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Ideas

The next phase of Australia’s tech story depends on deeper global capital

Our startups deliver unmatched results per dollar invested. But to stay ahead globally, we need deeper capital, faster infrastructure and bold ambition.

Australia’s innovation sector is poised for global growth but needs stronger financial backing to reach its potential, argues HSBC’s Alan Watters. Shutterstock.

Australia enters 2026 with a strong innovation sector that is ripe for continued growth and investment. However, the right support and momentum will be critical.

Dealroom.co ranks Australia as the global leader in the efficient creation of unicorns, generating 1.22 unicorns for every one billion dollars of venture capital invested. On a per-dollar basis, no other country comes close.

This efficiency is not a coincidence. It reflects how Australian founders operate compared with their global counterparts.

The relatively small size of the Australian market means that, to defend and grow the nation’s innovation leadership, founders and investors must think differently — and globally — from day one.

Ideas is where we publish opinion and analysis from external contributors on the most important topics in the new economy.