Sydney has the best of both worlds – world-leading economic strength and lifestyle, making it the best place in the world to grow a startup.
Anchored by business software leader Atlassian, and local unicorns Canva and Zip Co, Sydney’s startup ecosystem is growing fast. While entrepreneurs benefit from the city’s dynamic, educated workforce, what truly sets Sydney apart is its tight-knit tech community centered around a handful of innovation centers and accelerators. The Sydney Startup Hub opened in 2017 and generated more than $280 million in investment and over 1000 jobs in its first 2 years in operation. The innovation hub functions as the nerve center of the ecosystem, so far hosting more than 1,500 events. Sydney, with its 6 local universities, is home to a cluster of quantum research groups. Since December 2020 Sydney Quantum Academy has been working to build on that strength by supporting established companies, startups like Q-CTRL, and government-backed enterprises like Silicon Quantum Computing. Significant recent activity in the ecosystem includes an announcement in July 2021 that payments company Airwallex will locate its second Australian engineering hub in Sydney. In March 2021 online HR services startup Employment Hero raised A$45 million ($35 million) in Series D funding, and in May 2020 ELMO Cloud HR & Payroll raised A$70 million /~$48.3 million. In February 2021 SIGGRAPH Asia announced that Sydney would host its 2023 conference.
Ecosystem by the numbers
Digital & Creative Industries
Reasons to move your startup to Sydney
Supportive Business Environment
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