With Australian venture capitalists unwilling, or unable, to back new ventures, Aussie start-ups are increasingly heading to the departure lounge in an attempt to secure funding.
Perth Population: 1.69 million Start-up survival rate: 73.1% (2007 to 2009). While Western Australia is heavily associated with the mining industry, its state capital is playing host to an increasingly diverse start-up sector.
Tech start-ups goCatch, Filter Squad, OrionVM and StageBitz are among this year’s winners at innovation event Tech 23, which saw 23 early-stage companies vie for the chance to share in $150,000.
The latest app from Perth-based iPhone app developer Filter Squad has achieved top download status in the entertainment category of the iTunes store, despite launching just last week.