Start-up Genome report anoints China as start-up capital

According to Start-up Genome report 2018, China has surpassed the United States as a source of patent applications, and is rapidly catching up on the number of companies it has produced with a “unicorn” valuation above $US1 billion. The report found China had become the biggest driver of the global start-up revolution, which saw global venture capital investments in start-ups hit a decade high in 2017, with more than $182 billion invested. In 2014, only 14 per cent of unicorn companies with a valuation exceeding $US1 billion were from China. In 2017 and 2018 so far, that number had grown to 35 per cent, the report found. Meanwhile the US’s share of unicorns had gone down from 61 per cent to 41 per cent.

The report also lauded Australia as an “ecosystem to watch” within a number of vertical areas such as financial technology (Sydney), health and life sciences (Melbourne), as well as advertising technology (both Sydney and Melbourne).

Read more

You can leave a response, or trackback from your own site.

Leave a Reply