Adelaide’s Startup Performance Soars in Global Ranking 

Discover the Dynamic Hub FuelLing Innovation and Global Impact

Hey there, ambitious entrepreneurs, innovative thinkers, and game-changer extraordinaires! 

We’ve got some electrifying news to share with you. Brace yourselves, because Adelaide has just secured its place among the top five startup performers in the entire Oceania region!  

According to the 2023 Global Startup Ecosystem Report (GSER), recently unveiled to the world, Adelaide’s startup ecosystem has witnessed an astonishing 49 percent growth in value since 2018. It’s a clear testament to the vibrant energy and limitless possibilities that this city offers.

So, what does this mean for you, the daring souls venturing into the world of startups? 

It means that Adelaide can be your ultimate launchpad and springboard to success. This thriving hub is not just a city; it’s a community, a supportive family that embraces you with open arms, empowering you to reach for the stars.

Here at _SOUTHSTART, we’re all about forging a path to greatness together. We are humbled to be platformed as a key ecosystem leader in the report, with Danielle Seymour (Director/Co-Owner) attributed for the the following comment: 

“Fuelled by a combination of supportive policies, strategic partnerships, and access to top-tier research institutions, Adelaide’s ecosystem draws international attention and investment. Moreover, its support networks make it a fantastic place to be a founder.”

And let’s not forget about the sub-sector strengths that put Adelaide on the global map: life sciences, space technology, artificial intelligence, data analytics—the list goes on! Adelaide is a playground for disruptive ideas and groundbreaking ventures. It’s where you can turn your wildest dreams into tangible solutions that change the world.

Now, you might be wondering, “What makes Adelaide’s startup ecosystem stand out among the rest?” Well, here are just some achievements highlighted in the report:  

• Adelaide’s ecosystem has climbed a staggering 33 ranks in just one year. In 2022, it held the 196th spot, and now, in 2023, it proudly sits at 163.

• The ecosystem’s value has experienced an awe-inspiring surge of 347 percent, soaring from $348 million in 2020 to an astonishing $1.56 billion in 2023. It’s a testament to the immense potential waiting to be unleashed within these entrepreneurial streets.

• Early-stage funding has seen a remarkable increase of over 42 percent in 2022 compared to the previous year, while late-stage funding has skyrocketed by an astonishing 102.50 percent in the last five years. These numbers don’t lie—it’s a thrilling time to dive headfirst into the Adelaide startup scene.

• Tic:Toc Home Loans and Fleet Space secured monumental deals, emerging as the shining stars of the funding landscape. But wait, there’s more! Two exits worth over $50 million each have lit up the startup heavens. First, we have Sweat, soaring high with a valuation of $400 million, and then Power Health Solutions, valued at a cool $160.6 million. 

These triumphs illustrate the boundless opportunities that await you in Adelaide.

Are you ready to join this energetic and supportive community? Are you prepared to embark on a journey that will challenge your limits and redefine what’s possible? Come and step into the unknown, to build something extraordinary, right here in Adelaide. To discover more about Adelaide’s thriving ecosystem, its growth, and the immense potential it holds, click here.