New South Wales: Driving Australia’s ICT and digital industries
The State of New South Wales (NSW) is Australia’s economic powerhouse.
With a population of more than 7.5 million people, and a $500 billion economy, NSW is home to the Australian headquarters of more multi-national companies than any other State.
It’s estimated that information, media and telecommunications industry contributes $18.6 billion to the NSW economy. NSW is also the base for Australia’s ICT services exports. According to the Australian Bureau of Statistics, in 2014-15, NSW exports of telecommunications, computer and information services were worth $1.277 billion, representing about 48 per cent of the national total.
Sydney – as Australia’s biggest population centre – is the ICT investment destination of choice in Australia.
- Uniquely located, with Sydney’s time zone bridging markets closing in the US and opening in the UK and Europe
- Ideally situated to service fast growing Asian markets
- Home to nine landings of international high-capacity optic cables linking Sydney with US, Europe and Asia.
- Home to a large source of skilled labour, with over 13,000 students studying information technology courses at 11 NSW universities
NSW is where innovation starts.
Research and collaboration are essential ingredients in a strong ICT ecosystem. NSW offers extensive networks in these areas to new or established ICT businesses.
For instance, Australia’s largest ICT research organisation, National ICT Australia (NICTA), is headquartered in Sydney with more than 600 researchers and PhD students across the nation. One of the top ICT research centres in the world, NICTA focuses on wealth creation opportunities by partnering with industry.
Some eleven universities producing ICT graduates are based in NSW and the State leads all other Australian states and territories with ICT research capabilities. This means businesses can access top talent and unique collaboration opportunities.
NSW is where ICT companies grow
Almost two thirds of Australian technology startups call the State’s capital Sydney home, and Sydney is the epicentre for startup activity.
In October 2015, the inaugural StartupWeek Sydney took place and included 63 events with over 8,000 people across 39 venues in Sydney. One of the many aims of the week was to promote and advocate for the importance of the digital economy in creating jobs, boosting productivity, and strengthening the economy. It received financial and in-kind support from the NSW Department of Industry through the Knowledge Hubs initiative.
Australia ranks third on the Global Entrepreneurship and Development Index, which measures the quality and scale of the entrepreneurial process across 130 countries.
NSW is where technology companies thrive
It’s not just startups that are taking advantage of NSW’s ICT advantages. Sydney’s iconic Martin Place district in the centre of the city is becoming the blue ribbon ICT company destination of choice in Australia. Household names such as LinkedIn, Dropbox, Booking.com and Apple have recently taken, or are set to take up residence in the traditional financial heart of Sydney’s central business district.
NSW is Australia’s information and communications technology (ICT) hub. The State was home to about 25,500 businesses operating in ICT industries in June 2014, representing 39 per cent of the Australian total.
NSW also continues to be the largest employer in Australia of people in ICT related occupations, with an average of 179,000 people or 36 per cent of the national total in 2014-15.
How the NSW Government can help you
The NSW Government is keen to help businesses grow in, and move to, NSW. It can:
- Connect you to local partners, industry specialists, networks and funding bodies, provide referrals and introductions to enable a more effective and efficient pathway to the NSW ICT/ Digital sector.
- Connect you to information on: site selection, tailored research, assistance programs, how to do business in NSW, data on the NSW economy, and the potential customer base to inform your business decision.
- Help you make contact with key government agencies
- Connect you to NSW Government international offices in priority markets along with regional offices across NSW and Sydney-based ICT industry experts.