Sydney’s Tech Ecosystem By the Numbers

Investment NSW and Startup Genome have teamed up to spotlight Sydney’s entrepreneurial ecosystem in the Global Startup Ecosystem Report:

• Ranking as the #21 Global Startup Ecosystem

• The ecosystem created $72 billion in Ecosystem Value from Jul 01, 2021 to Dec 31, 2023. Ecosystem Value is a measure of economic impact, calculated as the value of exits and startup valuations.

• Top 20 Global Ecosystem and #1 Oceania Ecosystem in Performance — measures the size and performance of an ecosystem based on the accumulated tech startup value created from exits and funding

• Top 25 Global Ecosystem and #1 Oceania Ecosystem in Funding — measures innovation through early stage funding and investor’s activity

• Top 25 Global Ecosystem and #1 Oceania Ecosystem in Talent & Experience — measures long-term trends over the most significant performance factors

• #1 Oceania Ecosystem in Knowledge — measures innovation through research and patent activity

• Top 10 Oceania Ecosystem in Affordable Talent — measures the ability to hire tech talent

• Top 10 Oceania Ecosystem in Bang for Buck — measures the amount of runway tech startups acquire, on average, from a VC round

• The Cleantech, Medtech & Life Sciences, and Quantum Computing sectors are highlighted for their density of talent, support resources, and startup activity

• Sydney’s advanced digital infrastructure, large university network, and robust job market are cited as reasons a startup should move to the ecosystem

"With Investment NSW at the helm, the Sydney startup ecosystem has built an impressive $72 billion in Ecosystem Value," says JF Gauthier, Founder & CEO of Startup Genome. "We are thrilled to work with them to continue to foster economic growth through entrepreneurial innovation."

For more insights and an overview of Sydney’s startup landscape, visit the Sydney ecosystem page.

To learn more about startup ecosystems around the world, view the full, free Global Startup Ecosystem Report.