While start-ups across the Asia-Pacific region are bracing for a continued wave of economic and geopolitical uncertainty, KPMG and HSBC say the Aussie sector will keep growing.
KPMG head of high-growth ventures Amanda Price: “The pandemic sparked growth in digital start-ups which hasn’t stopped.”D, but hasn’t been as good at commercialisation – that’s changing,” Amanda Price, head of high-growth ventures at KPMG Australia, said in a new report called“We’re not just seeing more start-ups and more investments, we’re also seeing corporations starting to understand that start-ups are a real thing.
remain the largest recipients of venture funding – accounting for around a quarter – with health-tech, ed-tech, e-commerce and mining technology scooping up funding too.in December last year, is the most likely to become a “giant”, according to authors at KPMG and HSBC. More broadly, the commercialisation of blockchain-related start-ups meant that NFTs, or non-fungible tokens, and DeFi, or decentralised finance, accounted for 25 per cent of emerging companies across all 12 markets analysed in the report.present among the top 20 sub-sectors, reflecting the current focus across the region on digital assets, the metaverse and web3,” reads the report.
Aside from Pentana, each of these businesses raised significant venture capital during 2021, making use of the international interest in the Australian market.
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