Supporting South Australian entrepreneurs to start and scale their businesses
South Australia’s startup ecosystem has grown significantly over the last decade, as recognised by the Startup Genome 2024 Global Startup Ecosystem Report, which ranks Adelaide as a Top 5 city within the Oceania region for overall sector performance.
Dealroom – a platform mapping the growth of startup ecosystems across the world – lists more than 780 verified South Australian startups, employing an estimated 7,400+ people.
The sectors most strongly represented by South Australian startups include:
- Cyber security
- Creative industries
- Advanced manufacturing (with applications in space and defence)
- Environment, energy and agtech.
Hundreds of South Australian startups operate from one of the state-supported innovation districts, benefitting from the expertise and patronage of neighbouring research institutions and global tech companies.
The Department of State Development (DSD) supports the establishment and growth of local startups by connecting founders with the tools, knowledge and resources required to accelerate business success.
Adelaide rises in global startup rankings
In 2024, Adelaide made its debut on the Global Startup Ecosystem Report’s Emerging Ecosystem list, showcasing smaller ecosystems with the highest potential to become global performers.
The Report – published annually by organisation Startup Genome – found that from 2023 to 2024, Adelaide’s startup ecosystem:
- jumped more than 25 spots in the overall Startup Ecosystem Rankings
- increased 19 per cent in value, reaching $1.9 billion.
Adelaide startups were shown to have raised an estimated $146 million in early-stage funding from July 2021 to December 2023. During this period there were also three large exits of over $50 million recorded.
On the back of this achievement, the South Australian Government was invited to contribute a feature on our capital city’s strengths for inclusion in the Report.
View this feature to learn more about Adelaide’s global reputation as a startup-friendly city.
Startups in South Australia
Startup supports
Seed-Start
The Seed-Start program provides financial support for early-stage, high-growth potential businesses. Eligible South Australian startups are invited to apply for funding through this competitive grant program to assist with the cost of commercialising a unique product or service.
South Australian Venture Capital Fund
Managed by Artesian Venture Partners, the $50 million South Australian Venture Capital Fund (SAVCF) was established to help dynamic and innovative early-stage companies accelerate their growth to national and global markets.
Southern Angels
Southern Angels is a group of experienced executives, investors, ex-founders and entrepreneurs interested in investing time, expertise and capital into high growth companies with the potential to make a global impact. Supported by the South Australian Government, this angel investment firm has invested $3.5 million into 18 startups since its inception in 2018.
Women in Business Fearless Innovators Grant
In partnership with the Fearless Females Network and Women in Innovation, the Women in Business Fearless Innovators Grant program helps innovative South Australian women access the capital they need to grow their business into national and global enterprises, leading to a more inclusive and diverse business community.
Other startup supports
ThincLab
Innovation and Collaboration Centre
Dealroom South Australia
Offering an open-access portal of data on a particular region’s startup and innovation ecosystem, Dealroom South Australia makes it easy for policymakers, researchers, journalists and investors to learn about the increasing level of startup and innovation activity in South Australia.
To make sure your business is visible on the platform, we encourage South Australian startups to visit Dealroom to:
- Claim and edit your business profile
- Learn about investors and local investment opportunities
- Find relevant startup programs, resources, and support
- Access data on South Australia’s growing startup and innovation ecosystem, including the number of startup businesses operating and jobs created.
Its free to register a profile with Dealroom. Use the guide below to get started, and to learn how to create or claim a startup listing.
Lot Fourteen Startup Hub
At the heart of Adelaide’s innovation district Lot Fourteen is the Startup Hub. Supported by the Department of State Development and operated by national incubator Stone & Chalk, this co-working space is designed to give local startups the best foundations for success.
There are almost 60 startup businesses currently based at the Startup Hub, benefitting from regular events, workshops and other networking opportunities – as well as the partnerships forged with neighbouring universities and global companies.
The community is dominated by tech-savvy founders, including current and future business leaders in the fields of fintech, health tech, space, cyber, agtech, AI, IoT, data analytics and software.