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2021 SA Startup Report Released

The Government of South Australia has published the 2021 SA Startup Report, offering a unique insight into the state’s entrepreneurial community and the mindset of local business founders.

Based on your responses to the 2021 SA Startup Survey, ABS data and other research, the report captures information on the diversity of business founders, funding raised, growth plans and advice for others.

Minister for Innovation and Skills David Pisoni said the South Australian Government remains determined to make the state a global leader in entrepreneurship.

“Actions and programs outlined in the Future Industries eXchange for Entrepreneurship (FIXE) Strategic Plan are now maturing, building our entrepreneurial ecosystem and supporting the creation of new businesses in South Australia,” Minister Pisoni said.

“We have continued to provide startups and entrepreneurs with the advice and tools that they need to develop their businesses and go global through targeted programs and grants.

“While I’m acutely aware that COVID-19 continues to present challenges to businesses, I am glad to see members of our startup community partner with researchers, government and larger organisations to solve real problems and leverage change as an opportunity for growth.

“I’m encouraged by the resilience and positivity of South Australia’s startup community, and I believe we have a lot to be optimistic about as we continue on the road to economic recovery.”

South Australian Chief Entrepreneur Andrew Nunn said a sincere thank you to everyone who took the time to contribute to the 2021 SA Startup Survey.

“As in business, it’s crucial to track progress so we can either reflect on our achievements or implement change when required,” Mr Nunn said.

“This year, 83 South Australian startup founders told us about their business triumphs, challenges and plans for the future.

“Promisingly, over 60 per cent of respondents feel that business conditions in South Australia have improved over the last two years, despite the challenges of the COVID-19 pandemic.

“Almost 80 per cent of respondents plan to take on more staff in the coming months, which is great news for the state’s economy, and for local innovators hoping to build careers in exciting future industries.”

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