Melbourne has been crowned Australia’s ‘tech capital’ because of a new plan to focus on start-ups that create more ‘jobs, innovation and productivity’ in the city.
Almost 400 companies consulted on a startup action plan with the City of Melbourne to show how small businesses can successfully navigate their local region before launching globally.
Startups are one of the largest contributors to job creation in Australia – between 2004 and 2011 they created more than 1.2 million new jobs, and contributed $164 billion (£129b) to the Australian economy.
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