Australian co-working space Fishburners is expanding in China.
The four-year-old organisation, which has offices in Sydney and Brisbane, has announced it is opening up shop in the Caohejing Tech Park in Shanghai to provide space and support for Australian startups moving there.
According to The Australian, co-founder Peter Davison will head the new office with Daniel Shi of China-based 23Seed.
Davison told The Oz that he was surprised how quickly the transition into China happened. It took more than two years for the same process in Sydney.
Davison said the new office wasn’t about encouraging startups to move overseas, rather “it’ll be nice to have that community extend, to go into the country and have people there as well”.
“I have never seen or read about any economic or cultural change in the history of civilisation as fast or large as we are seeing in China right now,” he said.
“With Australia’s long history of traditional entrepreneurship in China, the time is right for Australian tech entrepreneurs to contribute to the Chinese revolution.”
It’s good news for the organisation which lost out when the Commonwealth Bank won the Sydney Technology Park bid last year.
Had Atlassian successfully acquired the 14 hectare piece of land, Fishburners would have got part of that space.
At the time it had been trying to find a new building for almost 12 months, as its 176 startups clamour for more space.
Fishburners general manager Murray Hurps previously told Business Insider that not getting the space also hurt a lot of startups.
“That’s not good enough, its actively holding back some of the people that feel the value that they get from the Fishburners community and want to stay part of it,” said Hurps.
Read more on that here.