A new Fund-of-Funds venture capital firm, formed by veterans of the super fund Hostplus VC team, has been chosen by the Victorian government to build LaunchVic’s $120 million Victorian Startup Capital Fund (VSCF). Neil Stanford and Brighid Pappin have created V-Ignite to turn $60 million from the state government into $120 million for the VSCF.… Read more »
The Victorian government has looked across the border to manage its $30 million Venture Growth Fund, with Sydney venture capital firm OneVentures awarded the tender for the role. The plan for the venture debt fund was announced in the Victorian budget last year to inject late-stage capital into revenue positive startups. The fund was part… Read more »
Victoria is looking to bolster its reputation as the nation’s sporting capital with a new innovation centre to accelerate the commercialisation of sportstech. The state government is backing the Australian Sports Innovation Centre for Excellence in the inner-city suburb of Cremorne with a $4 million investment. Victorian innovation, medical research and digital economy minister Jaala… Read more »
A $64 million program to reskill around 5000 mid-career workers for roles in the digital economy has been launched by the Victorian government. The industry-backed Digital Jobs program has already signed on leading employers such as the ANZ bank, AWS, Carsales, MYOB, Salesforce, Siemens and Zendesk. The workers involved will complete 12 weeks of skills training… Read more »
Victoria will go back into lockdown from 8pm tonight, August 5. It is the state’s sixth lockdown, just nine days after emerging from its fifth following the spread of the Delta variant from Sydney. Eight new Covid-19 cases were reported in Victoria today, including six from yesterday. Reported yesterday: 6 new local cases and no… Read more »
State Library Victoria’s StartSpace Future Founders Hackathon is coming up at the end of the month, followed by a bootcamp for student startup founders and applications are now open for people to take part. The free program is designed to help student founders to develop their startup ideas with support from industry mentors. StartSpace community lead… Read more »
The Federal and Victorian governments will fund a joint support package to give Victorian small and medium businesses the extra help they need to recover from the recent lockdown. The new Victorian Business Support Package will deliver an additional $400 million in support to thousands of businesses, with funding to be split 50/50 between the Federal… Read more »
Victorians will begin to emerge from 12 days of lockdown tonight, with a range of restrictions eased statewide from midnight on July 27. Restaurants, gyms, retailers and personal grooming businesses can reopen, but with density limits, with Victoria’s ski fields reopening too, although skiers will need to return a negative Covid test before heading to… Read more »
LaunchVic is seeking a fund manager to run the Victorian Startup Capital Fund (VSCF), a Fund of Funds announced in the Victorian budget. The $120 million VSCF is support Victorian early-stage technology-based startups with potential to grow into high-performing businesses. The fund manager will be charged with raising at least $60 million from the private… Read more »
A new report into Victoria’s startup sector reveals that any politician wanting to promise voters jobs should be looking to back startups. The Startup Employment in Victoria report bydealroom.co, in collaboration with LaunchVic, found a 10.75% increase in startup jobs year-on-year between 2018 and 2020. Around 5,900 direct new local jobs were created by local… Read more »
Victoria has entered a five-day lockdown to control its growing outbreak of the more infectious Delta variant. Until midnight on Tuesday restrictions mean residents are only allowed to leave home for essential reasons, can only travel five kilometres away from home, and need to wear masks outside the home, among other measures. Breaking: Victoria has… Read more »
Female entrepreneurs have the chance to score up to $300,000 in early-stage funding from the Victorian government for their startup ,with applications for the new $10 million Alice Anderson Fund now open. The fund, led by LaunchVic, is designed to address a chronic shortage of equity investment in startups founded by women. LaunchVic CEO Dr… Read more »
Victoria will be a leaders in IT jobs growth over the next five years according to analysis in the 2021 ACS Digital Pulse report. Digital Pulse, prepared by Deloitte Access Economics for ACS, tracks the key trends in the national technology workforce, as well as the sector’s potential over the next five years, and for… Read more »
Women-led early stage startups will have access to dedicated investment support from the $10 million Alice Anderson Fund – named after a pioneering Victorian businesswoman and innovator – to open for applications in July. The Alice Anderson Fund will run over three years as a sidecar investment fund committing between $50,000 and $300,000 into between 40 and… Read more »
Premier Daniel Andrews has announced Victoria’s five-day lockdown will end as planned at 11:59pm tonight, February 17. Andrews says the snap lockdown, which was instigated as a “circuit breaker” to prevent a potential third wave of the virus has worked. The news comes as the state records no new local transmissions and zero new cases… Read more »
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