36% of Australia Startup founders were born overseas revealed the Startup Muster report 2017. The ecosystem for Startups has come a long way in Australia. The report was compiled on the basis of feedback from some thousand Australia Startup founders.
The report reveals that 36% of the founders of Startups in Australia were overseas immigrants. It is compelling evidence that clamping of immigration will not augur well for the economy of the nation.
In the past few years, diverse ranges of Startups have been launched in Australia, as quoted by the Medium. These include Edu-Tech, Fin-Tech and digital platforms for various commodities.
The lady Startup founders have slowly and steadily progressed ahead in the last few years. This trend is reassuring, says the report. It has increased to 25% in 2017 from 16% in 2014. It is a fact to celebrate that one out of every four founders is a woman. On the other hand, it is also a pointer that much needs to be achieved in this direction.
The Startup Muster report 2017 also elaborates on the kind of support that is needed by founders of Startups. There are several aspects that result in the success or failure of a Startup. Smart and dedicated founders can knit together an incredible team. Investors must become part of the Startup team than burdening the firm with unrealistic conditions. The success of any Startup requires tremendous hard work and high level motivated spirit from each one involved.
The report underlines the difference between the Startup scenario in Australia and that of the US Silicon Valley. Less number of founders considers having media exposure as critical for the success of their business in Australia as that in the US.
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