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Rocky business to use 3D imagery to simplify property management
Minister for Innovation and Tourism Industry Development and Minister for the Commonwealth Games
The Honourable Kate Jones
A Rockhampton business that's developed an innovative property management system using 3D imagery to secure trade quotes for maintenance is one of 70 companies that will receive a grant as part of more than $8.3 million in Palaszczuk Government innovation funding announced today.
Member for Rockhampton Barry O'Rourke today announced Fitzroy-based Slater Solutions would receive a $100,000 grant for its "Quot3d" product which creates 3D imagery of building and properties to enable quotes for property maintenance without requiring time consuming visits by competing trade businesses.
"We're committed to investing in innovation to create jobs in Rockhampton," he said.
"Slater Solutions has a great product with wide appeal. That's why we've invested to help them scale-up their operation and ultimately create more jobs in Queensland.
Innovation Minister Kate Jones said Ignite Ideas was about supporting entrepreneurs from across Queensland to grow their businesses and employ more staff.
"These companies will use the funds to ramp up market development and expand their workforce," she said.
"Through a highly competitive, independently assessed process they showed they have an innovative product, the talent and the right mindset to take their business to new levels and new markets.
"The Palaszczuk Government has now supported 271 Queensland businesses through $34.65 million (four rounds) of Ignite Ideas, driving more than one thousand new jobs."
This new round of Ignite Ideas funding has supported three companies in the Fitzroy region.
Slater Solutions chief executive officer Brooke Brandon said the system is a win-win, providing a cost-effective way for property owners to seek competitive quotes while saving time for tradies who would otherwise be required to visit a property and measure up the job.
"We are working with a Rockhampton real estate firm as our foundation customer, which manages a portfolio of 1,200 properties and supports a trade supplier community of 85," Ms Brandon said.
"Our target market is huge – there are about 500,000 rental properties in Queensland managed by 1200 agencies that generate over 2,500,000 maintenance jobs per year.
"When you add up the hours trades are required to attend to a property to give a quote, the non-chargeable cost to trades in this sector is about $19 million a year.
"We are not only seeking to make the industry more efficient, and save wasted time for thousands of tradies, we also expect to expand with six new jobs."
Queensland's Chief Entrepreneur Steve Baxter said the Ignite Ideas funding would help the 70 businesses take their next big step forward.
"Access to capital is one of the key challenges for early stage startups. The Ignite Ideas grants provide a source of funding that can take these businesses to the next level, helping them commercialise quickly."
Ignite Ideas is part of the Palaszczuk Government's $650 million Advance Queensland initiative.
Visit the Advance Queensland Ignite Ideas Fund web page at https://advance.qld.gov.au/entrepreneurs-and-startups-industry-small-business/ignite-ideas-fund for more information on the program and its recipients.
Media contact: 0419 620 447
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