AUSTIN, TX LAND IN THE UNITED STATES

AUSTIN, TEXAS ACCELERATORS + INCUBATORS Austin is the state capital of Texas, a city known for its tech industry According to 2017 Kauffman Index, the Austin-Round Rock metro area and eclectic arts scene. Businesses and workers are attracted by the ranked second in the US for Growth Entrepreneurship (a measure of region’s entrepreneurial pro-business culture and relaxed lifestyle. scalability) and second for Startup Activity. ›› Capital Factory coworking space, over 150 mentors and investors 42% 2.1M $51,600 ›› Techstars global accelerator network, over 200 mentors in Austin of people aged 25+ ›› Thinktiv selective program, vertically integrated 2017 POPULATION PER CAPITA INCOME HAVE COMPLETED A 23% growth since 2010 per anum in 2016, USD BACHELOR’S DEGREE ›› TechRanch Austin partnership with New Venture Institute, Adelaide ›› SKU consumer product accelerator with 80 mentors Key industries ›› Advanced manufacturing ›› Creative & digital media tech INVESTOR LANDSCAPE ›› Software ›› Clean energy ›› Data management ›› Life sciences Austin is the 10th largest venture ecosystem in the US. Dell, National Instruments, Silicon Labs, Indeed and HomeAway are VC funds invested # VC rounds Exit value Rank Metro region since 2010, USD since 2010 since 2010, USD among Austin’s most successful homegrown companies. Other major tech companies with regional headquarters or R&D facilities include 1 SAN FRANCISCO $165 billion 13,102 $123 billion IBM, 3M, AMD, Samsung, Apple, Google and Facebook. Australians living in Austin can seek business assistance from the 10 AUSTIN $9.0 billion 1,826 $5.5 billion Australian Consulate-General Houston and Australian American Chamber of Commerce in Houston. For social connections, the VC DEAL STAGE INVESTOR LOCATION Aussie Aussie Austin Meetup group has over 400 members. Austin company deals since 2010 Austin company deals since 2010 Incubator, Pre /… 635 ECONOMIC DEVELOPMENT CENTRES Accelerator Texas based investors AngelAngel, / SeedSeed ›› Austin Chamber of Commerce leads a job creation strategy 900 282 (14%) through recruitment and expansion in the five county metro area Early Stage Stage 600 Non-Texas ›› City of Austin Government assistance to small business owners based investors LateLate StageStage 381 ›› Downtown Austin Alliance a community non-profit 1,672 (86%) ›› Texas Economic Development Corporation an independently Top local investors operated non-profit responsible for promoting business in Texas ›› LiveOak Venture Partners seed to early stage; technology sectors TAXES + INCENTIVES ›› Next Coast Ventures disruptive technology ›› Silverton Partners seed to early stage; technology sectors › early, expansion and growth stage; IT, medical devices 0% 0% › S3 Ventures ›› Austin Ventures early to middle stage; industrial services, energy INDIVIDUAL CORPORATE 8.25% 1.9% AVERAGE tech, media, software, communications INCOME TAX INCOME TAX SALES TAX PROPERTY TAX Top incentive programs UNIVERSITY ENTREPRENEUR PROGRAMS ›› Texas Enterprise Zone Program tax refunds based on capital ›› Texas Venture Labs (McCombs School of Business) UT Austin investment and job creation at qualified sites campus-wide initiative to assist startups taking ideas to market ›› Tax Exemptions and Credits offered for R&D activities, relocation ›› Austin Technology Incubator (IC2 Institute) UT Austin’s startup expenses, manufacturing equipment investment and more incubator; open to companies with no affiliation to the university

References: Census Bureau (2010), Bureau of Economic Analysis, American Community Survey (2012-16), Austin Chamber of Commerce, PitchBook Data Inc. (2018), Kauffman Index (2017). Notes: PitchBook venture ecosystem analysis conducted for the period January 2010 - July 2018. Top investors and incubators selected based upon recent activity. Disclaimer: This flyer has been prepared by the Commonwealth of Australia represented by the Australian Trade and Investment Commission. While care has been taken to ensure the information in this report is accurate, the Commonwealth does not accept any liability for any loss arising from reliance on the information, or from any error or omission, in the flyer.

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