Startup News

Boundlss Report on Australian Startup Funding

Picture of Marcus Holmes
Marcus Holmes

Boundlss have put together another report on the state of the national startup scene

Jonah summarised the key points as:

Uber has captured nearly 10% of the Australian taxi market in under 2 years. Based on the best available data, Australia needs to invest at least $13 billion in digital tech companies over the next 10 years. Otherwise we’ll be left behind while foreign vikings use digital battle-axes to take a quarter of Australia’s GDP.
We estimate the economic impact of digital technology on the Australian economy in 2025 will be ~25% of GDP; and 5.5%+ of GDP will be captured by digital tech companies as revenue. Assuming this, and that growth of interest in the sector increases by an average 25% year on year think it is reasonable that the total number of digital tech companies from 2014 to 2025 could increase from 1,500+ to ~16,000 (assuming we successfully fight off the foreign tech vikings).
This growth in startups could look something like: 800 seed stage companies increasing to over 10,000 companies at the seed stage; 330+ to 4,000+ at early stage; ~100 to 600+ at later stage; and the number of unicorns at least doubling over the next eleven years from a half dozen to 15+.
Based on this we estimate approximately $13 billion needs to be invested over the next ten years in this sector to capture this value (and beat the vikings). With current funding increasing from an average $200M+ per year to a total of $4.5B per year in 2025 — per capita funding rates of $8.54 per person increasing to $182 per person (roughly equal to Israel now).

The full report is here: https://medium.com/the-boundlss-blog/australia-needs-13-billion-to-fend-off-vikings-cd53866e83c6

It’s an interesting read, and the conclusions are logical and straightforward, though the headline figure of $13billion does look a little daunting!

Get more advice and actionable insights to help you grow your startup.

Share this post :

LinkedIn
Twitter
Facebook
Picture of Marcus Holmes

Marcus Holmes

Gentleman Technologist and co-founder of Startup News. His vision has made //SN a sustainable media cheerleader for the startup community. Former CEO of Phnom Penh Post, he can be found somewhere in S.E. Asia coding away...
Latest News

Become a Startup Insider

Get the latest startup news, tips, and inspiration in your inbox each week.