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Melbourne rises as hot spot for women entrepreneurs

The research, by IHS Markit, looked at five factors – access to capital, technology, talent, culture and markets – and was released at the Dell Women Entrepreneurs Network conference in Singapore.

Andrew Petris and Charlotte Petris moved to Melbourne for family but have found it a great place to build their startup Timelio.

Andrew Petris and Charlotte Petris moved to Melbourne for family but have found it a great place to build their startup Timelio.Credit:Josh Robenstone

Charlotte Petris, co-founder of fintech startup Timelio, is based in Melbourne and moved there for family reasons.

“I moved to Melbourne because it’s a great place to live, but discovered it’s one of the best places in Australia to start a business, especially for raising capital as there’s a deep and supportive network of investors and family offices,” she said on the sidelines of the DWEN conference.

Ms Petris said the fintech sector had benefited from an increase in the number of female founders and those in leadership positions, which was needed for financial services in Australia.

“It’s great to see the growing community in Melbourne, certainly reflective of the developing startup ecosystem which helps provide the networks and support that encourages greater risk-taking,” she said.

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Karen Quintos, executive vice-president and chief customer officer at Dell Technologies, said investing in women was  investing in the future.

“By arming city leaders and policymakers with actionable, data-driven research on the landscape for women entrepreneurs, we can collectively accelerate the success of women-owned businesses by removing financial, cultural and political barriers,” she said.

However, Ms Quintos warned there was a long way to go.

“The top city San Francisco got a score of 63.7 out of 100,” she said. “Where I come from that translates to a D. There is so much work to be done across the board.”

The reporter travelled to Singapore for the Dell Women’s Entrepreneur Network Summit as a guest of Dell.

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