STARTUP ECOSYSTEM REPORT

SUMMARY
NO. STARTUPS
83+
Estimated number of startups within Regional
Queensland (RQ) a
NO. FOUNDERS
150+
Estimated number of startup founders within RQ
NO. PEOPLE
~450
Estimated number of RQ startup employees
N0. MEETUPS & EVENTS
71
Estimated number of startup events per annum
NO. COWORKING SPACES
3
NO. SUPPORTING COMPANIES
150+
Estimated number of companies involved in the
startup ecosystem
NO. ASSOCIATED PEOPLE
~1,500
Based on the number of technology meetup groups
and employees of startups and supporting entities
TOTAL FUNDING RAISED BY STARTUPS
$10.4M
Estimated total amount of funding raised by RQ
startups between January 2010 and July 2015.
Funding sources include venture capital, angel
investment, government grants and awards.
Excludes bootstrapping (self funding)
AMOUNT OF STARTUP BOOTSTRAPPING
$20M
Based on global benchmarking, we estimate that it
takes $250,000 to get a startup off the ground
NO. STARTUPS FORMED BY YEAR b
Strategy
Marketing
Project Management
Management
Education & Training
Leadership
Information Technology
Business Development
Stakeholder Management
Finance
10
12
24
22%
4
4
6
24%
4%
MARKET FOCUS: % STARTUPS BY TOP 10 d
2009 2010 2011 2012 2013 2014 2015 1 2-5 5-10 11-50
Agriculture, Forestry, Fishing & Hunting
Arts & Recreation Services c
Information Media & Telecommunications
Professional, Scientific & Technical Services
Education & Training
Entertainment, Tourism & Sport
Public Administration & Safety
Retail Trade
Communication
Construction
% OF PEOPLE BY COMMON SKILLS e
18
17%
10%
10%
10%
8%
6%
6%
6%
5%
4%
10%
8%
7%
6%
5%
5%
5%
4%
3%
2%
a) For the purpose of this report, Regional Queensland
(RQ) is defined as the following regional areas;
Toowoomba; Ipswich; Bundaberg; Rockhampton;
Mackay; Townsville; and Cairns.
b) Number of Startup companies founded by calendar
year in the “No. Startups formed by year” graph does
not equal the total “No. Startups” as the founding dates
of some startups within RQ were not identified.
c) Arts & Recreation Services includes digital game
studios, developers and tourism.
% OF STARTUPS BY TEAM SIZE
50%
% OF PEOPLE BY AGE e
4
29
18-24 25-34 35-44 45-54 55+
FEMALE FOUNDERS e
Female (13%)
Male (87%)
32
d) While the report uses the Australia New Zealand
Industrial Classification (ANZIC) to classify the
“Market Focus” of companies, this does not represent
their industry classification, but rather the target
market of a startup company - the primary market they
are addressing.
e) Based on estimated percentage of people in RQ with
“Founder” or “Owner” in their job titles, working in
Technology companies identified on Linkedin.
27
9
5