Growing and Thriving: Top Melbourne Startups to Watch

Melbourne is proving to be more than just a liveable city. It is also an excellent incubator of businesses that thrives.

Melbourne nurtures not only people but also businesses. The city is on the top 40 list of global ecosystems according to the Startup Genome Ecosystem Index 2020.

What are the growing businesses in the city that make it an ideal place for new ventures?

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List of Top Startups in Melbourne

There are more than 200 startups in Melbourne, and they account for roughly $2 billion worth of capital funding.

Here are a few of the most successful startups in the city:

It is a challenger bank that supports SMEs, providing funding and a range of other services to consumers.

It is an innovative startup that connects graphic designers to clients for easy design requests and transactions.

The company connects social media influencers and creators through a platform that initiates collaboration.

Intended for writers, Tablo is a self-publishing platform that helps authors produce books, either electronic or paperback.

The financial app allows consumers to purchase items online and pay them in instalments later.

The platform contains millions of creative digital assets and is emerging as a leading resource and avenue for creative needs.

A startup continuously accelerating its growth and leading online retail in Australia, connecting brands with consumers

5 Business Moves of a Successful Startup

There might be no exact formula as to how an idea turns into a successful business venture. However, every innovator has five key steps that contributed to the success of their startups.

1. Source financial capital - The truth of the matter is that funding is required to incubate a business idea. Startup founders go out of their way in finding investors and sourcing ample capital to launch their startups.
2. Accept criticism and brave rejection – For ideas that need sharpening, innovators need to stay grounded. Propelling a startup to success means facing defeat and learning from it.
3. Power through triumphs and challenges - Any business goes through a series of wins and losses. It’s not about counting the positives and negatives but about staying true to the goals and preparing for the future.
4. Employ wise hiring practices – Successful startups rely on people. Founders who are savvy about hiring choices always get the people who are fit for the business.
5. Master the basics before scaling - It’s easy to get excited about growth. However, continuity requires a robust foundation and ensures that the company is ready to scale before making big decisions.

Invest in Your Idea

Ask any founder as to their beginnings, and the answer is the same—an idea. Ideas grow, and with the right nurturing, they can thrive and create an impact.

Laneways Software & Digital helps innovators grow their ideas by creating custom software that allows the realisation of their goals. Contact us for your software development needs.

We build custom software with modern solutions in mind for any business and sizes!