STARTUP ECOSYSTEM PRELIMINARY REPORT

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<strong>STARTUP</strong> WA LETTER Deloitte forecasts that “one-third of the Australian economy is facing imminent and substantial disruption by digital technologies and business models by 2025”. 1 In 2013, the City of Perth commissioned the inaugural Startup Ecosystem Report. This data mining exercise painted an invaluable picture of the state of Perth’s then-nascent startup community, the growth of which was centered around Spacecubed, the CBD coworking space which had just celebrated its first birthday, Meetups and events such as Startup Weekend, and entrepreneur-focused education programs like Founder Institute. The report was designed to quantify and report on the startup ecosystem, providing a platform to monitor progress and inform policy. Having jointly funded the WA Startup Ecosystem Report 2015, the Department of Commerce - Industry and Innovation and the City of Perth now provide us with another chance to reflect on the growth of the startup ecosystem to date, and provide deeper insights as to the opportunities and challenges that lie ahead if we are to unlock the potential of digital technology and disruptive innovation as a creator of new jobs and wealth in the years to come. The 2013 report identified a core of 100 digital and internet-based early-stage startups businesses in Perth. As you will see from the pages that follow, we have already seen this number balloon to 335 active startups - a 235% increase in just over two years. The first report identified nine key opportunities for development within the ecosystem, a number of which have already borne fruit. Although still in their early stages, we have seen the handful of accelerator programs, university programs and corporate partnerships launch in the past 18 months - including Bloom and Start Something. at UWA; Amcom Upstart (from which the first cohort of companies graduated earlier this year), RAC SeedSpark, and the Unearthed program - which launched from Perth with a mandate to drive innovation in the resources sector, and has already expanded to a national hackathon series and accelerator program. As the WA Startup Ecosystem Report 2015 makes abundantly clear, countless growth opportunities remain - particularly in the context of partnerships with government, universities, and industry, helping to deepen capital pools and develop infrastructure to support entrepreneurs’ continued development. With Gross State Product forecast to reach ~$300 billion in 10 years, up to ~$100 billion is therefore ‘at risk’ of digital disruption - how much of the value of this disruption will be captured by WA companies? Clearly we must act now to seize these opportunities and to assist local entrepreneurs. StartupWA would like to thank Department of Commerce - Industry and Innovation and the City of Perth for their support of the startup ecosystem as a key driver of economic growth, jobs and prosperity across WA. We look forward to their continued support and to the rapid evolution of the startup sector over the months and years ahead. Sheryl Frame Justin Strharsky Samuel Birmingham Brodie McCulloch Andrew Outhwaite Mark Shelton Zane Prickett 8
THIS <strong>REPORT</strong> ESTIMATES THE POTENTIAL ECONOMIC IMPACT OF DISRUPTIVE DIGITAL AND INTERNET TECHNOLOGIES ON WESTERN AUSTRALIA’S ECONOMY IN 2025 COULD BE OVER $76 BILLION PER ANNUM. APPROXIMATELY 25% OF GROSS STATE PRODUCT.
Page 1 and 2: Western Australia 2015 STARTUP ECOS
Page 3 and 4: Green Unity (Construction-Tech) Gri
Page 5 and 6: ORGANISATIONS Port80 Perth (Tech) P
Page 7: FOREWORD “ NEW TECHNOLOGIES ARE A
Page 11 and 12: WA STARTUP BY TYPE Internet Softwar
Page 13 and 14: KEY STATS NO. STARTUPS 335/420+ Est
Page 15 and 16: WA TECH 2015 VS 2025 Tallinn, Eston
Page 17 and 18: DISRUPTIVE TECHNOLOGY DISRUPTIVE DI
Page 19 and 20: GROWING UNICORNS ESTIMATED TOTAL NU
Page 21 and 22: “Time is running out. The develop
Page 23 and 24: TOP 30 STARTUP MEETUP GROUPS BY MEM
Page 25 and 26: “ STARTUPS BEGET STARTUPS. PEOPLE
Page 27 and 28: TOTAL GLOBAL VC FUNDING 2014 Source
Page 29 and 30: WA STARTUP LISTINGS: IPOS AND RTOS
Page 31 and 32: THE INCREASINGLY CROWDED GLOBAL UNI
Page 33 and 34: FUNDING This report’s funding dat
Page 35 and 36: “ UNLIKE RESOURCES, CREATIVITY IS
Page 37 and 38: PRODUCT MARKET MIX ARTS AND RECREAT
Page 39 and 40: WA MINING TECH TYPES NO. STARTUPS W
Page 41 and 42: KMPG ENERGISE ACCELERATOR NEWTON LA
Page 43 and 44: “ THERE’S A TEMPTATION IN OUR N
Page 45 and 46: # CONSUMERS 2009 VS 2030 2009 2030
Page 47 and 48: SISTER CITIES The City of Perth has
Page 49 and 50: AGTECH & AGWORLD FARMERS USING AGWO
Page 51 and 52: COMMUNITY ACTIONS TOP 15 ACTIONS BY
Page 53 and 54: DEFINITIONS PROJECT AIMS This proje
Page 55 and 56: Kerrod Gray Kevin Baum Kevin Bellet

STARTUP ECOSYSTEM PRELIMINARY REPORT

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