Sydney, located on Australia’s east coast, and is the state capital of New South Wales. As Australia’s global city and the gateway to Asia, Sydney is the destination of choice for international corporations, business leaders, tourists and students. As the home to some of Australia’s leading universities and research institutions, such as the University of Sydney, the University of New South Wales and so on. Sydney is well positioned to tap into a global talent pool of top researchers working closely with organisations in the public and private sectors.

Sydney provides headquarters for almost 40% of the top 500 Australian corporations. Sydney has the biggest tech startup ecosystem in Australia. 960 startups of the 1500 in Australia are based in Sydney. 7 accelerators or incubators of the estimated 15 in Australia are located in the City of Sydney area, as well as 9 co-working spaces that support technology entrepreneurs. In the 2014 Innovative Cities Index of 445 cities, Sydney is ranked in the top 20 cities globally and 3rd in the Asia Pacific region.

Sydney hosts a large number of global information and communications technology (ICT) firms including Google, IBM, Atlassian, Dimension Data, Dropbox and Microsoft. HUAWEI which registered in Shenzhen, China, also spent $30 million Australian dollar to establish a national trading and innovation center in Sydney. 60% of Australia’s regional ICT headquarters and operation centres are based in Sydney. 64% of Australia’s tech startup companies are located in Sydney as of 2013.

New South Wales has an active sister state relationship with Guangdong Province. It is one of the City’s most important and enduring partnerships, with mutual benefits across technology & innovation, economic, trade relations and so on. Sydney was ranked in the top ten for ‘intellectual capital and innovation’ out of 30 cities in the 2014 PwC Cities of Opportunity Report. This report includes variables relating to the innovation cities index and the entrepreneurial environment. Just as Premier Li said: “Do business, but always be an innovator”. Therefore, in order to attract more international innovation talents, there is no doubt that Sydney has been chosen to be one of the devisions for the 1st Innovation Competition of International Talents, Shenzhen, China.