5 min read

Think Big, Act Brave: Let's Cross Borders in 2024!

Think Big, Act Brave: Let's Cross Borders in 2024!
Photo by Christine Roy / Unsplash

Hello Startup Melbourne Community, Welcome to 2024, where we would like to set new goals for this incredible year. And what's better than to aim for global expansion?

In this series of 'Think Big, Act Brave' blogs, we will help our fellow entrepreneurs to identify the latest trends and find new opportunities in the markets outside of Australia and New Zealand.

The world of startups in 2024 promises an especially exciting frontier for those poised to venture beyond their borders. Similar to 2023 tech innovation and sustainability will continue to propel growth, however several key trends present fresh opportunities for global expansion:

1. Deep Tech Takes Center Stage: AI, machine learning, and blockchain are no longer buzzwords, but tools revolutionizing entire industries. Startups using these deep technologies in healthcare, agriculture, and energy will find fertile ground in markets facing critical challenges. Imagine an AI-powered crop analysis platform tackling food security in African nations, or a blockchain-based microfinance solution empowering rural communities in Southeast Asia.


V7 Labs speeds up AI model building by automating image data labeling.

2. Sustainable Solutions Find Global Backing: With climate change pressing down, the demand for sustainable solutions is skyrocketing. Startups offering green energy alternatives, waste management innovations, and carbon capture technologies will see increased investor interest and market traction. Picture a clean water initiative scaling its operations in arid regions, or a bioplastics company tapping into the surging demand for eco-friendly packaging in Europe.

Top climate startups in the energy sector to look out for:

3. Decentralization Democratizes the Game: Web3 technologies like blockchain and cryptocurrencies are disrupting traditional power structures. Startups leveraging these tools to facilitate decentralized finance, create autonomous organizations, and empower data ownership will witness a global boom. Imagine a remittance platform empowering migrant workers to send money home without exorbitant fees, or a decentralized marketplace connecting artists directly with global audiences such as TuneGo and Audius.

4. Remote Work Redefines Talent Acquisition: The boundaries between physical and virtual work are blurring. Startups embracing remote work can tap into a global talent pool, accessing diverse skills and experiences without geographical constraints. Picture a software development team collaborating seamlessly across continents, or a content creation agency sourcing writers from every corner of the globe.

5. Hyper-personalization Takes Root: Consumers crave tailored experiences. Startups mastering AI-powered personalization through chatbots, dynamic content, and predictive analytics will win hearts and market share. Imagine a health app offering personalized dietary advice based on genetic data, or an e-commerce platform recommending products based on real-time customer behavior.

All these trends and technologies have one thing in common, which is cutting barriers and solving global problems, hence, now is the time for startups to think beyond conventional boundaries.

What's Next in the series?

  • Market research techniques
  • Building global teams
  • Cultural awareness
  • Adapting your product/service

And a lot more, so stay tuned!


V7 | The AI Data Engine for Computer Vision & Generative AI
The full infrastructure for enterprise training data covering labeling, workflows, datasets, and humans in the loop.
Jackery Best Solar Generator, Portable Power Station & Solar Panels
Jackery® offers an array of portable power supply solutions, including solar generators, portable power stations & solar panels. Click to learn more!
Solstice Ai - Enabling effective integration of renewables
We are moving towards a world of completely renewable energy. Artificial intelligence will help us to solve the most important problems in the energy sector. Solstice Ai uses artificial intelligence to identify and forecast renewable energy generation sources – enabling more effective integration of renewables into the grid of the future. “We founded Solstice AI on the vision that artificial intelligence can now help to solve climate-related problems more than ever before. ”
Pioneering a sustainable battery industry to enable the future of energy.
Everything you expect and more!
Built for music creators and collectors.
Audius - Empowering Creators
Audius is a music streaming and sharing platform that puts power back into the hands of content creators.