Sydney co-working institution Tank Stream Labs to open Perth office

One of the country’s oldest and most well-respected co-working space providers Tank Stream Labs has announced it will be expanding into Perth in a bid to help link the startup ecosystems on Australia’s east and west coasts.

Faced with many alluring prospects when considering which Australian capital cities to launch TSL’s first every non-Sydney co-working space into, chief executive Bradley Delamare tells StartupSmart he picked Perth because of the potential for growth in the city’s startup ecosystem.

“Melbourne has almost double the co-working spaces of Sydney, and Brisbane is small market already with some standouts like Fishburners and River City Labs,” he says.

“Perth is an interesting one, and over the last 12 months we’ve seen a large number of WA startups coming over to Sydney looking for funding, talent, or to set up satellite offices.”

Coupled with the fact the Western Australian economy has been through a “shakeup” recently, Delamare thinks the space is ripe for startup love, especially considering the number of high wealth individuals and large companies headquartered in the state.

A wave of successful startups have emerged from Western Australia over 2017, including blockchain success story Power Ledger, and constructiontech businesses such as ParkD. Read more

Dominic Powell – Smart Company – 11 Dec 2017