The technology sector in Sydney and NSW
Base your tech operations in Sydney and New South Wales. From here, you can partner with local and global businesses and get direct access to innovative research and facilities. You will also be well-placed to expand into the Asia-Pacific.
New Sydney Innovation and Technology Precinct
We’ve also joined forces with industry and the community to plan a major new innovation and technology precinct in central Sydney. The precinct, to stretch across inner Sydney, will:
- create new jobs
- turbocharge the economy
- cement Sydney as the innovation capital of Australia
- ensure our position as a world player in technology.
We chose the area because it’s already home to Australia’s largest cluster of startup companies, tertiary education and health institutions, and has established transport links.
Download the Sydney Innovation and Technology Precinct investment brochure to learn more about what this development has to offer innovators and investors.
Sydney, a networked centre for innovative tech
You’ll also have access to the best of the country’s tech-minded talent filtering from Sydney’s world-leading educational institutions. The University of Sydney and University of New South Wales both rank in the top 100 universities in the world in the 2018 Times Higher Education index.
Sydney is a known tech startup city with centres, spaces, programs and incubators designed to help entrepreneurs access the support and investment they need to succeed.
In fact, our city ranked 4th in the top 10 world startup ecosystems. We’re world-recognised for helping startups succeed and supporting local connectedness.
Be a part of a buzzing local scene developing cutting-edge technologies in fields such as:
Quickfacts: the state of the NSW technology industry
- Sydney is ranked 17th out of 25 cities in A.T. Kearney’s Global Cities Report 2017
- NSW is #1 in Australia for R&D spending and is home to 37% of the MedTech companies in Australia
- The NSW Medical Device Commercialisation Training Program delivered by Cicada Innovations aims to help commercialise novel medical device innovators and includes 70 companies in its portfolio
- Approximately 60% of Australia’s FinTech companies are based in Sydney and the city has received the dominant share of FinTech venture capital in the country at A$171 million (between 2014 and 2016)
Helping NSW’s technology sector succeed
Our technology sector is thriving and expanding, and the NSW Government is committed to maintaining this momentum over the long-term. We’ll do this by forming strong partnerships with other governments, industry and our urban and regional community.
To start, we’ve established vertical incubators and networks in NSW to link to regional startups and fast-growing urban SMEs. These include:
- Boosting Business Innovation program — a program accelerating innovation in NSW by supporting greater collaboration between our universities, the CSIRO, startups, and small to medium-sized enterprises (SMEs)
- Industry and government partnerships such as Cicada (science-based innovation, GATE (Global AgTech Ecosystem) and Eighteen04 (clean tech)
- Innovation Central Sydney — a collaborative community developing solutions for cloud, analytics and Internet of Things (IoT) network platforms around smart cities, agri-business and research
- NSW Smart Innovation Centre — a hub for emerging transport technology including driverless vehicles, driverless vessels and drones
- Haymarket HQ startup hub — supporting entrepreneurs to connect to Asia.
Tech jobs and investment
The NSW Government has allocated substantial funding to ensure jobs and investment in tech and innovation. Programs and ventures include:
- Jobs for NSW $190m fund — designed to meet the diverse needs of businesses at different stages of growth from startup, scale-up through to multinationals looking to invest in NSW.
- A $25m investment in the Sydney School of Entrepreneurship — connecting students with industry experts, policymakers, academics, entrepreneurs and advisors in an experiential learning environment NSW Government Smart and Skilled program.
- Fee-free apprenticeships — fully covering the cost of 100,000 apprenticeships in NSW
- The $18m Boosting Business Innovation program — a program accelerating innovation in NSW
- A $35m investment in the Sydney Startup Hub — a globally-significant innovation centre that cements the city's role as Australia's startup capital. The hub is the largest in the southern hemisphere, with 17,000sqm of space and capacity to accommodate up to 2,500 people over 11 floors.
Other Sydney accelerators and incubators driving the future of tech, innovation and industry in NSW include:
- Tank Stream Labs
- Stone & Chalk
- The Studio
- The Founder Institute
- Future Transport Digital Accelerator
Discover more startups and SMEs' funding and support available in NSW through Jobs for NSW
Current technology investment opportunities
Some of your current opportunities to invest in the technology sector in Sydney include:
- Get on board with Microsoft and MasterCard. These companies recently opened accelerators in Sydney and are looking to partner with organisations relevant to their business streams, including e-commerce.
- Join the Macquarie Park Innovation District. If you specialise in the communications, medical research, pharmaceutical and IT&T sectors, make your way to this 850,000 sqm commercial space. The district is home to Macquarie University (and its hospital and incubator), as well as more than 180 large international companies and 200 SME’s.
- Get involved in BT’s global cybersecurity operations. Expansion of BT’s existing Security Operation Centre (SOC) into Sydney will create up to 172 new highly-skilled jobs over five years. BT’s first cybersecurity R&D facility outside of the United Kingdom will employ highly-qualified specialists in the field.