Information on startups and employee share schemes

11 July 2016

StartupAUS in its Cross Roads report defines a tech startup (or startup for short) as an emerging high-growth company that is using technology and innovation to tackle a large and most often global market.

Startups are much more than small businesses and SMEs. Startups have a significant role in the Australian economy as they lift productivity, competition, economic growth, and employment through the creation of, and access to, new markets and the invigoration of established markets.

Startups could potentially contribute $109 billion and 540,000 jobs to the Australian economy by 2033. There are 1,500 start-ups in Australia with the key hubs in Sydney and Melbourne. For more information on startups and Employee Share Schemes (ESS), visit Employee Ownership Australia and New Zealand’s website.