"One-third of the Australian economy faces imminent and substantial disruption by digital technologies & business models."
Digital technology such as smartphones, internet software, sensors, robotics and autonomous cars are transforming our society and economy at unprecedented rates. Changing the fundamental nature of many industries – from the taxi and hotel industries, to health and banking.
The largest companies of the last century were industrial corporations; mass-production companies such as Ford and GE, and resource companies such as Exxon, BP and BHP. But since the 1980s technology companies such as Apple, Google, Microsoft, Uber, Airbnb and Facebook - created out of a small handful of high-tech hubs - have been vying with industrial companies to lead the pack.
Over the past decade, the early stage innovation and technology (startup) sector in WA has evolved significantly, but can be so much more with additional resources and support. StartupWA is driving to increase the visibility and support of startups across Western Australia.
A vibrant high-tech sector in Western Australia could contribute over $76 to $100 Billion in Gross State Product in 2025, with 3,000 to 5,000 new companies formed per year in the sector, creating over 150,000 new jobs by 2025 and enabling many more.
Our board has a wide range of experience in the technology industry. They have founded technology companies, accelerators, hackathons and co-working spaces, worked in venture capital and mentored a wide range of technology startups.
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