Over 300 companies are waiting to explore the Australian market. Australia has seen a huge influx of innovative British technology companies landing on our shores since the signing in December 2021 of the forthcoming Australia-United Kingdom Free Trade Agreement (Australia-UK FTA). Attracted by the teeming tech scene in our capital cities, the migration of British tech down under has never been stronger.
Post-Brexit Britain is continuing to capitalise on the strengthened relationship it has with Australia.
Tech Nation is working with the UK Government’s Department for International Trade (DIT) on the Digital Trade Network between the two countries; an initiative that aims to assist British tech companies with access, trade and investment opportunities, and forging new international partnerships in Australia.
Having already facilitated over 25 companies with their expansion into Australia over the past 18 months, Tech Nation’s next delegation of 10 companies lands in Australia this week.
“The demand by the UK tech sector to explore opportunities in Australia is very strong. We have engaged with over 300 scale-ups who are interested in expanding Down Under, and this is on top of the 25 who we have already supported with their growth in Australia,” said Sam Evans, Director of International at Tech Nation.
“British companies are attracted by the common values, culture, and language; access to Asia; and strong Federal and State Government support for technology and innovation. This is fantastic for both the Australian and British markets.”
Tech Nation has already had notable success with several UK companies including ISMS.Online, which recently launched its Australian office in Victoria to service both the government and the private sectors, in addition to this nPlan whose AI technology forecasts project outcomes using historical data, are growing their team in Australia after recent successes.
Another success by Tech Nation has been Sensat, which launched in Sydney earlier this year. Sensat provides digital twin technology and services large infrastructure projects. Their clients in Australia now include Egis, Aurecon and, Turner and Townsend, and they work on nationally critical infrastructure across rail, road, aviation, energy and real estate.
James Fricker, Managing Director of Sensat, who has just relocated from the UK to Sydney to expand their business here said, “Sensat’s technology is nicely positioned to help organisations deliver projects, safer, faster and more cost effectively. The support from Tech Nation really gave us the confidence to progress here. Australia for us is one of the most exciting territories of development and a market that takes technology seriously”.
Louise Cantillon, APAC Deputy Trade Commissioner and British Consul General Sydney said, “We are delighted to welcome such a strong cohort of UK tech companies to Australia this week. The Australia-UK FTA has a significant focus on digital trade, financial services and the movement of people so we are excited to see even more UK tech companies prioritising the Australian market in the future”.
Tim Kay, Director of Science and Technology, UK Department for International Trade said: “The UK’s tech sector has rocketed over the last decade, producing over 120 unicorns – more than any other country in Europe. Working with Tech Nation, the Department for International Trade is delighted to see so many UK tech companies realising their potential in Australia, and we look forward to seeing more success for UK tech in this market.”
As a result of the work Tech Nation is doing, the next 10 companies will be arriving in Australia this week to explore opportunities and meet potential customers, investors, and partners. They include:
- Hammock – a property finance platform that helps landlords save time and money. They provide banking, bookkeeping, tax statement, and business intelligence services for the property sector.
- Topolytics – a data aggregation and analytics business that makes the world’s waste visible, verifiable, and valuable. Topolytics’ WasteMap is a data analytics platform that ingests, processes, and normalises data on waste movements, sites and companies and generates insights for waste producers, recyclers, investors, and governments.
- Wombat – a consumer investment platform making investing accessible and enjoyable, by building products that smash down the barriers to the stock market.
- Versed.ai – an AI that assists companies monitor, manage, and mitigate their supply chain risks with AI-powered supply chain visibility and transparency.
- Recap a solution for crypto taxes. It helps users calculate crypto taxes in a simple to use, privacy-focused app. Recap’s users can easily track all their crypto assets in one place and automatically calculate their crypto tax position.
- DDM Health – an AI-led, data-driven population health solution that empowers patients to achieve their health goals. DDM works with global partners within healthcare, insurance, and diagnostics to engage populations and improve clinical health outcomes leading to reduced costs for the healthcare system.
- Avvoka – a document automation, negotiation and analytics tool designed to help law firms, in-house legal teams and businesses draft documents, negotiate them, and leverage data insights from that process to draft better documents, and get to “yes” faster.
- IGS – Intelligent Growth Solutions – a multi-award-winning international agritech innovator delivering vertical farming solutions to customers across the world. The approach and technological design are based upon a culture of continuous innovation, a refusal to accept conventional thinking and brilliant, simple design.
- Authenticate – helps businesses to create more transparent, sustainable and resilient supply chains through collaborative supplier engagement. By leveraging the power of their software solution, they deliver innovation and value to pioneering businesses by increasing efficiencies and mitigating risk whilst striving for a sustainable world, fit for the future.
- Moneyhub – a group of developers, financial experts, and optimists who share a vision for improving the financial wellness of people, their businesses, and their communities.
Australia is becoming a truly global tech hub and the best times for Australian and global technology are yet to come.