NSW the best place for startups

8 December 2015

A photo of a new business owner holding a now open sign

NSW has been named Australia's startup capital, in a report released this month revealing NSW is the best place to create and grow a startup company.

The Startup Muster 2015 Ecosystem Report found that about 46.5 per cent of surveyed startups listed NSW as their primary business location. This compares to 6.4 per cent in the ACT, 16.5 per cent in Queensland and 18 per cent in Victoria.

The same report also showed that NSW's co-working space options were helping startups, with 51 per cent of all startups using these spaces.

The report illustrates how the strengths and breadth of the state's startup ecosystem, along with NSW Government support, makes NSW the number one choice for startups in Australia.

NSW's strengths as Australia's startup capital

While the results of this Startup Muster Report are pleasing, it comes as no surprise that NSW is the top spot for startups. NSW has everything a startup needs including Australia's strongest state economy and customer base.

Also in support of startups, NSW has a wide variety of accelerators and incubators where entrepreneurs can bring their ideas to life, test their market and get a kick start.

NSW also has Australia's largest financial industry, world-class research and innovation institutions and of course, wonderful city, coastal and regional lifestyle opportunities.

Get more information about why NSW is the best place to start a business.

Keeping NSW as the number one spot for startups

The recently formed Jobs for NSW Board – chaired by former Telstra CEO and current CSIRO chair David Thodey – will drive initiatives to keep NSW as the preferred location for startup companies.

The Jobs for NSW Board is a new private-sector led, government-backed board tasked with turbocharging the NSW economy to deliver 150,000 new jobs. Supported by the $190 million Jobs for NSW Fund, this board will play an important role in making NSW a fertile place for companies that are creating future jobs, including startups.