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NSW Named Australia’s Startup Capital

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NSW Named Australia's Startup Capital
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NSW Minister for Industry Anthony Roberts today welcomed a survey that has confirmed NSW is Australia’s startup company capital.

“The Startup Muster 2015 Ecosystem Report has confirmed that NSW is the place to be when it comes to creating and growing a startup company,” Mr Roberts said.

“What’s more, through our Jobs for NSW initiative and other strong government support, we are determined to keep NSW at the number one spot for startups.”

The Startup Muster report found that about 46.5 per cent of surveyed startups listed NSW as their primary business location. This compares to 6.4 per cent in the ACT, 16.5 per cent in Queensland and 18 per cent in Victoria.

The same report also showed that NSW’s co-working space options were helping startups, with 51 per cent of all startups using these spaces (second only to the ACT where 55 per cent of startups used co-working spaces).

“This report illustrates how the strength and breadth of our startup eco-system makes NSW the undisputed number one choice for startups in Australia,” Mr Roberts said.

“We have everything a startup would need including, Australia’s strongest state economy and customer base and a wide variety of accelerators, incubators and co-working spaces. We also have Australia’s largest finance industry, world-class research and innovation institutions and of course, a wonderful urban, coastal and regional lifestyle.”

Mr Roberts said the recently formed Jobs for NSW board – chaired by former Telstra CEO and current CSIRO chair David Thodey – would be driving initiatives to keep NSW as the preferred location for new startup companies.

“Backed by the $190 million Jobs for NSW fund, this board will be playing an important role making NSW a fertile place for companies that are creating the jobs of tomorrow, including startups,” he said.

The Indian Telegraph Sydney Australia

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