AUSTRALIA STARTUP

ECOSYSTEM Innovate. Accelerate. Go Global.

The Australian Trade and Investment Commission – Austrade – contributes to Australia's economic prosperity by helping

Australian businesses, education institutions, tourism operators, governments and citizens as they:

• develop international markets

• win productive foreign direct investment

• promote international education

• strengthen Australia's tourism industry

AUSTRALIA TRADE AND INVESTMENT COMMISSION (AUSTRADE)

Innovation

• Help identify Australia's partners within the start up ecosystem.

• Navigate and connect you to government private sector organisations.

• Develop networks and collaboration opportunities with Australian Incubators and Accelerators.

• Support organised site visits to Australia with Australian Players in the Australian Start up Ecosystem.

• Inform and share information of Australia current trends and policy changes

HOW AUSTRADE CAN SUPPORT YOU

Innovation

AUSTRALIA

Innovation

4th largest economy in Asian region

and 12th largest in the world

26th year of consecutive annual

economic growth

GDP of more than US$1.5 trillion

(two per cent of global GDP)

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2

3

4

5

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AAA rating by all three credit

rating agencies

A strategic base for exporting services and

technologies to high-growth Asian markets

A growing population of currently 23.7 million

AUSTRALIA GOVERNMENT KEY INITIATIVES RELEVANT TO STARTUPS

Innovation

A MAJOR FOCUS OF THE FEDERAL GOVERNMENT’S NATIONAL INNOVATION AND SCIENCE

AGENDA (NISA), WITH A RANGE OF NEW POLICIES AND PROGRAMS ANNOUNCED IN DECEMBER 2015 IN RELATION

TO START UPS IN AUSTRALIA

The key initiatives relevant to startups were:

• Funding support for the establishment or expansion of startup

incubators and accelerators

• The introduction of a new Entrepreneur Visa to enable founders

of promising overseas startups to relocate to Australia

• Tax incentives for individual investors to encourage more angel

investment in startups

• The establishment of startup landing pads in five overseas

locations

• Changes to the tax treatment of Venture Capital Limited

Partnerships to encourage the formation of more VC funds that

will invest in startups

• Regulatory changes to enable crowd-sourced equity funding

• Improved insolvency laws to encourage entrepreneurial behavior

http://www.innovation.gov.au/

THE AUSTRALIAN START-UP ECOSYSTEM AT A GLANCE

Innovation

• There are 1,200 tech startups in Australia, or 0.06% of all Australian

businesses.

• Australia has four startup ecosystems – Sydney being the biggest,

55% larger than Melbourne, six times bigger than Brisbane and

nearly eight times the size of the Perth ecosystem.

• 48% of Australian startups were in NSW, followed by 18% in

Queensland and 13% in Victoria.

• 11 leading Australian co-working spaces

• 22 Australian accelerators or incubators

• A call for Expressions of Interest (EOI) from incubators, accelerators

and other service partners to form part of the Sydney Startup Hub E:

eoi@jobsfornsw.com.au

THE AUSTRALIAN START-UP ECOSYSTEM AT A GLANCE

Innovation

THE AUSTRALIAN START-UP ECOSYSTEM AT A GLANCE

Innovation

• Many Australian start-ups have achieved promising milestones, ranging from major public listings to closing

funding rounds, achieving revenue growth targets and expanding into international markets.

• Atlassian (developer of team collaboration tools)

• Canva (design platform).

• Envato (marketplace for creative assets)

• Freelancer (ASX-listed freelancing marketplace)

• Prospa (online small business lender)

• Airtasker (online job outsourcing marketplace)

• Ingogo (mobile payments for transport industry)

• Invoice2Go (mobile invoicing for small businesses)

• Menulog (online food ordering)

• Tyro (financial technology company)

• SafetyCulture (safety inspection software)

• Shoes of Prey (custom designed shoes)

• Vinomofo (online wine ordering)

• RedBubble (marketplace for artists)

• Catapult Sports (ASX-listed sports analytics company)

• Culture Amp (employee analytics company)

• Whispir (communications software company)

AUSTRALIAN START-UPS

Innovation

CEBIT (Sydney) - http://www.cebit.com.au/startup/

STARTCON (Sydney)- https://www.startcon.com/

SPARKFEST (Sydney) - http://sparkfestival.co/

FINTECH START UP WEEKEND - (Sydney)

http://www.up.co/communities/australia/startup-weekend/9646

TECH23 (Sydney)-http://www.tech23.com.au/2016/

PAUSEFEST (Melbourne)- http://www.pausefest.com.au/

EVENTBRITE (Melbourne start up events) –

https://www.eventbrite.com.au/d/australia--melbourne/startup-

events/

AUSTRALIA START UP EVENTS & RECENT PROJECTS

Innovation

• Austrade Seoul has started promoting the Korea Start up ecosystem to Australia start ups, accelerator and incubators.

• Austrade is Seoul looking into developing further partnership opportunities with Korea Incubators, Accelerator, Innovation

centres.

• Haymarket HQ in Sydney Australia recently conducted a VC with support of G3 Partners, (CEO Nathan Millard) and

Austrade Seoul.

• Austrade planning to conduct a Australia Start up meet up in Korea with Australian start ups, accelerators, ventures and

incubators. Open for Korea partners to work with us in conducting this event and partner with Australian key players in

the start up ecosystem.

• The NSW state government has a call for Expressions of Interest (EOI) from incubators, accelerators and other service

partners to form part of the Sydney Startup Hub E: eoi@jobsfornsw.com.au. NSW and Austrade support you regarding

questions and applications.

AUSTRADE COLLABORATION PLANS WITH KOREA IN 2017

Innovation

For more information:

Sang ah Yun

Business Development Manager, Seoul

Email: Sangah.yun@austrade.gov.au

Tel: +82 (2) 398 2806

Address:

Australian Trade and Investment Commission (Austrade)

Australian Embassy,

18th Floor Kyobo Building 1 Jongro 1 Ga, Jongno-gu Seoul 03154 South Korea

website: www.austrade.gov.au/korea

Tel: +82 2 398 2800

Fax: +82 2 734 5085

AUSTRADE CONTACT

Innovation