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Global Startup Ecosystem Report features Adelaide for the first time on Emerging Ecosystem list

Adelaide’s startup sector jumped 25 spots in global rankings, as SA founders attend London Tech Week.

Adelaide’s entrepreneurial prowess is gaining important recognition on the global stage, as indicated by recent data underlining the city’s growing reputation in the startup sector. The latest Global Startup Ecosystem Report has featured Adelaide for the first time on its Emerging Ecosystem list. This inclusion highlights small ecosystems poised for significant global impact.

Further strengthening Adelaide’s credentials, the StartupBlink’s Startup Ecosystem Index Report, which was released in May, marks Adelaide’s ascent by 14 places globally and its advancement by one position within Australian cities.

According to the annual Global Startup Ecosystem Report by Startup Genome, Adelaide’s startups secured approximately $146 million in early-stage funding from July 2021 to December 2023. The same period saw three substantial exits valued at over $50 million each, showcasing the high potential of the local startup environment.

The Global Startup Ecosystem Report – also found that from 2023 to 2024, Adelaide’s startup ecosystem:

  • jumped more than 25 spots in the overall Startup Ecosystem Rankings
  • increased 19 per cent in value, reaching $1.9 billion.

This significant news coincided with one of the most anticipated global technology conventions, London Tech. Representatives from five South Australian startups, alongside a local investor firm, attended the event. Their aim was to explore avenues for export and expansion into the UK market.

The South Australian Government supported participants’ attendance as part of the Tribe Global Ventures’ UK trade mission. Entrepreneurs from Real Time Data, Migrova, LEKI Australia, Playground123, CareApp and Swarmer investor participated in this strategic delegation.

Syed Hussan, Co-Founder and CEO of Migrova, said “London Tech Week presents an excellent opportunity to connect with potential migrants and investors before our launch.” Migrova, gearing to launch later in the UK, offers a digital platform that connects aspiring migrants with top Australian migration agents, facilitating a smoother migration process.

These developments serve to spotlight Adelaide’s growing influence and capacity in the technology sector, bolstered by insightful reports and active participation in international tech events. As local startups continue to attract significant investment and interest, Adelaide is set on a path to becoming a noteworthy name in the global startup ecosystem.

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