startup-ecosystem-mapping-report

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Disruptive technologies vs #startups TECHNOLOGY DISRUPTIVE DIGITAL TECHNOLOGIES - POTENTIAL ECONOMIC IMPACT WITHIN QUEENSLAND VS No. STARTUPS 0 20 40 60 80 100 Automation of Knowledge Work Construction Mobile Internet Mining The Internet of Things Ownership of Dwellings Advanced Robotics are and Social Assistance Cloud Technology Manufacturing Autonomous and Near-Autonomous Vehicles rt, Postal and Warehousing 3D Printing Adminstration and Safety ce and Insurance Services 50% 40% 30% 20% 10% 0 $10 $20 $30 $40 $50 ific and Technical Services Wholesale Trade Retail Trade Education and Training Agriculture PERCENTAGE OF STARTUPS DEVELOPING DISRUPTIVE TECHNOLOGY ESTIMATED POTENTIAL ECONOMIC IMPACT IN MILLIONS * *Estimated potential economic impact of technologies within Queensland in 2025 based on the McKinsey Institute’s 2013 report Disruptive Technologies: Advances That Will Transform Life, Business, And The Global Economy. Note these estimates do not represent GDP or market size (revenue), but rather economic potential, including consumer surplus. They are not directly additive due to partially overlapping applications and/or value drivers across technologies. 9 Water and Waste Services l and Real Estate Services Administrative Services Communication odation and Food Services Other Services and Recreational Services 30
The role of the arts in Queensland startups THE ARTS #ARTS STARTUPS 43 Number of startups focussed on the Arts & Recreation Services market or developing tools that fall under the creative arts, including music, photography, video, publishing, tourism and computer games. #STARTUPS IN THE ARTS BY PRODUCT TYPE Digital Games Sport Publishing Music Marketplace Graphics Advertising Productivity Queensland has a high proportion of startups focussed on serving the Arts & Recreation Services market - 43 startups out of the total 226 startups identified within Queensland, or 19% of all startups. The vast majority of these are Digital Game studios a developing their own content. Twenty six games studios in total or 12% of all startups, and over half of arts focussed startups. As it’s the largest product category the report goes into games studios in greater detail on the following pages. If Digital Games are excluded from the Arts, the number of arts related startups falls to 17 or 8% of all startups. Under the Australian and New Zealand Standard Industrial Classification (ANZSIC), Sports (7 startups or 3% of all startups) are included within the Arts & Recreation Services industry, if these are then excluded from the arts just 10 startups remain that target the creative arts - 4% of all startups. Within these 10 startups the most notable is We Are Hunted, a music discovery and recommendation platform that was acquired by Twitter in late 2012 for an undisclosed sum. The We Are Hunted team then led the development of Twitter’s #Music service, before it was closed down in early 2014. a. “Digital Games” studios or developers do not have a seperate classification within the ANZSIC industry classification. The ABS states “there is no specific ANZSIC class for digital game development... [they] have been found to be predominantly coded to ANZSIC class 7000 (Computer system design and related services).” - a subset of “Professional, Scientific and Technical Services.” However the ABS analyses them alongside Film & television broadcasters in their recent publication “Film, Television and Digital Games, Australia, 2011-12”, 30 a subset of “Information Media & Telecommunications.” Within this report the market focus of Digital Games Studios are categorised as “Arts & Recreation Services”. 26 7 3 2 2 1 1 1 FUNDING BY TARGET MARKET - ALL TECH ($M) Arts & Recreation Services $51.8 Finance & Insurance Services $22.3 Information Media & Telecommunications $21.9 Public Admin, Defence & Safety $5.6 Advertising Services $4.6 Agriculture, Forestry & Fishing $4.4 Health Care & Social Assistance $3.2 Education & Training $2.9 Professional, Scientific & Technical Services $2.8 Construction $2.0 Unknown $1.7 Retail Trade $1.2 Mining, Energy & Resources $0.4 Clothing & Footware Retailing $0.4 Administrative & Support Services $0.4 Entertainment, Tourism & Sport $0.3 Manufacturing $0.1 Rental, Hiring & Real Estate Services $0.02 Transport, Postal & Warehousing $0.01 While not a startup, the music service Guvera is also a notable digital technology company within the arts sector, given its $45m in funding over the past 5 years. The company has stated it recently secured a deal with Lenovo to be pre-installed in all Lenovo smartphones. Liquid State is also notable having secured a place in Berlin accelerator, Startup Bootcamp, and raised ~$800K from CA, Angel and the accelerator. Another startup of interest is Hirehive, a peer to peer marketplace for filmmakers to share equipment - this is perhaps one of the few startups focussed solely on directly serving creatives within the Arts & Recreation Services industry. Funding In terms of funding the Arts & Recreation Services market attracted the greatest funding across all digital technology companies and startups, with 41% of all funding - primarily driven by Guvera’s funding. Exclude this and it falls to fifth or sixth on the ranking for all digital technology companies. Funding for arts startups was $3.8m - a little over 10% of all startup funding. In terms of funding sources, three Arts organisations; the NSW Government Interactive Media Fund, Screen Australia, and Creative Enterprise Australia; provided 3% of all digital technology funding, or $3.7m in total. This funding was primarily made up of a $3m grant from the NSW Government Interactive Media Fund to Defiant Development - a game studio. FUNDING BY TARGET MARKET - STARTUPS ($M) Information Media & Telecommunications $12.2 Finance & Insurance Services $4.0 Advertising Services $4.0 Arts & Recreation Services $3.8 Health Care & Social Assistance $2.3 Construction $1.8 Professional, Scientific & Technical Services $1.7 Agriculture, Forestry & Fishing $1.4 Unknown $1.3 Public Admin, Defence & Safety $1.2 Retail Trade $1.1 Education & Training $0.9 Mining, Energy & Resources $0.4 Clothing & Footware Retailing $0.4 Administrative & Support Services $0.4 Rental, Hiring & Real Estate Services $0.02 Transport, Postal & Warehousing $0.01 Support In terms of arts organisations that support the startup sector the key organisation identified was the State Library of Queensland and specifically the Edge, a creative / hacker type space within the library. Thirty one out of 109 digital technology related groups happen within the library - 28% of all meetup groups identified within the state. 31
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 and 16: TrekTraka (advertising) Trinity Sof
Page 17 and 18: 1500000 35000000 30000000 Investors
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: Target market and product type of s
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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