Sydney Remains Crowned As Australia’s Top Startup Ecosystem, But Latest Data Shows Melbourne Rising Fast Global Startup Ecosystem Report (GSER).
This report is an annual collaborative effort. startup genome and the global entrepreneurship Communication network (GEN) analyzes data on 3.5 million startups across 290+ global ecosystems.
Oceania has the world’s highest amount of early-stage funding, with seven Asia-Pacific ecosystems in the top 30 rankings, and three runners-up. Sydney maintained its position in the top 20 as Oceania’s best ecosystem. Melbourne, his second-largest ecosystem in the region, climbed six places to number 33, while ecosystem value increased by 43% to US$25 billion.
GSER 2023 ranks the top 30 and 10 runner-up global ecosystems, including the top 100 emerging ecosystem rankings. It also focuses on the startup community from a regional perspective, ranking the ecosystems of eight continental regions separately.
The findings of the survey are being released as preparations are underway to be hosted by GEN Australia. Global Entrepreneurship Congress (#GEC2023) Melbourne, September 19-22
CEO of GEN Australia Chad Renand The GSER said Oceania showed the largest increase in early-stage funding of any region in the world since 2018-2022.
“GEN Australia is looking forward to welcoming 4,000 delegates from across this thriving global startup ecosystem to the Global Entrepreneurship Conference.GEC) later this year in Melbourne,” he said.
“Melbourne stands out as a worthy host and a globally significant contributor to the startup ecosystem, taking sixth place in this year’s GSER rankings.
Early-stage funding increased by 60.7%, which Renand said was due to an increase in the number and types of venture capital firms, emerging investment syndicate platforms and models, and increased state and central government involvement. said that it may be due to the maturation of
There is also a call for greater representation of women and indigenous founders in investments, and more must be done to close the gap,” he said.
Main findings For Oceania covering Australia and New Zealand:
- Oceania From 2018 to 2022, Series B+ deal value increased by 152%, Series B+ deal volume increased by 81%, and early stage funding increased by 60.7%. This is the highest growth rate of any region in the world during this period.
- sydney It maintained its top position as Oceania’s premier ecosystem. Its ecosystem value has increased by 50% from his GSER, and the number of newly added unicorn companies has increased from his 3 to 4. immutable 2022 value will reach $2.5 billion. Canva still has the highest valuation at $40 billion. 1 more exit value over $1 billion: SaaS provider big commerce The IPO valuation was $1.6 billion.
- melbourne, the second largest ecosystem in the region, climbed six places to number 33. Ecosystem value increased 43% to $25 billion. Early stage deals increased 29%, deals over $50 million increased 27%, and deals over $1 billion increased 50%. judo bank$1.7 billion valuation IPO.The most valuable of his three unicorns in Melbourne is Fintech Airwallexworth $5.5 billion.
- Perth and Canberra Identified as two top emerging ecosystems.
- brisbane It also spawned an electric car charger manufacturer, one of Oceania’s largest outlets tritiumwill IPO in January 2022 at a valuation of $1.3 billion. This moved him from a range of 61-70 to 41-50 in the Emerging Ecosystems ranking.
- Adelaide It ranks 5th among the top 5 Oceania ecosystems by VC funding per capita, behind Sydney, Melbourne, Brisbane and New Zealand. Tech giants such as Amazon (AWS) and Microsoft Azure have set up offices in Adelaide, with AI fertility innovators, whisper of life and Sweata global fitness software company for women.
- new zealand It surged from 31-40 to 20th in the emerging ecosystem rankings. With over $50 million in sales, he grew 29% (from 7 to 9) and a new unicorn was born. Clean Tech Lodestone Energy, worth $1.3 billion. GSER includes a section dedicated to New Zealand.How New Zealand’s diverse tech startups are thriving”.
- More Oceania-specific GSER data insights available here.
Key Findings Asian ecosystem include:
- Singapore It moved up 10 spots to 8th place in the ranking, making it the second highest ranked ecosystem in Asia after Beijing. His 100% increase in over $50 million in exits since GSER 2022 contributed to the increase in placements, four of which surpassed his $1 billion mark.
- Singapore It boasts 18 unicorns, including payment for coda, raised $690 million in a Series C round in April 2022.delivery app grab The maximum is $40 billion.
- Two Chinese cities in the top 30 — Beijing and Shanghai 7th, 9th, and 2nd runner-up Shenzhen and Hangzhou At #35 and #38.However, three out of four of these have fallen from last year’s rankings, including major Asian ecosystems. Beijingdown 2 spots, Tech Hub Shenzhendropped 12 places.
- India There are two cities in the top 30 and one in the runner-up, each moving up at least two places. Bangalore – Karnatakawas the highest-ranking ecosystem at number 20, moving up two places and sharing the spot with. sydney. A major factor in this success is his 57% increase in exits above $50 million and a significant increase in unicorn companies from his 21 to his 36.
- Delhi Moved up two places to 24th, Mumbai Reached a tie by moving up 5 spots Salt Lake – Provo at #31.
- Seoul Although it dropped slightly from last year by two places, it still ranks high at 12th, and the number of unicorn companies has increased significantly from 9 to 17.
- TokyoThe only Japanese ecosystem to make the top 30 and finish as runner-up, is still in 15th place, down from 12th last year, largely due to the rapid growth of other ecosystems.
- There are even more insights on Asia-specific data. here.
GEN founder and president Jonathan Oltmans said: Key themes of this year’s report include inflation, AI regulation, talent attraction, global VC funding, and broad market subsector analysis.
“Despite the recent investment slowdown, the report foresees the likely emergence of some of the world’s most disruptive and solutions-driven companies in the years to come, helping policymakers and community leaders to build resilience. It provides unparalleled insight into what it takes to build a decent startup ecosystem,” he said.
startup genome 2023 report Providing insight and guidance to public and private sector leaders on how to foster a thriving startup community.