I attend a Sydney startup group named Silicon Beach. An apt name for the New Australian Economy?
Think about it…
- Mining boom runs out – what is Australia going to do next?! (the “Dutch Disease“)
- National Broadband network kicks in – connecting the whole country with a vast fibre optic network
- Tony Simonsen, CEO of Equinix, in an article in the Australian Financial Review this week says “..I really believe the NBN is going to promote [and enable] small business and start-up ventures staying in regional areas”
- Australia is a pretty big place, with a low population, and is really quite a nice place to live!
How about an influx of startups, tempted away from the Valley and other hubs, to enjoy state-of-the-art infrastructure in Australia, top weather, the best sharks (and not talking about the Venture Capitalists) and a choice of where to base yourselves for an awesome alternative lifestyle to the usual tech crowd.
Amazon drops in a cloud data centre into Alice Springs in the centre of Australia, buried underground with cooling systems driven by huge solar panels in one of the sunniest places on Earth.
Boosted by tax revenues, the Australian Government invests in entrepreneurial startup businesses with various incentive schemes, and lowers Australian company tax. Knock-on effect of stimulating the economy – building local infrastructure to support these distributed tech communities – and making Australia a more attractive hub in which to base regional businesses.
Planes get faster. The great Australian trade-off – seeing your homeland once every two years if you’re lucky – is less of an issue.
Roll on NBN, the New Australian Economy – The Great Silicon Beach!