Early-stage entrepreneurs needed funding process and options clearly communicated to them and help them obtain funds and deal with financial stress. However, Melbourne as a startup hub is not showcased on an international level.
Victoria has a strong track record of proven success when it comes to transforming startups into high growth firms.
Already, six ‘unicorns’ have emerged (REA Group, Carsales.com, SEEK, MYOB, Envato and Aconex) each valued at more than $1 billion – more than any other state in Australia.