Australian Prime Minister Malcolm Turnbull recently announced a $1.1 billion package dedicated to innovation, to include tax breaks for startup investors and changes to existing crowdfunding legislation. Only time will tell if these efforts will spur tech innovation and startup activity; that said, the following list of 13 up-and-coming tech startups may indicate that Oz is well on its way to becoming the next tech startup mecca.
Coinjar is a bitcoin exchange that has managed to raise significant funding by creating a platform connecting the traditional banking world to the bitcoin market.
Clinicloud brings healthcare home with smart medical devices, namely—its connected home medical kit. The startup received $5 million in seed funding last year.
3D printing-based startup Eora 3D is capitalizing on the Maker/3D printing movement. It raised nearly $ 600,000 last year.
Invoice2go is an iOS/Android app that allows small mobile businesses to create and send purchase orders, quotes, and professional invoices from any smart device. It has raised $ 50 million in venture capital funding in the past 18 months.
BugCrowd has developed a crowdsourced security testing platform for testing mobile apps, SaaS/cloud offerings, and more. The company has amassed a community of 22,000 security consultants to power its testing services and has raised $1.6 million in funding to-date. It’s mission: to become the security industry’s central hub for organizing “big bounty” programs.
Envanto is a leading online marketplace for graphic and web design resources (e.g., WordPress themes and plugins, HTML5 website templates, code snippets) Last year it made $50 million in revenues.
Persollo is an online service that enables e-commerce for merchants across social networks. The platform makes it easy to set up payment forms with one click.
Townske is an app that enables locals across the world to set up and share their own city guides. These guides are then accessible by visiting travelers.Townske is actively seeking investors and partnerships in 2016.
Sociabl allows users to chat with their favorite sports stars and actors. It launched in December 2015 and is already worth around $5 million.
Simpla is a platform that enables non-technical website owners to edit web pages, designs, and videos through simple, point-and-click browser actions.
Touch One by Infiniti Technologies is the first ever dedicated smartwatch keyboard. The device won the PitchFest CeBIT 2015 award.
Vinomofo is a highly popular wine etailer that secured a record $25 million raising from Blue Sky Ventures. Current activities are focused on overseas expansion of their products and services.
Pocketbook is a personal finance app that integrates all your budgeting, banking, and credit card records into one interface. It also categorizes the transactions that fall into each bucket automatically.
In short, these Australian startups—and many more to come—are finding their home base increasingly conducive to entrepreneurship. Be sure to keep a close eye on startup scene down under in the coming months and years, as the Australian government’s stimulus will surely lead to more impressive tech innovations down the road.