The Startup Ecosystem of Australia
Australia has 14 cities in the top 1000 and has a vibrant startup scene that ranks 9th within the competitive global top 10.
COUNTRY RANKING
Since 2023, Australia lost 1 spot in the Global Startup Ecosystem Index, having now positioned itself as 9th worldwide.
Population
Million
Regional Ranking
In Australia and Oceania
Global Ranking
Worldwide
Ecosystem
Startup Ecosystem Overview
Australia has a solid startup ecosystem with some of the country’s startups producing well known global brands, such as Canva and Atlassian. While Australia has a fairly small population considering the country’s geographical size, it still manages to attract overseas talent. Australia enjoys a smart and proactive approach from its federal and state governments, both supporting the growth of its startup ecosystems. Multiple public sector organizations are actively involved in the startup scene. Some of the most notable initiatives come from organizations such as the Department of Industry, Innovation and Science, the NSW Government, [LaunchVvic]
When it comes to advantages for entrepreneurs, Australia offers the Provisional visa for Business Innovation and Investment, which allows startup entrepreneurs to stay in the country for up to 5 years. Another advantage of Australia is the direct involvement of universities in the development of the city ecosystems, which adds to the inertia of creating an entrepreneurial culture. The universities also play an important role in forging connections that improve funding and opportunities for startups.
The time zone difference and the traveling time between Australia, the United States and Europe creates challenges when it comes to partnerships and integrated remote teams. On the other hand, opportunities are coming in from Asian markets which operate within similar time zones and are in relatively close proximity. All in all, Australia has several factors that make a thriving startup scene, including a talented and educated workforce, excellent business environment, investment, and an entrepreneurial spirit.
Startups
Australia Top Startup Industries
611 startups
236 startups
191 startups
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Ecosystem HealthCheck
Australia Ecosystem Health Check
The health check tables allow you to look at the performance Australia has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
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Ecosystem
The Startup Ecosystem in Australia
Global Rank
Australia is ranked within the top 10 startup ecosystems globally.
Top Industries
Australia’s startup scene is best represented in Edtech, Marketing & Sales, and in Software & and Data.
Top Cities for Startups in Australia - Ranked by StartupBlink
| 2023 National Rank & Change | City | Global Rank & Change | Total Score | Quantity Score | Quality Score | Business Score |
|---|---|---|---|---|---|---|
1st 0 | 38th 0 | 19.121 | 00.00 | 00.00 | 00.00 | |
2nd 0 | 42nd 0 | 16.554 | 00.00 | 00.00 | 00.00 | |
3rd 0 | 98th + 3 | 7.253 | 00.00 | 00.00 | 00.00 | |
4th 0 | 191st - 25 | 3.139 | 00.00 | 00.00 | 00.00 | |
5th + 1 | 230th + 13 | 2.191 | 00.00 | 00.00 | 00.00 | |
6th - 1 | 246th - 7 | 1.997 | 00.00 | 00.00 | 00.00 | |
7th 0 | 354th + 1 | 0.985 | 00.00 | 00.00 | 00.00 | |
8th 0 | 404th - 37 | 0.794 | 00.00 | 00.00 | 00.00 | |
9th + 1 | 554th + 68 | 0.412 | 00.00 | 00.00 | 00.00 | |
10th - 1 | 567th - 24 | 0.390 | 00.00 | 00.00 | 00.00 |
Startups
Notable Startups in Australia
Startups
Successful Edtech startups in Australia
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Recent Posts
Mon Sep 25 2023
Role of Universities in Startup Ecosystems
In this article, we’ll explore the role of universities in startup ecosystems. Join us for an enlightening discussion in the 39th episode of our Startup Ecosystem Podcast series, where Martin Jordana welcomes David Kwok. David, the Director of Entrepreneurship & Innovation at YSpace —a university run community innovation hub nestled in Downtown Markham —shares valuable […]
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