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Posted at: Jan 9, 2019, 7:51 AM; last updated: Jan 9, 2019, 7:51 AM (IST)EMERGING DESTINATIONS @ WORK

Dock your dreams in Melbourne

A guide for start-up job seekers & entrepreneurs
Dock your dreams in Melbourne

The high quality of living and its steady economy is attracting start-up job seekers and start-ups to move to Melbourne.  Australia’s start-up scene has been touted to have all the potential to contribute revenues that is close to 5 per cent of its GDP. 

The capital of the ‘start-up state’ of Victoria, Melbourne, is a boiling pot of tech professionals from diverse tech niches. The growing prowess of the tech sector and international recognition of the local startups is making entrepreneurs from around the world move to Melbourne for finding the right launch pad.

The city has a young population of 4.7 million people that comprises people from various countries. Australia’s people friendly government policies and high quality of living are the other have attracted thousands from around the world to move to Melbourne and the other Australian cities in pursuit of the startup jobs in the city.

Australia is seeing a rapid growth of start-up hubs like Melbourne. The start-up community in Melbourne is one of the healthy sources of support for start-up job seekers moving there.

The overall cost of living in Melbourne is way lower than that in other start-up hubs like London or New York. Renting a furnished accommodation area can cost anywhere from $1800 to $2600 depending on the location and is almost 70 per cent lower than what one may have to pay in London for a month. Transportation, too, is not expensive.

Growing tech sector: Most of the start-ups and start-up job seekers moving to Melbourne come here for its booming tech sector. Here are some of the crucial sub-sectors that are worth moving to Melbourne for.  

Biotech and life sciences segment: There are close to 180 bio tech start-ups in Melbourne, and a majority of the publicly listed life sciences companies of Australia are from this city. The growth of this sub-sector is fuelled by the presence of one of the top 10 educational institutions in the world for medicine and health — the University of Melbourne.

Health segment: Melbourne has been touted as the ultimate sports city for the past decade owing to the high interest of its communities in sports activities. Close to 6 per cent of all the start-ups in the ecosystem are sports tech-based ones with a significant chunk of them dealing with sports-related health issues.

Moving to Melbourne can especially be rewarding for start-up job seekers in the health sector as the segment single-handedly creates a quarter of the jobs in the ecosystem. The contribution to a sustainable jobs market in the region is also attributed to the top-notch clinical medicine and pharmacy educational institution — Monash University. 

Adtech sub-sector: The adtech sub-sector in Melbourne is a relatively new one, but is as fierce as its other tech-based counterparts. There were close to 25 adtech start-ups in Melbourne as of 2017, which have attracted investments that are worth millions of dollars. 

Government support 

Start-up job seekers intending to migrate to Melbourne can move to the city with the help of the skilled migration visas. There are different types of skilled migration visas, and the best one for you will depends on your qualification and skill set. 

Investors and entrepreneurs wanting to move to Melbourne can move to the city  as a part for any of the following streams under the Business Innovation and Investment Visa:

  • Business Innovation Stream
  • Investor Stream
  • Significant Investor Stream
  • Entrepreneur Visa
Top sites for finding start-up jobs in Melbourne

  • Startup List
  • Beta List
  • Angel List
— Yostartups, a global pre-accelerator for startups & entrepreneurs. 

twitter @yostartups


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