Victoria's Ecosystem

We do the research...

LaunchVic estimates there are over 2000 startups. One in four founders are female... How do we know this? Because research is at the heart of what we do. In order to strengthen, develop and grow a competitive and globally recognised startup community in Victoria, we need to continue learning about the people, programs, sectors, employers and capabilities within it.

2020 Report 1

As confirmed in the recent 2018 Startup Genome Report, Melbourne is one of the most important global health and life sciences ecosystems in the world.
 
Recognising this, LaunchVic commissioned dandolopartners to undertake a review to understand what the challenges and opportunities were to creating the right environment so that our health startups can thrive.

2020 Report 2

Despite the size of Melbourne’s startup ecosystem, we have had an extraordinary amount of success in building digital marketplaces. In fact, more than 190 digital marketplaces are currently located in Victoria, with the sector growing at 11% per annum - well above the State’s current industry growth rate of 3%.

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2019 Research

basic details of each report  and link to where reports are

2018 Research

basic details of each report  and link to page where reports are

2017 Research

basic details of each report  and link to page where reports are

About Victorian Startups

A History of Success

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Victoria has a strong track record of proven success when it comes to transforming startups into high growth firms. Already, five ‘unicorns’ have emerged (REA Group, Carsales.com, SEEK, MYOB and Aconex) each valued at more than $1 billion – more than any other state in Australia.

​The Average Founder

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The average founder is 36. Females more likely than males to establish a startup past the age of 45.

Approximately 75% of all founders in Victoria are male, with the majority of founders (54%) educated to a Graduate Diploma level or higher.

Two thirds of founders were born in Australia, but the majority of founders (56%) have one or more parents born outside Australia, demonstrating the huge role immigration has played in creating the Victorian startup ecosystem.

97% of Victoria’s startups are in Melbourne, with the top 10 locations for startups being: Richmond, South Melbourne, Prahran, St Kilda Road, Southbank, Collingwood, South Yarra, Docklands, St Kilda and Brunswick. After Melbourne, Geelong had the largest number of respondents. 

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