Australia is writing the new chapters of its history by fostering a generation of remarkable economic success. The country now has three ‘solitary unicorns’ valued at over $1 billion. While this is just the crest of the wave, there are new and innovative tech firms emerging behind them. Several reasons have contributed to this rapid growth, including venture capital, availability of crowdfunding, and access to public markets. Besides, the multitude of technology incubators and coworking spaces are popping across the region, indicating a large scale job creation drive that can be nurtured for economic benefits. Recognizing the same, local and federal governments are significantly investing in technology through various initiatives.
Among the various trends pertaining to Australian startup space, the prominent one could be the commercial potential of the Asia- Pacific region that businesses are eyeing to scale. Another trend currently evident in the market is the increasing number of tech firms in the health and wellness industry. Whether it’s plant-based food or mental health, there are umpteen startups vying to top the market with their innovative products. Amidst these trends and technology innovations, it is crucial for startups to foster a technology-first mindset, enable customized configurations for solutions, and enhance the customer experience.
In light of these significant technological advancements today, StartupCity has compiled a list of top 10 startups in Australia 2020 to guide enterprise leaderships in harnessing the power of technology to embrace innovation and enhance productivity.
With several innovative technological capabilities and success stories up its sleeves, these companies are continually proving theirexpertise in the startup arena. We hope this issue of the StartupCity helps you build the partnership you and your firm need to migrate to an efficient and technology-driven environment.
We present to you StartupCity’s “Top 10 Startups in Australia–2020.”