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Startup News

All the Latest Startup News

In recent years Australia’s startup sector has transformed from a space with little activity to a thriving innovation hub. From fintech, cleantech, EV technology innovations, to startup success stories with the likes of Canva and Linktree, Australian startups are continuing to garner international attention. But with so much growth and action, it can be difficult to keep up with all the latest news and startup trends. Fortunately, at Allied Legal we do this for you.

Canva Makes Forbes’ Cloud 100 2021 List

Australian design startup Canva has been announced as the world’s third best private cloud company in the annual Forbes 2021 Cloud 100 list. Canva follows renowned fintech startup Stripe, having previously been voted number one in 2019, and software startup Databricks. The Australian startup and design platform is just one of just three Australian startups to make the list, with Melbourne startups Airwallex ranking at 58 and Culture Amp featuring in at 99. Select the link to find out more.

Global Victoria and Startupbootcamp’s New Victoria-India Smart Energy Collaboration

A partnership between Global Victoria and Startupbootcamp sprouted the Victoria-India Virtual Trade Mission event, Melbourne’s first Victoria-India Smart Energy Exchange. The inbound immersion to Victoria for Indian startups took place virtually over two days in July 2020, with an outbound immersion program to Indian for Victorian energy startups in November 2020. Startupbootcamp led virtual trade mission celebrated the mutual partnership between energy conglomerates in the Asia Pacific and Victorian led startups through a series of trade, investment and policies and regulations geared programs. To learn more about how your startup can get involved, you can follow the link.

Startup Genome’s 2020 Report Out Now

Startup Genome’s 2020 report, ranking the top startup ecosystems around the world, was indicated potential growth for Australia’s startup sector. The report analyses and compares the strength of the startup industry across 300 locations to determine who is leading the way in startup innovation. The ranking saw Silicon Valley, followed by New York and London, as the top global startup ecosystems. Australia proved itself as a world leader for innovation, with both Sydney and Melbourne placing in the top 40 startup ecosystems. Both Sydney and Melbourne ranked particularly well for ‘connectedness’ which measures the amount of community involvement and engagement with the ecosystems. With our strong talent and connectivity, we at Allied Legal anticipate that Australia’s major startup cities will evolve in the upcoming years. For our full review of the report, you can select the link.

Video Game Startups to Welcome Tax Offset

The 2021 federal budget revealed encouraging opportunities and changes for Australian video game startups. One of the measures includes a 30% digital games tax offset. The $1.2 billion boost is part of the government’s Digital Economy Strategy, aimed at stimulating Australia’s digital economy and providing employment opportunities in response to COVID-19. The announcement comes after eight years of lobbying by Interactive Games and Entertainment Association (IGEA). The offset will take effect from July 1 2022, and is set to encourage the production and development of local games for overseas export. The change will make it cheaper to set up local studios, prompting investment in Australian startups. To find out whether your startup is eligible for the tax offset, you can select the link.

Need help? Give us a call. 

At Allied Legal, we are your experts is all things ‘startup’. From consulting on the latest trends and forecasts to providing your business with legal advice. To find out more about how our startup lawyers can help you can contact us on 03 8691 3111 or send us an email at hello@alliedlegal.com.au.


Startup News

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