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.
Data Mining in Australia’s Mining Capital. We’ve just completed our research on the Perth startup ecosystem. The report and associated infographic are the first time Perth’s startup community has been comprehensively researched, and shows the growing vitality of Perth’s early stage digital ecosystem including recent funding rounds...
The team behind Floq raises an angel round and launches Boundlss, a behaviour analytics platform for optimising human performance.
Opportunity We think a perfect storm is brewing that will have as big an impact on our lives as the internet, bringing together five key technologies; mobiles, social media, big data, sensors, and location-based services. The 3.3B smartphones and 500m wearables projected to be in people’s pockets and on their wrists by 2018, together with the explosion in sensors allow unprecedented real world behaviour tracking.
*First published on our survey platform Floq, on the 28th May 2012.
Does Australia have what it takes to create the next Facebook? Australia might not be top of mind as a hot spot for digital innovation but with Aussie companies like Kaggle, Atlassian and 99Dresses making a dent in the digital universe it’s only a matter of time before the next Facebook comes from downunder. To shine some light on this question Australian startup Floq has today released the first interactive map of tech startups down under.