• Home
  • About Us
  • Search Jobs
  • Submit Resume
  • Articles
  • Testimonials
  • Clients
  • Contact Us
Have you taken our Salary Survey?
  • My Account
  • Saved Jobs
  • My Searches
  • My Badges
  • Logout
Tax Jobs – Jobs for public practice tax professionals at Big 4, Mid Tier and boutique
  • About Us
  • Jobs
  • Articles
  • Testimonials
  • Contact Us
Search Jobs
Find Talent

Search


OR

Submit Resume

  • Corporate & Int. Tax
  • Transfer Pricing
  • Compliance & Reporting
  • M&A / Transactions
  • Private Clients

The Future For Australian Tech Start-Ups Is Looking Bright

By Leslie Zeder
 
430
Views
Tweet

Australia may be approaching a new innovation boom with the unveiling of the Federal Government’s new A$1.1 billion package of measures intended to bolster entrepreneurship and new business investment in Australia.

"Unlike a mining boom, [the ‘ideas boom’] can continue forever; it's limited only by our imagination," Turnbull said.

Australian Securities Exchange (ASX) Technology Listings Sky Rocketing

The Prime Minister’s package announcement came on the heels of the explosion in technology listings on the ASX. Funds this year have more than doubled in contrast to 2014.

“We are becoming the Nasdaq of Asia. There is a transition taking place with funds flowing from mining into technology stocks in the small to mid-cap space,” informed ASX general manager, Max Cunningham.

What’s Next?

As the country continues winding back from the mining hey-days the focus is turning to the innovation space. The Prime Minister believes a fundamental change in the culture of the nation is necessary in order to see the start-up sector flourish, and the first step is helping start-ups get off the ground by giving them more access to capital and support.

The A$1.1 Billion Package Measures Include…

1. Capital gains decreases for start-ups.

2. Generous income tax rebates for retail investors.

3. Bankruptcy law amendments to foster more risk-taking by entrepreneurs.

5 Reasons Why Australia Is Ripe For Tech Start-Ups?

  1. Competition is much lower for start-ups here, than abroad in places such as the United States (US).

  2. Venture capital is abundant for great businesses starting out here. Plenty of high-net worth Australian’s and family businesses have more capital available for new business ventures than they can currently put to use. Funds like Airtree, Trimantium and Blackbird are all said to be not completely deployed.

  3. Labour is fairly cost-effective. Experts such as software engineers are more affordable to employ here than in entrepreneurial hubs such as those in the US and our rent’s are generally lower compared to US hot-spots.

  4. Close to Asia. Australia’s proximity to Asia gives start-ups an advantage as a rising tide of Asian investors begin adopting technology in ever increasing numbers.

  5. The weak dollar. Australian companies are now around 20 to 30% more competitive with the fall of the Australian dollar. A weaker dollar can aid start-ups in gaining foundation clients.


You might also be interested in:

10 Ways To Boost Your Career Mentality

10 Ways To Boost Your Career Mentality


Finding a job is hard but having the right mentality can change all that.

Thinking About Working In Sydney? Sydney Blog Part II

Thinking About Working In Sydney? Sydney Blog Part II


Sydney’s economic outlook is looking bright. Find out who’s earning what and why the state is set to shine.

Job Hunting in a New Town

Job Hunting in a New Town


If you feel like it’s time to make an impactful life and career move, we have some tips to help you.

Navigate
  • Home
  • Jobs
  • Submit Resume
  • News / Blogs
About Us
  • About Us
  • Testimonials
  • Contact Us
Links
  • AccountantJobs.com.au
  • AuditingJobs.com.au
  • BusinessServicesJobs.com.au
Copyright 2021 PC Recruitment Pty Ltd. All rights reserved.

Privacy Policy - Cookies