/River Room) available for hire for conferences, hackathons, pitch nights, and community gatherings, hosting 733 events and 25,800+ visitors in 2025.
- StartClub_BNE A 12-week pre-accelerator program providing mentorship, workshops, and networking to early-stage startups, with 40 participants across four cohorts in 2025. Helps founders validate, refine, and build momentum behind their startups.
Quantifiable outcome
- Tenants 3x more likely to grow their teams and commercial progress
- +5 more outcomes
Companies that use The Precinct
Customer profileNamed customers18 records
Segments6 records
Ideal customer profiles5 records
The Precinct technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
The Precinct partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and secondary.
- Queensland GovernmentcoreThe Precinct is an initiative supported by the Queensland Government, specifically the Department of Environment, Science and Innovation (DESI). The government partnership provides legitimacy, funding, and ecosystem positioning for the innovation hub. The precinct acknowledges Queensland Government support and operates as a key component of the state's innovation infrastructure.
- QCIF (Queensland Cyber Infrastructure)coreQCIF (Queensland Cyber Infrastructure) officially joined The Precinct to strengthen collaboration between research, government, and industry in Queensland. Established in 2000, QCIF is a non-profit organisation driving research and innovation partnerships.
- Deadly CoderscoreIndigenous-led coding organisation that has supported 4,000 First Nations placements. Based at The Precinct as a community anchor, driving Indigenous participation in the digital economy through coding programs and culturally-led innovation events.
- First Australians CapitalcoreIndigenous business development organisation based at The Precinct, contributing to self-determination, job creation, and growth of an Indigenous-led innovation economy.
- Queensland Indigenous Business NetworkcoreIndigenous business network operating from The Precinct, contributing to self-determination, job creation, and Indigenous-led innovation economy growth.
- Wade Institute of EntrepreneurshipcoreAustralia's leading centre for entrepreneurial and investor training. Co-hosts events at The Precinct including 'Beyond the Border: Investing from Queensland into Australia's Best Startups' as part of VC Catalyst program.
- All Things BlockchaincoreBlockchain ecosystem organisation hosting educational meet-ups and social networking events at The Precinct. Has hosted 10k+ attendees across events and works with industry bodies, founders, and builders to educate and inform.
- GDG Brisbane (Google Developer Groups)coreCommunity-driven technology meetup hosting 'Build & Tell' events at The Precinct, bringing together developers, students, startup founders, designers, and technology enthusiasts.
- EnergyLabsecondarySector-specific accelerator program bringing clean technology and energy innovation activity into The Precinct hub.
- Farmers2FounderssecondarySector-specific pre-accelerator program for agriculture innovation, operating within The Precinct ecosystem.
- Launch AI / Queensland AI HubcoreQueensland AI Hub's Launch AI Demo Night hosted at The Precinct, positioning the hub as a centre for AI innovation and entrepreneurship.
- AI & Society BrisbanecoreCommunity group hosting AI-focused scenario workshops and practice labs at The Precinct, exploring AI's role in Brisbane's innovation ecosystem.
- Something Fest / Queensland GovernmentcoreQueensland Government's science and innovation initiative, presented at The Precinct with 'Something Q' event bringing together government, industry, research, and startup community.
- GrantonsecondaryGold Coast-based boutique consultancy helping startups find and apply for R&D tax incentives, startup grants, and accelerators. Co-hosts grant-focused events at The Precinct.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
The Precinct competitors and assessment
Company assessmentDirect peers
- River City Labs: Brisbane-based startup hub and coworking space operated by a local founder. Direct competitor in the same Brisbane market, offering similar coworking, programs, and event-driven community engagement for early-stage startups.
- Fishburners: Australia's largest startup community and coworking hub, headquartered in Sydney with a Brisbane presence. Comparable community-led model serving early-stage founders through events, mentorship, and workspace.
- York Butter Factory: Melbourne-based innovation hub offering coworking, event spaces, and corporate-startup programs. Closely aligned model as a government and corporate-backed innovation space targeting startups and scaleups.
- Stone & Chalk: Australia's leading fintech and emerging tech innovation hub, government-backed with coworking, accelerator programs, and corporate partnerships. Directly comparable as a government-supported startup hub with sector-vertical programs.
- Cicada Innovations: Sydney-based deep tech incubator and coworking space with 20+ years of history. Comparable as a long-tenured, mission-driven innovation hub offering workspace, programs, and investor access for science and deep tech startups.
- Hub Sydney (Hubud): Sydney-based coworking and innovation community. Similar community-led model with member events, programming, and workspace offerings aimed at impact-driven entrepreneurs.
- Tank Stream Labs: Sydney-based coworking and innovation hub with multiple locations. Directly comparable in providing coworking, event spaces, and a startup community environment supported by corporate and government partners.
Regional players
- The Capital Brisbane: Premium coworking operator with multiple Australian locations including Brisbane. Comparable in providing coworking, meeting rooms, and event spaces for startups and growing companies, though with a more commercial positioning.
Emerging players
- Startmate: Australia and New Zealand's leading startup accelerator and fellowship program. Comparable in operating cohort-based startup programs and connecting founders to investors, though primarily a program operator rather than a physical hub.
- QLD AI Hub: Queensland AI Hub, a tenant of The Precinct running the Launch AI Demo Night. Comparable as a Queensland Government-backed sectoral innovation community, with a narrower AI focus but similar programming and event-led engagement model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
The Precinct social profiles
Digital presenceThe Precinct financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Precinct leadership team
Management profileNumber of profiles
Profiles1 record
The Precinct funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Precinct M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Precinct
What does The Precinct do?
The Precinct is a Queensland Government-supported innovation hub in Brisbane that provides physical workspace (coworking desks, private offices of 100–500m2), bookable meeting rooms, and four event spaces across 8,000+ m2. It operates a 12-week pre-accelerator program (StartClub_BNE) and runs more than 200 events per year, connecting startups, founders, government, industry leaders, and investors. The hub functions as a convergence point for the Queensland innovation ecosystem rather than a digital product.
Is The Precinct a public or private company?
The Precinct is a private company. It is classified as state government owned and is currently operating.
When was The Precinct founded?
The Precinct was founded in 2017. It employs 1 to 10 people.
Where is The Precinct based?
The Precinct is headquartered in Brisbane, Australia, in the Oceania region.
How does The Precinct make money?
Four revenue lines are on record. Coworking Memberships are the primary driver. The others are office Leasing, meeting Room & Event Space Rental and startup Support Programs.
Who are The Precinct's main competitors?
Direct peers on record are River City Labs, Fishburners, York Butter Factory, Stone & Chalk, Cicada Innovations, Hub Sydney (Hubud) and Tank Stream Labs. The Capital Brisbane is listed as a regional player. Emerging players are Startmate and QLD AI Hub.
Does The Precinct have an API?
No public API is recorded for The Precinct.
What industry is The Precinct in?
The Precinct's product category is Innovation Hub Services. Its primary akta.pro industry code is THAHAAAB, Conference Centers & Dedicated Meeting Venues, with a secondary code of THAHAAAA, Convention & Exhibition Centers (Public Convention Centers, Civic Centers). Its NAICS code is 23622 and its SIC code is 7340.