In an interview with Australia online news site, StartupSmart, Blue Chilli co-founder and chief executive Sebastien Eckersley-Maslin said that a major revision of the company’s start-up map, first released in December 2011, was needed to reflect the scene’s significant growth.
The map is divided into three zones and growth stages and can be found through this web link: http://www.bluechilli.com/startup-growth/sydney-startups/#startrail
Zone One is education and includes groups such as General Assembly, Founders Institute of Sydney and universities. Zone 2 is incubation and accelerator programmes such as those provided by Blue Chilli ad ATP Innovations. Zone 3 is the growth section that includes investors such as Right Click Capital and One Ventures.
He says the density between the first and second map has increased threefold in just two years and is not exhaustive.
Eckersley-Maslin said that there is a significant increase in activity in the very early, pre-venture capital seed stage of investment.
“There are a lot more co-working spaces, incubators and investors supporting start-ups at the critical, high risk time.”