startup-ecosystem-mapping-report

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Investors and Investments FUNDING RAISED TOP 35 RAISES AMOUNT YEAR #RNDS REGION EST FUNDING SOURCE Guvera $45,000,000 09, 10, 12 4 Gold Coast 2008 AMMA Private Equity Nimble $18,300,000 12,13,14 ~3 Gold Coast 2005 Acorn, Monash Inv, Angels Euclideon $3,969,304 2010 1 Brisbane 2010 CA, Unknown SafetyCulture $3,600,000 2013 1 Regional 2004 CA, Blackbird, Angels Halfbrick Studios $3,000,000 2011 1 Brisbane 2001 NSW Interactive Media Fund Other Levels $2,528,853 2012 2 Brisbane 2012 Confidential ImmersaView $2,449,805 2013 2 Brisbane 2006 DIISRTE, CA, Unknown Tappr $2,420,000 2013 2 Brisbane 2012 Unknown EM Solutions $2,397,984 1 Brisbane 1997 CA Mesaplexx $1,849,804 2012 1 Brisbane 2007 CA, Unknown Rinstrum $1,824,370 1 Brisbane 2005 CA, Unknown V2i $1,716,126 2011 1 Gold Coast 2000 CA, Unknown Cloud DC $1,600,000 13 & 14 2 Sunshine 2012 Angels, CA, Unknown Out of Credit Solutions $1,500,000 2012 1 Brisbane 2012 AMMA Opmantek $1,500,000 2013 1 Gold Coast 2010 ASSOB, Confidential From Concept To Completion $1,004,800 1 Brisbane 2010 CA, Unknown Right Pedal Studios (accelratr) $1,000,000 2012 1 Brisbane 2012 Steven Baxter Fitgenes $934,888 2012 1 Brisbane 2007 CA, Unknown Qs Semiconductor Australia $924,000 2009 1 Brisbane 2009 CA, Unknown JobFit Systems Intnl $900,000 2012 1 Brisbane 2013 CA, Unknown Court Record Solutions $839,280 2011 1 Brisbane 2010 CA, Unknown 5 Lives Studios $830,400 2013 1 Brisbane 2013 Kickstarter mandraIT $830,080 2013 1 Sunshine 2012 CA, Unknown Liquid State $805,000 2013 2 Brisbane 2011 Confidential, CA Kondoot $800,000 2012 1 Brisbane 2010 ASSOB Health Risk Management Sys. $767,402 1 Brisbane 2009 CA, Unknown CatchLog Trading $745,198 2011 1 Regional 2005 CA, Unknown Art $71,791 Event $44,184 Photography $40,532 Social Enterprise $37,160 Comics $30,360 Video $30,046 Fashion $24,849 Food & Drink $24,045 Other $12,226 Journalism $11,640 TOTAL Technology FUNDING RAISED - ALL TECH $5,737 Research $ 126M $3,480 Craft $160 Total venture capital, private equity, government grants, crowdfunding and angel funding raised by startups and established digital technology companies located in Queensland, from 2009 to July 2014. Based on data from COMPUTER Crunchbase, GAME Angel SALES List, research and interviews. $3B TOTAL FUNDING RAISED - STARTUPS $2B $ $1.5B 37M $1.61B 2011 2012 2013 2017 Total funding raised in Queensland from 2009 to July 2014 by Startups established after 2009. No. STARTUPS THAT RAISED FUNDING 99/136 TOP COMMUNITY ISSUES: RANKED BY WEIGHTED VOTES Raise Awareness 1 Number Education of Queensland startups (99) out of all digital 2 technology Culture companies (136) that raised funding. 3 Funding 4 No. Government ROUNDSPolicy 5 116/165 Collaboration & Networking 6 Procurement 7 Infrastructure 8 Number Talent & of Skills funding rounds for startups (116) out of the 9 total Leadership number for all digital technology companies (165). 10 MEDIAN FUNDING - STARTUPS $ 100,000 TOP COMMUNITY ACTIONS: RANKED BY WEIGHTED VOTES Education Program 1 Form Leadership Group 2 Median amount of total funding raised in Queensland for Startup startups. Apprentice Median for all digital technology 3 companies Highlight Success was $200,000. Stories 4 Collaboration & Networking 5 Attract Talent 6 AVERAGE FUNDING - STARTUPS Communication Hub 7 $ 371,000 Govt Incentive - Investment 8 Hub 9 NBN Advocacy Group 10 Average amount of total funding raised in Queensland for startups. Average raised for all digital technology companies was $928,000. Sea Safe $742,400 2013 2 Gold Coast 2004 CA, Unknown TOTAL RAISED BY YEAR - ALL DIGITAL CO. ($) Defiant Development $704,095 2013 x2 2 Brisbane 2010 Screen Australia, Kickstarter 35000000 34M Yackstar $667,836 1 Brisbane 2009 CA, Unknown 30000000 27M 27M TrekTraka $650,000 12 & 13 2 Brisbane 2011 Confidential Trinity Software Australia $601,600 1 Regional 2010 CA, Unknown Txt4Coffee $600,000 11 & 12 2 Brisbane 2010 Confidential 13M 10M 15M goACT $600,000 1 Gold Coast 2010 CA, Unknown Appointuit $503,911 12 & 13 2 Brisbane 2010 Brisbane Angels 2009 2010 2011 2012 2013 2014 16
1500000 35000000 30000000 Investors and Investments TOP COMMUNITY ISSUES: RANKED BY WEIGHTED VOTES FUNDING Raise Awareness 1 Education 2 Culture 3 Funding CURRENT FUNDING LEVELS Government The report’s Policy funding data covers the January 2009 to 5 Collaboration July 2014 period & Networking and includes all digital technology 6 companies in Queensland with publicly available Procurement 7 information. It includes both investments and Infrastructure government grants (where no equity was exchanged). 8 Talent & Skills 9 This report identified 136 digital technology companies Leadership 10 that ran 165 separate funding rounds, 99 of which are startups by this report’s definition. $126m was raised TOTAL RAISED BY LEAD FUND TYPE in total, which gives an average $23m per year, or Private Equity $46.5m $4.90 per capita per year invested in digital technology companies for Queensland. The median total funding Government Fund (CA)* $36.5m TOP COMMUNITY ACTIONS: RANKED BY WEIGHTED VOTES raised for all digital technology companies was $200k, Individual Angel/s $18.4m Education but the average Program total raised was much higher at $928k, 1 and the average size of a funding round was $765k. The Venture Capital $12.0m Form Leadership Group 2 averages are high due to a small number of large raises, Angel Group $5.5m Startup particularly Apprentice one very large raise ($45m) for Guvera - 3a Highlight music streaming Success service. Stories 4 Government Fund (other) $4.1m Collaboration & Networking 5 Crowdfunding $1.4m Funding levels within Queensland are on par with norms Attract across Australia Talent for startup investment - between $4 6 Accelerator $1.0m Communication to $6 per capita per Hubyear. However, local and national 7 Other $0.4m Govt norms Incentive are well - below Investment global startup investment norms 8 and best practice which ranges between $30 to over Corporate $0.2m Hub $3,000 per capita per year. 9 Friends & Family $0.2m NBN Advocacy Group 10 When examining the source of funding, private equity 0 10000000 20000000 30000000 40000000 50000000 comes out as the leader $47m or 37% of all funding, driven primarily by AMMA’s $45m investment in Guvera. Government funding comes out as the second largest source of funding, both in total amount of funding ($24m or 19% of all funding by type) and TOTAL FUNDING BY FUND INVESTOR TYPE TYPE Private Equity Government Fund (CA) $46.9m $19.6m total raised by lead investor ($41m or 32% of funding). Individual Angel/s $18.0m Government funding is almost entirely made up of funding from the Commercialisation Australia program, Unknown (Matched Funding) $15.6m ~$20m or 16% of total funding, which attracted Venture Capital $13.4m matched funding of $18m (14% of all funding) from Angel Group $5.1m angels and VCs. It is noteworthy how effective CA was in attracting risk capital into the sector. The third largest Government Fund (other) $4.3m funding source is individual angels - $18m or 14% of Crowdfunding $1.4m all funding. In Brisbane the project identified 115 raises totalling $45m by 101 companies across the five and half year period. An average of ~$8m per year, and $4.03 per capita. 2009 For 2010 startups only, 2011 the report 2012 identified 2013 792014 startups that raised, with a median startup raise of $100,000 and an average round size of $317,000. On the Gold Coast 21 raises totalling $69m by 14 digital technology companies were identified. An average fund pool of $13m per year, and $24.60 per capita. The report identified 5 startups with a median startup raise of $62,500 and an average round size of $453,000. Total digital numbers on the Gold Coast are higher due to TOTAL AMMA’s INVESTED investment BY in INVESTOR Guvera (a TYPE music ($M) service) and Acorn Capital’s $10m investment in Nimble (a financial Private service). Equity Excluding these two outliers brings the $46.9M total Venture investment Capital to $5.7m, ~$1m invested per year, and $20.2M $2.03 Government per capita across Grant all - Matched tech. (CA) $19.6M Matched On the Sunshine Funding Coast (CA) 18 raises totalling $5m+ $15.6M by 13 Individual technology Angel/s companies were identified. An average $10.9M fund Angel pool of Group ~$1m per year and $2.91 per capita. 9 startups $5.1M with a median startup raise of $200,000 and an average Government round size of Grant $294,000 were identified. $4.3M Crowdfunding $1.4M Accelerator $0.9M Unknown $0.8M Corporate $0.2M 4 AVG FUND POOL PER YEAR - ALL TECH $ 22.9M Based on total funding raised over five and a half years. Average total fund pool for startups was $6.7m. Accelerator Unknown Corporate TOP TWELVE FUNDING SOURCES $0.9m $0.8m $0.2m AMMA $46.5m Commercialisation Australia $19.6m Acorn Capital $10.0m Transition Level Investments $3.5m NSW Government Interactive Media Fund $3.0m Brisbane Angels Syndicate $2.8m ASSOB $2.3m Blackbird Ventures $1.2m Founders Forum $1.2m 5 Lives Studios' Kickstarter Backers $0.8m Screen Australia $0.6m iLab $0.6m *Note this number includes both the government grant and the Matched Funding provided by participants. FUNDING PER CAPITA - ALL TECH $ 4.90 Average fund pool per year divided by Queensland population. Startup per capita funding was $1.43. VENTURE CAPITAL PER CAPITA Silicon Valley Israel USA 1000000 500000 Switzerland Norway Melbourne Cup Bets Australian Bio-tech Sweden Finland Denmark France Britain 2012 Aus Olympic Team Ireland Netherlands FUNDING BY REGION Belgium New Zealand Austria Perth (incl govt) Queensland Australia Queensland (excl govt) Perth (excl govt) 26, 27, 28 $4241 $183 $81 $74 $54 $52 $44 $40 $28 $16 Non-Digital Rest of Australia $15 $15 $14 $14 $14 $12 $11 0 50 100 150 200 FUNDING SOURCES TOTAL FUNDING FUNDING BY TECHNOLOGY BY TECHNOLOGY TYPE Software (web and mobile) Software and Hardware Software (offline) Silicon Chips & Semiconductors Software (monil only) 3D Printing Advanced Robotics Digital Queensland Non-Digital Queensland Digital Rest of Australia $8 $5.66 $4.90 $4.09 $4.02 $2.96 The top 12 funding sources, from AMMA to iLab provided 73% of all funding - approximately $92m dollars in total. It is interesting to note that these 12 only made up 16% of all the funding enties the report identified, ~70 in total. Within these top 12, the top 8 organisations provided 70% of all funding: AMMA, Commercialisation Australia, Acorn Capital, Transition Level Investments, NSW Government Interactive Media Fund, Brisbane Angels Syndicate, ASSOB, and Blackbird Ventures - just 12% of all funding entities identified. $108m $14.2m $1.5m $1.0m $1.0m $0.1m $0.1m 17
Page 1 and 2: South East Queensland 2014 STARTUP
Page 3 and 4: CONTENTS Foreword 4 Dashboard 5 Abo
Page 5 and 6: Summary statistics as at July 2014
Page 7 and 8: Why is digital technology important
Page 9 and 10: THIS REPORT ESTIMATES THE POTENTIAL
Page 11 and 12: 1 in 1,000 COMPANY STAGES This diag
Page 13 and 14: Startup formation rates FORMATION U
Page 15: TrekTraka (advertising) Trinity Sof
Page 19 and 20: Investors and Investments FUND FLOW
Page 21 and 22: Growth accelerators INCUBATION Orga
Page 23 and 24: Network CENTRALITY PEOPLE 30 Most C
Page 25 and 26: Location, Place and ENTREPRENEURIAL
Page 27 and 28: BRISBANE GOLD COAST SUNSHINE COAST
Page 29 and 30: Target market and product type of s
Page 31 and 32: The role of the arts in Queensland
Page 33 and 34: TOP COMMUNITY ISSUES: RANKED BY WEI
Page 35 and 36: Lawrence English Lee Waters Leigh A
Page 37 and 38: KEVIN GOSSCHALK CHRIS MACAULAY MATT
Page 39 and 40: TOP TEN COMMUNITY ISSUES BY REGION
Page 41 and 42: People ECOSYSTEM Paul Jansz Darren

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