If one word could sum up this morning’s opening address given by the Hon. Mike Baird, Premier of NSW and Clover Moore, Lord Mayor of Sydney, it is collaboration.
Both speakers talked at length about how both NSW and especially Sydney are places that have always fostered entrepreneurial spirit, but now is the time to really capitalise on the rich opportunities the digital sphere will afford the state.
Cr Moore acknowledged the urgent need to move away from a finite dig-it-up economy into the digital and technology space.
Premier Baird also recognised the opportunities for the state, saying that while digital currently makes up 5.1% of the overall economy, by 2040, it will have grown to encompass 21.9%.
And while both acknowledge that Sydney, in particular, is well on its way to embracing this change – with Sydney housing more than half the start-ups in Australia – now is the time to put the foot down and exploit on the many opportunities this sector will provide.
On a state level, Baird said that the three main areas of focus would be FinTech, eHealth and Cyber Security. He also spoke about how the new dedicated technology spaces, Barangaroo and White Bay, will be the Australian answer to the Roosevelt centre and invite the envy of the world.
Cr Moore said that space is also critical for her council when thinking about digital innovation. Their focus will be on creating a more connected eco-system and reducing the regulatory barriers that start-ups currently face, in addition to highlighting the many cultural and lifestyle attractions of Sydney, in order to attract the highest quality talent from around the world.
Both speakers acknowledged the need to learn together in this stage of the state’s history and how events like CeBIT are critical in Sydney being at the forefront of innovation and achieving their goals.
As Premier Baird summed it up: Every level of government is coming together to show our commitment and determination to this sector because we know that this area is changing and we want to join you on this journey.