On Thursday 13 December we held our first ever Techboard Roundtable, an event aimed at getting the conversation around the future of funding for Western Australian Startups and Tech Companies into the public arena and highlighting Techboard's Funding Data. We had an awesome panel of ten experts representing the different funding types and a great audience an exceptional facilitator in Stephen Carroll from our partners RSM. Our friend Jurgen van Pletsen of Niche Interview recorded the entire session for posterity.
EVENT COMPLETED - SEE VIDEO OF EVENT
We are very pleased to be introducing the inaugural Techboard Roundtable in which our experts will be discussing the future of funding for Western Australian Startups. The concept of the roundtable is effectively closing the loop on the panel session... joining the ends together ... with the conversation driven by our experts around the table. We are hoping this will be the first of many, with our second one in planning for Sydney in Q1 2019.
We are very pleased to release our Funding Report for the September quarter of 2018 revealing $1.085b of funding for Australian startups and young tech companies.
The last month has seen the release of two major reports by Startup Muster and LaunchVic which both provide useful insights into the Australia and Victorian Startup Ecosystems both of which were survey-based. Techboard’s approach differs from both in that rather than just using survey-based methodologies we actively monitor press coverage and announcements from the over 2500 companies in the Techboard Directory, as well as funding events we identify from companies not yet in the Directory. We also supplement this with data that is reported to us by companies, investors and others. We just report on funding events we uncover.
Techboard, Australia’s Startup and Tech Data company has just published its latest Australian Startup and Young Tech Company Funding Report for the 2017/18 financial year. The report revealed that over the course of the financial year $3.5B of funding flowed to Australian Startup and Young Tech Companies (up to 10 years old). Fintech Companies featured very prominently in the report, accounting for $988m of funding events over the financial year making Fintech the most funded category of company overall.
Late last week the inaugural National Australian Angel Awards 2018 were announced at the 2018 Angels of Australia Conference, recognising those active in the angel investment community. The awards formed part of the Angels of Australia conference, are a joint initiative between Techboard based in Western Australia and Angels of Australia based in Queensland and are part of Techboard's ongoing collaboration with Australian Investors and Investment Groups.
Techboard is pleased to present its first Annual Funding Report, the most comprehensive annual funding report covering the Australian Startup and Young Tech Ecosystem ever produced. In this report we reveal that Australian startups and young tech companies secured over $3.5billion dollars of funding during the 2017/2018 financial year.
Startup and Tech Company data is at the very core of what Techboard is. Central to Techboard's data collection and monitoring efforts is the Techboard Directory. Once we have added a company to the directory we start tracking traction and growth metrics on the company, such as funding events as will be featured in our upcoming Annual Funding Report out soon. Since the beginning of 2017 we have been working hard to grow the directory from a Western Australian focused directory to a truly national directory of Australian startups and young tech companies.
We are excited to release our first ever national startup and tech map. While we have previously published maps of the Western Australian landscape, this is our first national attempt. We believe it is one of the most ambitious visual mapping exercises conducted of the Australian startup space to date, and so we’re naturally excited about it. It is not perfect. There are noteworthy companies not included in the map, and (hopefully not too many) embarrassing omissions.
The 2017/18 financial year is drawing to a close and the Techboard team is working towards its first Annual Funding Report covering funding events by Australian startups and young tech companies confirmed during the 2017/18 financial year. This will be the most comprehensive annual funding report covering the Australian Startup and Tech Ecosystem ever. We want to make sure we cover as many funding events as possible so we are calling on the support and assistance from companies, advisors, investors/funders and others to help supplement our dataset.