While Sydney, Melbourne, and Perth have historically been lauded as the top startup cities in Australia, Adelaide is quickly closing the gap. In fact, according to the 2019 Startup Ecosystem Ranking Reports by StartupBlink, Adelaide was one of the fastest growing cities for startups, making the leap from a ranking of 227 in 2017, to 143 in 2019.
However, while Adelaide is becoming one of the best places to build a startup in Australia, most of the early-stage entrepreneurs we speak to still aren't aware of all the local tech resources that are available to help them.
With applications for the Adelaide Founder Institute now open, we're excited to release the Adelaide Startup Resource Guide, which is currently in Draft v2 below! It was developed by the Adelaide Founder Institute and local leaders Rick Carter, Russell Colbourne, Will Sami and Naiyer. F Khanom.
This is our second draft of the Founder Institute Adelaide start-ups ecosystem city map , and while we spent many hours on this research, more input is needed. Please leave your comments on this collaborative Google document to help us complete the list.
Text version included below, for ease of searching:
There is no one right way to build a technology company, but for the sake of simplicity we have outlined a basic, common, sequential framework.
1. Idea Stage
This is where new entrepreneurs get inspired, learn best practices, develop skills, validate ideas, and begin to build their team and product.
- Adelaide Startup Media: Centralized local information, listings, and news. (i.e. startup blogs/ publications/ lists/ FB groups/ newsletters)
- Adelaide Inspirational Startup Events: Open, inclusive, beginner tech events that often focus on ideation. (i.e. Startup Weekend, idea fairs, and inspirational meetups)
- Best Practices Startup Events: Beginner knowledge-sharing events. (i.e. beginner events that serve to educate more than inspire, like 1 Million Cups, Startup Grind, Startup Founder 101, etc).
- Training & Feedback: Skill & Idea development events and bootcamps for entrepreneurs. (Ex. bootcamps and comprehensive training programs, like Founder Institute, General Assembly, Lean Startup Machine, code camps, etc)
- Team Formation: Events and Resources for finding co-founders and early teams in Adelaide. (i.e. events or other resources that facilitate early-stage recruitment and cofounder matching)
- Adelaide Product Workshops: Hackathons & resources to help build your first product. (i.e. hackathons and other builder-focused events and resources)
2. Launch Stage
In this stage, entrepreneurs establish and formalize the company, develop the product, get feedback from customers, and prepare for the next step.
- Establish: Startup law firms & banks that specialize in helping new companies
- Workspace: Co-working and flexible workspaces (note: “official” office space goes in 3.1.a. Infrastructure)
- Formalize: Accounting, CPAs, development, and HR resources for early-stage startups.
- Prepare for Seed: Startup incubators and advanced mentorship. (i.e. advanced knowledge sharing, later stage events and resources for startup teams)
- Pitch & Demo Days: Showcases for Adelaide startups to present to investors (i.e. demo days for companies seeking seed investment)
3. Growth Stage
Here, a startup proves their utility, receives recognition, and scales up. This usually requires funding, angels, VCs, and ways to connect them to startups.
- Adelaide Investor Networking: Events and groups that connect professional investors (venture capitalists and angel investors) with founders.
- Major Tech Media: Mainstream business press and tech media. (i.e. major local or regional publications that frequently champion local businesses)
- Adelaide Angel Investors and Micro-VCs: A list of early and seed-stage investors
- Adelaide Venture Capitalists: Series A and beyond
- Infrastructure: Office space, HR, local business insurance. (i.e. office space/ HR/ insurance providers for capital-rich companies to grow and scale)
- Adelaide Startup Scaling: Growth accelerators and tech consultants. (i.e. programs and business consultants for capital-rich companies to grow and scale)
4. Success Stories
Successful homegrown companies that have raised significant institutional funding, employ a large workforce, or have achieved liquidity.
To facilitate the steps, every ecosystem needs strong supporters.
1. Tech Evangelists
A list of potential advisors. Successful local founders who lead the ecosystem & frequently mentor newbies. (i.e. Local leaders who have taken a leadership position, speak at a lot of startup events, mentor all the programs, etc.)
2. Startup Government Resources
Public startup programs, grants, and other services that facilitate local economic development.
Major local business or tech universities and employers that attract and retain local talent.
- Local Adelaide Universities (universities with prominent technical or business programs)
- Local Adelaide Employers (Major technical employers, like Microsoft or Google or large local companies, with large local offices)
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Learn more about the Startup Ecosystem Canvas here, and leave us your thoughts on the Adelaide Canvas on this collaborative Google document (This is just a draft, and more input is needed!)