startup-ecosystem-mapping-report

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