New action plan makes Melbourne the place to be for start-up companies
Melbourne is now recognised as the co-working capital of Australia and a proposed new start-up action plan, released by the City of Melbourne in June, is set to benefit the start-up sector.
Lord Mayor Robert Doyle AC says the City of Melbourne is concentrating on the start-up sector because it means more jobs, innovation and productivity.
“Our vision is for Melbourne to be recognised as the number one destination for start-ups and entrepreneurs to ‘start, grow and go global’, across Australia and Asia,” says the Lord Mayor.
“New figures show that Melbourne’s CBD is now the co-working capital of Australia, with more co-working office space than Sydney. Demand for flexible co-working office space is being driven by the start-up sector, which is helping drive job growth.
“Melbourne is also the top ranked ‘tech city’ in Australia and 14th in the world, according to real estate service provider Savills. Knowledge-based jobs, of which start-ups are a key contributor, have grown by 25 percent or 60,000 jobs across Melbourne in the past decade. Start-ups aren’t just about technology. They’re small businesses from all sectors that have an innovative and entrepreneurial mindset and grow quickly.”
The Start-up Action Plan 2017-2021 was created with the input of more than 400 start-ups and other stakeholders, and sets out how the City of Melbourne will help start-ups create and expand their businesses. The plane is in partnership with the start-up community, LaunchVic, the Victorian State Government, Melbourne academic institutions, the private sector and others.
Councillor Susan Riley, chair of the Small Business, Retail and Hospitality portfolio, says the City of Melbourne has a long history of supporting small businesses.
“We currently deliver or support more than 50 services that can help Melbourne start-ups. As the world’s most liveable city, and with a collaborative and socially responsible small business culture, Melbourne is an ideal place to start an entrepreneurial business,” Riley says.
Key actions of the plan include:
- Working with start-ups to connect them with industry so they can commercialise intellectual property;
- Using international connections to help start-ups go global;
- Working with State Government and developers around affordable spaces for start-ups;
- Continuing to fund start-ups through the City of Melbourne’s small business grants;
- Linking start-ups to training and mentoring programs, some of which are provided by the City of Melbourne;
- Continuing to convene an annual program of events and learning − including Melbourne Knowledge Week and Melbourne Conversations − to connect start-ups with one another and the community; and
- Making it easier for the City of Melbourne to engage start-ups as suppliers via procurement innovation that minimises red tape, along with advocating for other organisations to do the same.
The proposed plan is available at melbourne.vic.gov.
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