StartupBlink has launched the Startup Ecosystem Ranking Report 2019 that now ranks 1,000 cities and 100 countries worldwide and is available for download here.
Queensland, the second-largest and third-most populous state in Australia, has seen a huge surge of startup activity over the past 5 years. This was not an accident, rather a well-orchestrated effort with massive funding from the government to turn Queensland into a global startup hub. Queensland has to offer all the vital building blocks for a thriving startup ecosystem.
Talent – Queensland is home to 31 Australian universities campuses, including the University of Queensland, ranked 48 globally. These universities are a fantastic source of high-quality talent.
Access to funds – the state government is fully committed to supporting the startup ecosystem in Queensland. Over the past 5 years, it invested over half a billion AUD into programs which helped fund and support startups and innovation.
Cost of living – Unlike Sydney and Melbourne, the cost of living in Brisbane is very reasonable. Rent, transportation, food, and other basic living expenses are relatively inexpensive.
Lifestyle – Sunshine, easy access to beaches, safety, excellent public transportation, and many other things make Queensland very hard to compete with when it comes to a great lifestyle.
Queensland has already produced a number of startups which are operating on a global scale and have the potential to become Australia’s next unicorns, following the footsteps of Atlassian and Canva. A few examples are Tanda, Go1, and Skedulo.
Written by QUT bluebox.