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South East Queensland Startup Ecosystem Report - Press Release

A new report on Queensland’s startup sector by big data startup Boundlss, estimates the economic impact of disruptive technology on Australia’s Sunshine State in 2025 could be over $96 billion - roughly 24% of the state's future economy. To prevent international tech giants from capturing this value 1000s of new startups need to be formed and $2 billion to $5 billion in funding needs to flow into the sector over the next ten years. Substantial increases from the current yearly formation rates in the tens of startups and funding rates in the tens of millions.

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