10 Things to Know Before You Bring Your Startup to Australia: 3 – Economic Trends

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April 4, 2018

This chapter is an extract from LegalVision’s 10 Things To Know Before You Bring Your Startup to Australia Guide. Download the full guide here.

Economic Trends

The Australian economy is low-risk for startups as a result of its stability and steady growth.

Economic Trends

Booming Industries in Australia: In Focus

 

Financial Services: Online lending platform Propsa raised $25 million in 2017, led by Airtree Ventures.
Agriculture: In 2017, global finance and manufacturing companies KPMG, Bosch and Agfunder invested $6.5 million in Tasmanian Agtech startup, The Yield.
Energy and Sustainability: In 2017, the Federal Government’s Clean Energy Finance Corporation invested $5 million into electricity grid tech startup, GreenSync, which formed part of their $11.5 million raise.
Healthcare and Pharmaceutical: Perth-based medical booking startup, HealthEngine, raised a $26.7 million Series C round from local and international investors. Medtech Sydney startup Saluda Medical raised a $53 million Series D round.

 

If you have questions about this Manual or about your online business before you start reading, you can contact LegalVision’s startup lawyers by calling 1300 544 755 or filling out the form on this page.

10-things-to-know-before-you-bring-your-startup-to-australia

This chapter is an extract from LegalVision’s 10 Things To Know Before You Bring Your Startup to Australia Guide. Download the free 31-page manual which includes information on government incentives, economic trends, geographical considerations, building a team, visas, how to protect your brand and how to set up in Australia.

Jill McKnight

About Jill McKnight

(Read all articles by Jill)
Jill is a Practice Leader at LegalVision, specialising in the legal needs of startups, including business structuring, capital raising, shareholders agreements, and employee share schemes. Jill has an extensive background in banking and finance law, with over 15 years experience at top-tier corporate law firms across Europe, Asia, and Australia. She draws on her knowledge in dealing with high volumes of work with quick turnaround times and complex, cross-border transactions to provide startups, SMEs and corporate clients with high quality and commercial legal advice.
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