🚀 The 2024 Startup Muster Report is out, providing an insightful snapshot into the lives of Aussie founders and the broader startup ecosystem. We're thrilled to see our portfolio members Olympia Yarger of GOTERRA and Camille Goldstone-Henry of Xylo Systems gain well-deserved recognition for their exceptional contributions.
Challenges: Founders face ongoing and new challenges like customer acquisition, marketing, and understanding VC expectations amid tough economic conditions. Many are gearing up to hire for these roles soon. Funding remains tough with high interest rates and low VC investment, while R&D tax incentives and grants are crucial but complicated.
Good news: Deep tech is on the rise, with 22% of respondents identifying as such. Speaking to impact, deep tech startups are focusing on climate and biodiversity, buoyed by renewed focus on ESG regulations and stakeholder interest.
Overall, the latest Startup Muster report reflects the challenges of this year, but also underscores the resilience and adaptability looking ahead, the report outlines the resilience of founders. ✨
If you’re looking for help to build your startup, whether that be capital raising, grants and R&D, getting your ESG house in order or more, reach out to us today via the link in the comments.
Find the full report at the link below – kudos to Murray Hurps & the Startup Muster team. 👏
https://lnkd.in/gxQYuhSi
#Startups #DeepTech #Innovation