{"id":47189,"date":"2023-10-20T15:52:45","date_gmt":"2023-10-20T15:52:45","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/incubator-start-ups-outgunning-co-working-counterparts-study-startupsmart\/"},"modified":"2023-10-20T15:52:45","modified_gmt":"2023-10-20T15:52:45","slug":"incubator-start-ups-outgunning-co-working-counterparts-study-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/incubator-start-ups-outgunning-co-working-counterparts-study-startupsmart\/","title":{"rendered":"Incubator start-ups outgunning co-working counterparts: Study – StartupSmart"},"content":{"rendered":"

Australian start-ups located in incubators raise an average $175,379 more in funding than those located in co-working spaces, according to new data from Perth-based research start-up Floq, published by From Little Things<\/em>.<\/p>\n

<\/span><\/p>\n

 <\/p>\n

Floq, founded by Jonah Cacioppe and Mike Kruger, is a web application that allows users to gather feedback via surveys, ratings and polls.<\/p>\n

 <\/p>\n

In May last year, Floq released the first set of findings<\/a> from its Startup Nation survey, which is ongoing. It initially attracted responses from more than 150 Australian start-ups.<\/p>\n

 <\/p>\n

New survey data, which encapsulates almost 400 start-ups, shows the ability of a start-up to raise funds can be influenced by where they work.<\/p>\n

 <\/p>\n

For example, start-ups located in an incubator raise an average of $220,008, compared with $44,811 for those in a co-working space.<\/p>\n

 <\/p>\n

But of the start-ups surveyed, 57% don\u2019t share an office space. For those that do share an office, co-working spaces appear to be the most popular.<\/p>\n

 <\/p>\n

More than 20% said they work from spaces such as Fishburners<\/a> or the York Butter Factory<\/a>, while 13% work in a shared office space.<\/p>\n

 <\/p>\n

Approximately 9% of the start-ups surveyed work out of incubators such as BlueChilli<\/a> or Ignition Labs<\/a>.<\/p>\n

 <\/p>\n

According to Floq\u2019s findings, start-ups can also increase their chances of raising investment by increasing the number of mentors, advisors or investors in their support network.<\/p>\n

 <\/p>\n

For each new mentor, advisor or investor, start-ups raise an additional $69,059, the survey shows.<\/p>\n

 <\/p>\n

\u201cThe median number of mentors, advisors and investors for a startup \u2013 those that hadn\u2019t raised money \u2014 is seven,\u201d Kruger told FLT<\/i>.<\/p>\n

 <\/p>\n

Encouragingly, more than half of the start-ups surveyed collect some revenue, although 56% of those start-ups are earning less than $100,000 a year.<\/p>\n

 <\/p>\n

In the past year, more than a quarter of start-ups made less than $5,000.<\/p>\n

 <\/p>\n

The survey shows 30% of start-ups are working on a web application, while 20% are working on a website and 19% are working on a mobile application. Only 10% of respondents said they are building \u201cstuff you can touch\u201d.<\/p>\n

 <\/p>\n

Meanwhile, more than 70% of the founders surveyed are aged over 30, while approximately 17% are female.<\/p>\n","protected":false},"excerpt":{"rendered":"

Australian start-ups located in incubators raise an average $175,379 more in funding than those located in co-working spaces, according to<\/p>\n","protected":false},"author":1,"featured_media":62812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,9,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/47189"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=47189"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/47189\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/62812"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=47189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=47189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=47189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}