The Westmead Institute, Sydney, New South Wales © The Westmead Institute

Sydney Industry Sectors

Sydney is globally recognised for its strengths in key industry sectors of health and life sciences, MedTech, technology, FinTech, professional services, advanced manufacturing, science and engineering, defence and aerospace, and international education.

More than 600 multinational companies run their Asia Pacific operations from Sydney. These industries are supported by Cooperative Research Centres, centres of excellence, specialised research centres and medical health institutes.

Health and Life Sciences

The Westmead Institute, Sydney, New South Wales © The Westmead Institute

Westmead is building an advanced viral vector manufacturing facility with a 550-litre capacity – the only one of its kind in Australia.

More than A$3 billion has been committed by the NSW Government, universities and the private sector to expand Sydney’s Westmead Health and Innovation District, one of Australia’s largest health and research hubs.

Central to the precinct’s success is the co-location of major hospitals, medical research institutes, pathology services, and manufacturing facilities in an interconnected area, enabling a multitude of innovation opportunities.

By 2036, workforce in the precinct is expected to exceed 50,000 full time staff and over 10,000 students, creating a thriving ecosystem driving innovation in health and medical education.

Technology and Innovation

Tech Central, Sydney, New South Wales © Tourism Australia

Central Park, Chippendale, New South Wales © Destination NSW

60 per cent of Australia’s fintech companies are based in Tech Central.

Sydney is the startup capital of Australia and home to Tech Central, an innovation and technology precinct that is located in the heart of the city.

With 250,000 sqm (2,691,000 sq ft.) of dedicated space earmarked for the precinct, Tech Central is already home to tech hard hitters such as Sydney Quantum Academy, the Space Industry Hub, Canva, Rokt, Zip and SafetyCulture and will welcome Atlassian in 2025. In addition to this, it has 8,000 sqm (86,100 sq ft.) of space available for digital and emerging technology scaleups and essential innovation businesses.