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An emerging area of entrepreneurship in Wollongong is the growing start-up community, which often involves tech-based businesses. One way this has been encouraged is through programs such as iAccelerate. There has also been a less structured formation of new tech-based businesses that are choosing to locate in Wollongong, develop their ideas and solutions and then export them to the world.

Wollongong is already home to several successful ICT based companies that have an established presence in national and international markets and UOW is obviously a recognised producer of IT talent. ICT companies located in Wollongong include NEC, Accelo, iTree, Easy Agile and Internetrix.

The talent pool of graduates represents an ongoing source of future employees for the tech sector. For example, in 2016 more than half (57%) of young graduates in this field who were living in Wollongong in 2011 were working elsewhere by 2016 as they left Wollongong to gain employment elsewhere.
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