Finalist

Innovation and Entrepreneurship Ecosystem of the Year Award

Canberra Innovation Network

Finalist Innovation and Entrepreneurship Ecosystem of the Year Award

Canberra Innovation Network - Australia

"Clever, connected, creative: where innovation meets impact."


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Summary

Canberra Innovation Network (CBRIN) is Australia’s leading example of a city-based innovation ecosystem designed to integrate research and education with entrepreneurship to support economic diversification in a single collaborative platform. Founded in 2014 by five of the nation's premier research and education institutions - the Australian National University (ANU), the University of Canberra (UC), University of New South Wales (UNSW) Canberra, Commonwealth Science and Industrial research Organisation (CSIRO), Canberra Institute of Technology (CIT) and backed by the Australian Capital Territory (ACT) Government and private sector partners ( KWM, PwC, Optus, Canberra Airport and Academy of Interactive Entertainment), CBRIN aligns public investment and world-class science and education with entrepreneurial ambition.

What sets CBRIN apart is its systemic city-wide reach: it is not a single university initiative nor a science-technology park, but a deliberately neutral, high-trust connector active across all sectors and all campuses within the city. Its programs directly assist over 150 companies per year, from students and first-time founders to deep tech and scaling-up ventures offering structured access to prize money, grants and capital (e.g. InnovationACT competition for all higher education students across the city, or Innovation Connect grants), targeted accelerators (GRIFFIN Accelerator for high-growth ventures, the Mill House Ventures for social entreprises), expert mentoring, peer support (e.g. ScaleUp Leaders and SME Programs), innovation-focused coworking and collaborative innovation (hackathons, makerspace network, and collaboration labs and initiatives, such as AI colab).

CBRIN hosts more than 250 events annually, engaging over 11,000 participants (incuding at regular events such as First Wednesday Connect, Female Founders and Innovation Showcases) and supported more than 1,600 innovation jobs in Canberra in 2024. Its physical presence spans from startup coworking to a SME and Scale-up Hubs, co-funded by the ACT Government to support high-growth firms commercialising advanced technology from Canberra’s knowledge institutions.

With an annual economic impact of $197M (2024 Impact Report) CBRIN has a bold ambition: to make Canberra the most connected and effective small-city innovation ecosystem in the world- where ideas move efficiently from lab to market, and entrepreneurship is embedded across research, education and the entire community.

Key People


Petr Adamek
CEO
Canberra Innovation Network



Dr Craig Davis
GM Growth
Canberra Innovation Network



Sharyn Smith
Chief Operating Officer
Canberra Innovation Network



Hala Batainah
Chair
Board of Directors,  Canberra Innovation Network



Andrew Barr MLA
Chief Minister of the Australian Capital Territory
Member of the Australian Capital Territory Legislative Assembly



Kareena Arthy
Deputy Director General, Economic Development
Chief Minister, Treasury and Economic Development Directorate,  Australian Capital Territory Government



Professor Michelle Lincoln
Deputy Vice Chancellor
Director, Canberra Innovation Network,  University of Canberra



Dr Ed Bertram
Head of Strategic Partnerships
Director, Canberra Innovation Network,  Research, Partnerships and Translation, Australian National University



Professor Andrew Neely
Associate Dean, Research Engagement
Director, Canberra Innovation Network,  University of New South Wales, Canberra



Dr Margot McNeill
CEO
Director, Canberra Innovation Network,  Canberra Institute of Technology



Ilea Buffier
Founder
Evalue8 Sustainability,  Director, Canberra Innovation Network, Member, CBRIN Advisory Committee



Michelle Jasper
Associate Professor
Australian National University; Director, Canberra Innovation Network; Chair, CBRIN Advisory Committee



Annabel Griffin
Partner
King & Wood Mallesons, Member, CBRIN Advisory Committee



Sylvia Tulloch AM
Diector and mentor
Griffin Accelerator



Tony Henshaw
first Chair
Canberra Innovation Network


Acknowledgements

The Canberra Innovation Network (CBRIN) acknowledges the Ngunnawal people as traditional custodians of the Australian Capital Territory (ACT) and recognise any other people or families with connection to the lands of the ACT and region. We acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and this region.

CBRIN acknowledges the long-term and ongoing commitment and investment by our Foundation Members, namely the Australian National University, the Canberra Institute of Technology, University of Canberra and University of New South Wales Canberra. Further acknowledgment goes to our major long-term funder and provider of accommodation and innovation grants funds, the ACT Government with special thanks and recognition of the leadership provided by Chief Minister Andrew Barr and the ACT Government’s Economic Development team led by Kareena Arthy.

CBRIN would also like to thank its sponsors, namely Gold Partners Optus, PwC, King & Wood Mallesons and the Canberra Airport, as well as its Education Partners, Academy of Interactive Entertainment.

In addition, we would like to acknowledge the CBRIN current and former Stakeholder Advisory Committee members not mentioned above Kavin Arnasalon, Catherine Carter, Andrew Sutton, Melissa Evans, Michele Troni, Marcus Dawe, Joel Madden, Tori Murray, Mathew Wilson, Belinda Newham, Sarah D’Arcy, John De Margheriti, Professor Lachlan Blackhall, Alex Smith, Doug Stuart and Shane Hill. We would also like to recognise the support of leaders (not mentioned above) of the institutions that are invested in CBRIN, including Hon Bill Shorten, Vice Chancellor of the University of Canberra, Professor Genevieve Bell, Vice Chancellor, Australian National University, Professor Emma Sparks, Rector UNSW Canberra and Christine Robertson, former interim CEO of the Canberra Institute of Technology and Kate Lundy, Chair, Canberra Institute of Technology. Massive thanks to our first CEO Dr Sarah Pearson and first Chair Tony Henshaw as well as our inaugural Foundation Member representatives Professor Mick Cardew-Hall, Professor Frances Shannon, Dr Michael Frater, Lindsay Adler and Dr Phil Robertson. We would like to also acknowledge our ecosystem partners including the Griffin Accelerator for high growth startups, the Mill House Ventures for social enterprises, Badji Program by Coolamon Advisors for First Nations entrepreneurs, CSIRO, Department of Industry, Science and Resources, the ANU Agrifood Innovation Institute, Canberra Cyber Hub, Canberra Business Chamber, Capital Angels, Lighthouse Business Innovation Centre, Innovation Central at the University of Canberra, Launch at UNSW Canberra, Campus Plus, Screen Canberra, Hands Across Canberra, AI Colab, as well as Office of International Engagement of the ACT Government and many others we no longer have space to thank here. We work daily with lots of great keystone people, experienced entrepreneurs and supporters and would like to acknowledge especially Nick McNaughton, Marcus Dawe, Ken Kroeger, Tim Hirst, Sylvia Tulloch and Anne-Marie Perrett. Last but not least, nothing of what we do or achieve would be possible without the amazing, dedicated, committed and passionate team of the Canberra Innovation Network staff, present and past, other mentors, investors, advisors and all entrepreneurial people in our community.

Images

CBRIN monthly First Wednesday Connect networking event

CBRIN Female Founders event - fireside chat

CBRIN Innovation Showcase - crowd

Leaders from CBRIN Foundation Members with the ACT Chief Minister 2025

CBRIN Innovation Showcase 2023

OpenAI Chief Economist at AI Colab event in CBRIN 2025

CBRIN Team at the 2024 Innovation Showcase

Female Founders - mentor roundtable event 2025

Research to Value Workshop with CSIRO and Foundation Member researchers in CBRIN Scaleup Hub 2025

ACT Chief Minister Andrew Barr addressing more than 500 attendees at 100th First Wednesday Connect event

Participants of the first First Wednesday Connect who also came at its 10 year anniversary

CBRIN Scale Up Hub Open Space on Level 4 at 1 Moore Street, Canberra

CBRIN Scale Up Hub kithen on Level 4 at 1 Moore Street, Canberra

Foyer of the CBRIN Scale Up and SME Hub at Level 4, 1 Moore St, Canberra

End of trip facilities at CBRIN Scale Up and SME Hub

CBRIN Coworking on Level 5, 1 Moore Street, Canberra

Idea to Impact program is held 2 times per year and takes the cohort on a journey to validate their ideas with real customers

CBRIN executives with CBRIN Board Chair

Getting ready for pitches at First Wednesday Conect held at ANU Research School of Physics

CBRIN Team - Growth and Marketing coordination meeting

Winners of the 2022 CBRIN Innovation Showcase

IMPACT STORY

Impacting lifes

In 2014, Canberra-based company Instaclustr had only a handful of employees. Founded a year earlier, backed by two Canberra based second generation entrepreneurs who used proceeds from their first start-up sale to invest in the next generation of ideas, Instaclustr provided cloud-based internet solutions for companies to store and use large volumes of data to power their apps and products. Hatched at an early coworking space (Entry29) at the Australian National University (ANU), the company raised seed round led by ANU Connect Ventures (one of two ACT based VC funds) and found new home in the incubator space of the Canberra Innovation Network (CBRIN) accessing its events, programs, connections and support provided by local angels, experts and mentors, growing to 35 staff over the following 3 years. At that point they needed expansion space that they found at the Innovation Centre building of the University of Canberra (UC), one of CBRIN’s Foundation Members. By 2022, the company had 300 employees; customers across the world including companies such as DoorDash and was acquired for more than A$720M by NASDAQ listed company NetApp. Netapp Instaclustr continues its presence in Canberra, having been instrumental in supporting the UC’s Open Source Institute, a global centre of excellence where students and researchers learn and advance open-source technologies in close relationships and collaboration with the industry. This is just one of the many of stories of ambition and passion to change the world through innovation and entrepreneurship from Canberra. These ambitious founders, supported by CBRIN, create companies that generate jobs, embed and collaborate with local tertiary and research institutions and diversify the fabric of the regional economy, impacting lives of our community now and into the future. CBRIN’s impact is estimated at $197M added to Gross State Product in 2024 (and approximately $900M in first 10 years since opening), supporting 1,615 innovation jobs in 2024 and providing $57 return on every $1 of cash investment made by the ACT Government.

LEARNINGS

Lessons learned

Consistency is key for connecting, promoting and growing a successful entrepreneurial innovation ecosystem that can make a meaningful difference and show impact. We have found that consistency of funding and commitment of key players - 10 years plus - is needed to really observe results that manifest in high impact stories, international success and impressive and accelerating collective impact. Consistency is also required in leadership and in the shared vision that is pursued collectively without excessive focus on how each individual institution or partner gains from the collective effort. The benefits need to be shared contributing to overall cohesion, collaborative culture and co-investment. We adopt a ‘rainforest innovation ecosystem’ philosophy (Hwang, Horowitt, 2012), in which everybody’s contribution matters, everyone is welcome and trust, diversity and accessibility of the ecosystem are as important as the opportunities, activities and outcomes.

For the ecosystem to function, the leaders across academia, business, government, community organisations and capital providers need to actively work together aiming for collective impact. CBRIN has learned that it is important to be the glue that holds the ecosystem together, to look after the culture, quality and intensity of relationships and interactions and to serve as community of communities that welcomes, encourages and onboards everyone keen to participate.

We address any competitive pressures within the ecosystem with collaborative spirit, by emphasising shared goals. We learned that if we treat the innovation network as a resource that is shared, accessed and leveraged by everyone, the entire community gets richer and becomes more expansive and impactful.

FUTURE PLANS

What's coming?

Canberra Innovation Network builds a highly connected and collaborative innovation ecosystem across all tertiary and research institutions within the Australian Capital Territory (ACT).

In addition to growing our central hub in Canberra’s CBD, we connect and activate initiatives in the nodes of our network within all campuses of our members. We aspire to build a shared research and technology development infrastructure within our city, connecting labs, facilities, makerspaces and promoting them to be used and accessed by a broad range of participants from our community to encourage open innovation. To achieve that we are already piloting a joint voucher system that co-funds use of makerspaces across our four tertiary education members. We will work closely with new local venture capital fund backed by the ACT Government to bring more funding to locally born knowledge intensive high-growth innovation companies.

We will collaborate with and support initiatives across the Territory’s priority sectors, especially in advanced technology fields such as quantum, space and cybersecurity but also artificial intelligence, and clean tech. We intend to intensify the storytelling and communication aspect of our innovation ecosystem expansion to bring innovation closer to the people and community and to promote it nationally and internationally. We actively approach new partners from the higher education (such as the Australian Catholic University) and corporate world to enter the network and help us expand our reach and diversity. We will continue our push for youth, female founders, creatives, migrant and First Nations entrepreneurs and other under-represented groups to grow participation in our collective impact driven entrepreneurial innovation ecosystem.


KEY STATISTICS

$900M

Economic contribution to Gross State Product over first 10 years

1615

Jobs supported by CBRIN in local economy in 2024

$197M

Economic contribution to Gross State Product in 2024

$50+

Economic return for every $1 of cash invested by the ACT Government

11,000+

Audience across CBRIN held and hosted events and programs in 2024

250+

CBRIN ecosystem events held annually

150+

Ventures assisted in CBRIN Growth programs in 2024

300+

Entrepreneurs with new ideas assisted in 2024

$400M+

Capital raised by ecosystem companies between 2022 and 2025

92%

Program participants report positive outcomes from engagement

23,000+

Cummulative registrations at monthly First Wednesday Connect meetups

160

Mentors in CBRIN mentor network

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