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Deloitte's Report Webinar: Productivity is not an Accident
LaunchVic Webinar originally presented 2 June 2020
Deloitte Access Economics
The economics and impact of Victoria’s startup ecosystem
Commissioned by LaunchVic, Victoria’s startup agency, ‘Productivity is not an accident – The economics and impact of Victoria’s startup ecosystem’ found that Victoria’s early-stage startup sector revenue was $4.6 billion in 2019, representing almost 19,000 jobs.
Exploring two distinct but plausible future growth paths, Deloitte Access Economics modelled the potential economic impact of increasing startup density from 330 per million people to 750 per million people, on Gross State Product (GSP) and employment over 20 years to 2038.
The report found that Victorian startup ecosystem has the potential to support, on average, an additional 15,000 jobs each year to the broader Victorian economy over the next 20 years.