The startup ecosystem flourishes. While Silicon Valley remains the “king of the hill,” cities all over the world are catching up the spirit of entrepreneurship – a worldwide hive of disruptive activities where Melbourne is included.
Entrepreneurs and gurus are rising up and want to be the captain of the ship. Their creative, disruptive and unique ideas are shaping the world, and surely yours can make a difference, too.
Sydney and Melbourne featured in the list of The Top 20 Startup Ecosystems Around the Globe last year. On a detailed note, 42% of startups in Melbourne are data driven compared with those in Silicon Valley, whilst it’s an edge for the locals on how to maximise a data-centric approach to build a rock-solid small business that can go global. Statistics serve as confident boosters, such as the report of PricewaterhouseCoopers (PwC), indicating that Australian startups could contribute $109 billion to the economy if investors back up this ecosystem.
Silicon Valley’s effect on entrepreneurship and startup ecosystems has provided benefits for all sectors, whether in government, corporate or public sector. The adoption of startup hubs uplifts the country’s economy, provides job opportunities and encourages creative people and entrepreneurs to innovate and to contribute within the social and community sphere.
Startups have revolutionised the way key sectors work and interact with technology and people, respectively. From modern workspaces to commercial airship services and mobile apps to DIY solutions in various niches, the ecosystem itself has a lot to offer for everyone.
Melbourne’s Revolver Creative, 99 Designs, Rapportive, and Mingly, are some of the few notable startups that have flourished, and our list could go on forever, including the other brands from Sydney, Queensland and Brisbane.
Those who want to thrive in the startup hive should use these keys to unlock the doors for success – differentiation, local government support and art equaled with entrepreneurialism. The bottom line is that each country or city has its own traditional factors, depending on how they perceive the startup ecosystem in general. Whilst the cities above are catalysts for success, it also depends on funding, technological adoption and other traits; mostly, it can be of that in cultural sense and adoption of the concept.
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