A startup is a company or partnership that has been newly formed with the intent of scalable business model. Startups often launch with relatively few finances with the intention of securing seed funding or venture capital. Their resurgence in recent years has engendered an increasing number of incubators and collaborative workspaces, and thus the number of these types of workspaces and the number of startups in a city is usually positively correlated. The majority of startups work within the technology and IT industries, and are becoming an increasingly important indicator of the innovation, attractiveness, and financial sustainability of a city.
This FACT indicates the number of startups in each Australian capital city per 100,000 persons. Data for Canberra, Darwin, and Hobart could not be obtained, but numbers are likely to closely reflect the regional numbers.