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Startup Ecosystem in WA

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Tech startups are challenged in Western Australia: a remote city, with limited funding opportunities and a small market. What's the scene like? What's the funding situation? What help is required to better foster the early stage scalable tech scene in WA?

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Startup Ecosystem in WA

  1. 1. Perth’s Startup Scene Charlie Gunningham Accelerating Commercialisation Dept of Industry, Innovation & Science @ChazGunningham
  2. 2. Perth/WA = Paradise … tech centre?
  3. 3. Mining $72B/yr
  4. 4. Ag $6.8B, mostly wheat
  5. 5. ‘Lithium Valley’ 40% world output
  6. 6. … so what of tech?
  7. 7. 2012-> Mining Construction slows Layoffs & redundancies rise CBD office vacancy hits 29%
  8. 8. 2012-> first co-working space opens
  9. 9. 2018:Startups + Co-working ~ 450 ‘Start/Scaleups’? 20+ spaces https://www.startupnews.com.au/list-perth-co-working-spaces/
  10. 10. Educating + Accelerating 30+ Educational ~ 15 with money
  11. 11. 2012-17 across Perth city… 900+ new tech jobs 800+ education jobs (lost 8K mining/O+G jobs)
  12. 12. FLUX 191 St G T… FULL! …VGW takes 2 floors
  13. 13. Notable recent tech funding … ~ ASX & RTOs ~ Non-ASX Deals 60‘Back door listings’ 2013-2017 $34M ICO $26M Sequoia India $8M Go Capital & angels
  14. 14. Investing into WA Companies, 2018 Total Tech Startups $9.4B $28M
  15. 15. Loads of extra reasons to back tech startups…
  16. 16. FUNDING → SUCCESS STORIES … and SUCCESSES → FUNDING
  17. 17. Perth a tech city … what will it take?

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