Australia Startup Report 2026

Australia is no longer just an emerging ecosystem, and it punches well above its weight on venture outcomes. Australia is now one of the fastest-growing and highest-performing venture markets in the world.

Key findings

• Australia's VC-backed ecosystem value has grown 13.7x since 2016, faster than any other major global hub.
• Australian tech companies are worth $352B in combined enterprise value.
• Australia has produced 0.16 decacorns per $1B of venture capital invested, the highest rate of any global hub.
• Australian VC has returned 24.4% over five years on a pooled basis, close to double the US figure.
• Tech contributes 8.9% of Australian GDP and is growing 50% faster than the wider economy, making it the second-largest sector after mining.