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What's the Melbourne tech scene like?

Quick Answer

Melbourne has a vibrant tech ecosystem with strong fintech and SaaS communities. It's smaller than Sydney but more collaborative, with good access to talent and growing investor interest.

Full Explanation

Melbourne's tech scene has matured significantly and offers real advantages for founders:

Strengths:

Collaborative culture: Smaller than Silicon Valley or even Sydney, which means more willingness to help each other. Competitors often grab coffee and share learnings.

Strong talent pool: Universities (Melbourne, Monash, RMIT) produce solid graduates. Growing number of experienced operators from successful startups.

Lower costs than Sydney: Office space, salaries, and general cost of living are somewhat lower while maintaining access to markets and investors.

Specialised communities: Strong fintech cluster, growing AI/ML scene, established SaaS community.

Challenges:

Smaller investor base: Less early-stage capital than Sydney, though improving. Many founders end up pitching Sydney and Singapore investors.

Timezone limitations: Challenging for US-focused products requiring real-time support.

Brain drain: Top talent sometimes relocates to larger markets.

Resources for Melbourne founders:

- Startup Victoria: Central hub for the ecosystem

  • Melbourne Angels: Angel investor network
  • York Butter Factory, Inspire9, ACMI X: Co-working spaces with startup communities
  • SBE Australia events: Regular meetups and pitch events
  • Universities: Melbourne Accelerator Program, various incubators

The Melbourne scene rewards hustle and genuine relationship building. It's small enough that being consistently helpful and visible makes a real difference.

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