The Australian digital economy is forecast to grow at 7% per annum over the next five years, roughly double total GDP growth by 2016.
The Australian tech startup sector has the potential to contribute $109 billion or 4% of GDP to the Australian economy and 540,000 jobs by 2033 with concerted effort by entrepreneurs, educators, the government and corporate Australia. (PWC / Google The Startup Economy 2013)
64% of Australia’s startups are based in Sydney (The Startup economy, 2013)
Sydney is ranked 12th out of 20 cities in the Startup Genome Ecosystem Index. (Source: PwC report)
NSW is home to more than 40% of Australia’s Creative and Digital businesses with the highest concentrations in Sydney CBD and inner city.
Over 60% of Australia’s ICT regional headquarters and operations centres are based in Sydney.
The Pyrmont-Ultimo area saw a 252 per cent jump in workers servicing the digital economy in recent years. (City of Sydney’s employment data)
Ultimo has Australia’s highest concentration of startups – with 52 per kilometre followed by Melbourne with 16.5 startups per kilometre and Sydney CBD with 15.4. (Startup Muster www.startupmuster.com) .