TechSydney Completes Pozible Funding Round With Over $560,000 From Nearly 175 Supporters

On Friday, TechSydney closed its crowdfunding campaign on Pozible after successfully capturing a total of $564401 from 174 supporters. This closing comes just weeks after the funding portal dubbed TechSydney’s initiative the biggest ever non-profit campaign.

As previously reported, TechSydney is on a mission to make Sydney a top 10 tech ecosystem. It revealed that while it seems as though the city’s tech community is growing, it seems as though it’s not enough to be considered a major ecosystem for developing businesses.

“By all independent measures we’re going backwards compared to other cities around the world. What does backwards mean? It means we’re becoming less relevant in the global tech economy, which is fast becoming the leading source of economic growth across the world. We need to change this and it’s going to take one hell of a communal effort to put the brakes on the slide and create enough momentum the other way to accelerate past other cities.”

To Sydney a place for startups to grow, TechSydney looked to raise $500,000 for the expansion of its team and develop an online talent platform, along with founder forums, up/down mentoring, and set up a Trello board that will reveal the items it will focus on to make startups grow. TechSydney’s founding member, Kim Heras, recently stated the success of the campaign proves there is a need for the startup ecosystem:

“It’s really good validation of what we’re trying to do. We’re not surprised that it’s doing this well because we spent months and months going out and talking to people. We’ll be helping uncover talent and connect it better to startups, and we’re actually doing that already. We will be constantly iterating based on what the community wants. It’s about going and trying to engage with as many parts of the community as possible.”

CEO of TechSydney, Dean McEvoy, revealed in an interview:

“It’s important that we come together and say this is why Australia is great and here is the menu of great options we have in Australia. Let’s not let it be a political scorecard that the politicians are trying to use to get a win off each other. A good analogy is Tourism Australia, they go out and push Australia and they let people decide where they want to go on holiday. I think that analogy needs to hold true to the technology industry.”