Startup ManifestoAn Open Letter to the 32nd Prime Minister of AustraliaSign the Open LetterOur FocusBuilding a Thriving Future for Australian InnovationKnow MoreCollaborate and TranformBecome a Contributor to this critical public policyBecome a Contributor
Previous slide
Next slide
Startup Manifesto 2024 – an Open Letter
Britain’s startup and scaleup ecosystem is at a crossroads.
Over the past decade we have seen incredible progress on almost every measure. The venture and debt financing for British tech firms in the single month of May this year outpaced funding in the whole of 2014. We see more and more ambitious people being drawn to work in startups or to build their own. And we’re leading the way in the newest cutting edge industries like AI and ClimateTech.
As founders, investors and champions of British tech – we all agree we can’t let this progress stop. And despite this success, we see clear and critical challenges for both our ecosystem and the British economy.
Whoever wins on 4th July – they will have to face up to these challenges. We believe the best way to address them will be to tackle them together. By supporting the UK’s great entrepreneurs and startups – a future Prime Minister wouldn’t just be driving the success of our tech ecosystem, but our country’s economic prospects too.
Doing that means delivering on Government policy that fills in existing gaps in investment, ensures companies can access the talent they need from at home and abroad, and creates a regulatory landscape that works for startups not against them. Above all, it means being laser focused on breaking down the barriers that prevent our very best companies and entrepreneurs from thriving.
We’re backing the Startup Coalition’s plan to make this happen.
British startups can, should and will be centre stage in any successful British economic strategy in the months, years and decades to come.
The future Prime Minister should, and we hope will, do everything in their power to support them.
Sign the Open Letter:
An Open Letter to the
32nd Prime Minister of Australia
Dear 32nd Prime Minister,
Australia’s startup and scaleup ecosystem is at a pivotal moment.
In recent years, we have witnessed remarkable growth and innovation across the country. Investment in Australian tech startups has surged, with record-breaking funding rounds and a burgeoning ecosystem that rivals the best in the world. Our entrepreneurs are pioneering breakthroughs in fields like artificial intelligence, biotechnology, and renewable energy, positioning Australia as a leader in the global innovation landscape.
However, we now face significant challenges. According to the Global Startup Ecosystem Index 2024, Australia has dropped out of the top 10 for the second consecutive year, now ranking 11th. This is Australia’s worst ranking since the introduction of the Index. Moreover, although we have two cities in the global top 50, none are in the top 30, highlighting our struggle to establish a dominant startup hub on the global stage.
The recent data from “The State of Australian Startup Funding” report by Cut Through Venture and Folklore Ventures further underscores our concerns. In FY21, Australia saw 731 deals raising $10.6 billion in capital. By FY22, the number of deals dropped to 712 with $7.4 billion raised. Most alarmingly, in FY23, deals plummeted to 413, with only $3.5 billion raised. This declining trend in both the number of deals and the total capital raised is a clear signal that we need urgent action to revitalise the startup funding landscape in Australia.
As founders, investors, and advocates we are united in our belief that this progress must not only continue but accelerate. Despite our successes, there are pressing challenges that need to be addressed to ensure our ecosystem remains vibrant and globally competitive.
As the upcoming state and federal elections approach, the future of our startup ecosystem will be significantly influenced by the decisions and policies of our elected leaders. We urge the incoming government to prioritise the needs of startups and scaleups, recognising that supporting our entrepreneurs is crucial for Australia’s economic prosperity.
The 32nd Prime Minister will face the task of addressing several critical issues that are essential for the sustained growth of our startup sector. These include enhancing investment opportunities, fostering talent development and retention, and creating a regulatory environment that encourages innovation rather than stifling it.
Above all, there must be a focused effort to dismantle the barriers that hinder the success of our most promising companies and entrepreneurs.
We endorse a comprehensive plan to achieve these objectives, and we believe that with the right policies in place, Australian startups can play a central role in driving economic growth and job creation in the coming years.
Your Sincerely
The Startup Coalition
Startup Manifesto
Sign the Open Letter:
Signatories: 10
Sign the Open Letter:
Signatories: 10
About Us
The Startup Coalition is a collaborative initiative dedicated to fostering and advancing the startup and scaleup ecosystem in Australia. Comprised of leading founders, investors, industry champions, and key stakeholders, the coalition aims to drive policy reforms and initiatives that support entrepreneurial growth and innovation across the nation.
Our mission is to create a thriving environment for startups by addressing critical challenges such as investment gaps, talent acquisition, and regulatory barriers. Through advocacy, strategic partnerships, and community engagement, the Startup Coalition works to ensure that Australian startups are positioned at the forefront of the global innovation landscape.
By uniting the voices and efforts of Australia’s entrepreneurial community, the Startup Coalition is committed to shaping a prosperous future for Australian innovation, where startups can flourish and contribute significantly to the nation’s economic growth and global competitiveness.
[contact-form-7 id=”deecf86″ title=”Contact form 1_copy”]
Collaborate and Tranform
Become a Contributor to this critical public policy
Contact Us:
Questions about the letter or want to get more involved? Use this form to get in touch.
[contact-form-7 id=”5d11919″ title=”Contact form 1″]
This open letter is managed by The Startup Coalition – @Copyright 2024
deneme bonus veren sitelerRomabetmostbet casinomostbet casinocasino7 slots casino girişpin up azerbaycanказино мелбет