Venture Capital and Start-Up Evolution in Australia

The Australian venture capital and start-up ecosystem has witnessed an amazing transformation. Over the past decade, it has transformed from humble beginnings into the emergence of globally significant companies, with billions being invested every year. According to KPMG Australia, US $5.84 billion was invested in Australian startups in 2022, a significant increase from earlier years of about $1.4 billion in 2018 and $600 million in 2016. Australia has a lower intensity of venture capital (as a proportion of GDP) as compared to the US, but venture-backed companies like Canva, Safety Culture, SiteMinder, Culture Amp, ROKT, Prospa, and Stackler are building real value and have created hundreds of well-paying jobs for Australians. The venture capital industry in Australia is faced with challenges such as a lack of diversity and a lack of available capital. This program focuses on understanding the prospects and challenges for venture capital and entrepreneurship in Australia. Program participants will meet with investors, business analysts, and start-ups to view firsthand the Australian venture capital ecosystem. Students will also interact with start-up accelerators and entrepreneurs to gain insights into the industry. Exposure to Australia’s culture and fun activities will also add to the students’ experiences.