10 Things to Know Before You Bring Your Startup to Australia: 3 – Economic Trends
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.
Booming Industries in Australia: In Focus
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Financial Services: Online lending platform Propsa raised $25 million in 2017, led by Airtree Ventures. |
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Agriculture: In 2017, global finance and manufacturing companies KPMG, Bosch and Agfunder invested $6.5 million in Tasmanian Agtech startup, The Yield. |
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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. |
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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.
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.
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