Tech startup growth plan

Tech startup growth plan

We want to hear from you

The City has just released an extensive draft plan designed to support the future growth of Sydney’s tech startup sector. To finalise our action plan, we are now seeking input from the startup community.

Almost two-thirds of Australia’s innovative tech startups are Sydney-based. They represent a massive talent that’s attracting international attention and playing an increasing role in shaping Sydney’s future economy, yet we lag behind other major cities in providing vital venture capital investment and government aid.

The City is determined to increase support for our local startup sector by working with industry and government partners to create an environment that enables these entrepreneurs to start and grow successful global businesses.

Following in-depth consultations with the startup community in recent months, we’ve drafted our 10-year action plan for providing tech startups with the support they need for growth. The plan focuses on increasing opportunities for knowledge-based, innovation-driven businesses to access investment, talent and skilled support networks, while creating a more connected ecosystem and reducing regulatory barriers.

We recognise that encouraging this sector will create jobs, strengthen Sydney’s economy and international connections.  

While we already support a thriving business community, we acknowledge that entrepreneurs and tech startup companies need a specialised local environment that provides networks, business and entrepreneurship education, infrastructure and financing opportunities.

The plan adopts a ‘lean startup’ approach, where the City will regularly evaluate and review programs that best support these businesses, and includes scope for us to amend our programs to reflect evolving needs. It is designed to address both the needs of individual tech startups and support organisations such as accelerators and incubators.

The plan’s author, Charnelle Mondy, said tech startups are vital for Sydney’s future. 

“Successful tech startups such as Atlassian, Campaign Monitor and Canva have put Sydney on the map. We want to build this entrepreneurial culture and support access to skilled support networks, funding and markets,” she said.

“Our goal is to support a flourishing ecosystem that is open, inclusive, skilled and highly connected.”

The draft tech startups action plan was released for comment in August and now we want to hear from people in the sector. You can provide feedback before 10 November, or send your submission to strategy@cityofsydney.nsw.gov.au.

Last updated: Thursday, 20 August 2015