Startups in the wide-ranging Australian healthtech sector have raised more than a combined $165 million in funding, while biotech sits at $87.8 million.
Between bone repair glue and gene splicing, there is a diverse range of startups working to improve our health or innovate the way the sector operates.
Despite the fact they predominantly serve customers across regional areas, agtech businesses are earning a name for themselves in the wider startup space.
AgTech has been flagged as having the potential to grow into a $100 billion industry by 2030, but current diversity stats in the sector must be addressed.
Leading investment totals for IoT agtechs is The Yield, which applies its flagship ‘Sensing+’ technology to detect the microclimate of an ecosystem
Sitting behind fintech startups, the expected champion in NSW amongst all the industry segments, are health and biotechs.
A notable trend in the Australian EduTech space right now is an acute awareness around the need to proactively support particular niche groups.
Education has always been a strong contributor to the bottom line of the Australian economy as well as one of this countries greatest exports.
This year, we aimed to refresh — and enhance — our in-depth snapshot of founders and startups across the entire tech ecosystem. We asked several of the same questions to track shifting sentiment and trends across years, but also delved into new areas such as how founders pick their lead investor and the perspectives they have on diversity and inclusion.
With the release of the 2016 Crossroads report it is evident that many of the challenges facing the Australian tech and startup community in early 2015 persist and, as global competition in the space heats up, they are becoming more pronounced.