The Sydney Startup Hub
The Sydney Startup Hub is a globally significant innovation centre
that cements the city's role as Australia's startup capital.
It’s the first of its kind in Australia and is unmatched
in the southern hemisphere in terms of its size and density.
It offers more than 17,000 sqm across 11 floors, all under one roof
in a convenient CBD location.
At a glance
The Sydney Startup Hub is a bold, ambitious move by government to spark innovation, strengthen the startup community and grow a pipeline of future
job-creating businesses across NSW.
We have three main objectives
- support the creation of new jobs across NSW
- increase the diversity of the NSW startup community with more startups from regional NSW and non-ICT Industries
- grow the size and strength of the Sydney startup ecosystem
We know that clustering and density drives innovation. The Sydney Startup Hub brings a diversity of organisations and talent together in a single location. The high-density concentration helps spark innovation, ignite collaboration and provide easier and superior access to networks, skills, funding and leadership.
Between 2008 to 2014, over one million new jobs came from just six per cent of businesses: new or growing small to medium enterprises (SMEs). This underpins the call to action for Government to invest in and strengthen the startup and the SME community that are the powerhouse of job creation. (Source: Jobs for the Future Report)
The Sydney Startup Hub is operated by Jobs for NSW.
Sydney Startup Hub fact sheet
Where is the Sydney Startup Hub?
The Sydney Startup Hub is located at 11-31 York Street, Sydney (opposite Wynyard Park).
What are the opening hours?
The Sydney Startup Hub will be open from 8.00am to 6.00pm, Monday to Friday.
Note: it will be closed on public holidays.
Extended opening hours may apply for evening or weekend events.
How do I apply to be in the Sydney Startup Hub?
When was the Sydney Startup Hub founded?
The project was announced in July 2017, operations began in late 2017, and it became fully operational in early 2018.
Who operates the Sydney Startup Hub?
The Sydney Startup Hub is a NSW Government initiative led by Jobs for NSW.
Who can use the meeting rooms located on level one?
Meeting rooms are only available to residents of the Sydney Startup Hub with a maximum of 90 minutes usage at one time. Meeting rooms must be booked in advance.
There are also chat rooms available on level one for non-residents, however these are only for short term use (30 minutes or less) and cannot be booked in advance.
Why is the NSW Government involved in creating a startup hub?
In the six years to 2014, 100 per cent of all net jobs growth in NSW came from small to medium-sized enterprises (SMEs)*.
This underpins the need for government to invest in strengthening the startup and SME community, as they are the powerhouse of job creation.
The NSW Government is dedicated to making it easier to do business in NSW and providing an economy that ensures the highest business confidence when compared with any other state in the country.
The NSW Government is working hard to secure Sydney as a national innovation district, strengthening Sydney’s place in the global innovation network and encouraging entrepreneurs to start their businesses. It has been listening to industry and the startup ecosystem and has designed the hub to provide startups with access to networks, skills, funding and leadership from one central, high-density startup cluster.
*Source: Jobs for the Future Report.
What are the objectives of the Sydney Startup Hub?
We have three main objectives:
- support the creation of new jobs across NSW
- increase the diversity of the NSW startup community with more startups from regional NSW and non-ICT industries
- grow the size and strength of the Sydney startup ecosystem.
What other support does Jobs for NSW provide startups and rapidly scaling businesses?
Jobs for NSW provides financial support — including grants, loans and loan guarantees — to startups and fast-growth SMEs. Startups may benefit from our Minimum Viable Product or Building Partnership grants. Emerging businesses may be more suited to our loan products.
What is the cost of the Sydney Startup Hub?
The NSW Government will invest $35 million through Jobs for NSW over the next five years.
Are there similar initiatives in other parts of the world?
Yes. A number of global peers have startup hubs of a similar nature, however, none have government investment. Examples include:
- Cambridge Innovation Center (CIC) in Boston
- In operation for almost 20 years
- Supporting high-growth companies
- CIC companies have created an estimated 40,000 jobs
- Station F in Paris
- Aims to be the largest startup campus in the world
- Will house up to 1,000 startups alongside incubators, accelerators, investors, and leading companies such as Facebook