The final cohort of startups with the potential to be worth $1 billion has been chosen by LaunchVic for its 30X30 mentoring program. 30X30 is a leadership program helps develop and mentor scaleup founders and their executive teams to build their companies – and hopefully reach unicorn status: a $1 billion valuation by 2030. The… Read more »
The Victorian government’s startup arm, LaunchVic, has a new bucket of grants of up to $300,000 for specialised angel networks to invest in pre-seed and seed rounds in the state. LaunchVic CEO Dr Kate Cornick said the new grant round would work to inject more capital into the market when early-stage funding in Victoria remained… Read more »
Victoria’s startup ecosystem has grown in value by $12 billion to surpass $100 billion according to a new report from LaunchVic. The size and scope of their success is revealed in the Victoriaʼs startup ecosystem report 2023, produced in partnership with dealroom.co, which found the combined value rose from $91 billion to $103bn in the… Read more »
SBE Australia will expand its services supporting women entrepreneurs in Victoria thanks to support from LaunchVic. The state government-backed startup agency is provided a $100,000 grant towards the development of SBE Advisory, to ensure that women-led businesses are receiving much needed independent, bespoke advice and more tailored solutions needed to amplify their growth and scale.… Read more »
Victoria’s startup agency, LaunchVic, is hoping to lure more venture capital to south, offering VC funds up to $300,000 in backing if they put up their shingle in the state. Eligible funds can either new or “new to Victoria,” under the incentive program, providing existing fund managers with operations elsewhere to set up local offices… Read more »
An updated report from Deloitte Access Economics has found the Victorian startup ecosystem has out- performed growth expectations from forecasts made in 2020. The report,“Scaling up: Growing the economic opportunity for Victoria’s startup ecosystem”, commissioned by startup agency, LaunchVic, concludes that pandemic tailwinds were kind to the sector with its value nearly doubling from $50… Read more »
Victorian agtech startups have access to a new funding source with LaunchVic backing a new $1 million angel sidecar fund backed by Agriculture Victoria. The Hugh Victor McKay Fund is named in honour of the inventor who patented the combine harvester in the 1880s, one of the most important agricultural innovations in recent history. The… Read more »
Victorian-government backed startup agency LaunchVic has granted another $300,000 to early-stage accelerator and investor Startmate to inspire around 300 university to become founders. The $300,000 grant over two years will see at least 320 Victorian university students complete the Startmate Student Fellowship, a three-week intensive designed to give students the confidence, connections and skills to… Read more »
Victorian startup agency LaunchVic’s ongoing support for female founders is continuing with a new grants program for organisations to run pre-accelerator programs for women entrepreneurs. Grants of up to $300,000 are available to support programs offering women founders with the advice, support and networks required to build a minimum viable product and find their first… Read more »
The Victorian government is offering $1.3 million in new funding to the agtech startup sector through LaunchVic. The funding including $1 million under the AgTech Grants Program, which will offer individual grant funding of $50,000 to 20 emerging agtech startups. The program is a partnership between Agriculture Victoria and the state’s startup agency LaunchVic. On top… Read more »
LaunchVic is on the hunt for a new wave of tech startups they can help turn into unicorns – companies worth more than $1 billion. The Victorian startup agency’s 30×30 program was developed with the aim to help 30 startups hit $1 billion valuations by 2030, and is now open for expressions of interest. LaunchVic… Read more »
Victoria’s government-backed startup agency, LaunchVic, is supporting three local accelerator programs with a total of $3.1 million in funding. CEO Dr Kate Cornick the funds will help fast track the growth of up to 160 local startups. “By backing programs with a proven track record of helping founders, we will ensure LaunchVic supports our rapidly… Read more »
Lift Women, the country’s first female-focused crowdfunding platform, has scored investment from LaunchVic’s sidecar VC for female entrepreneurs, the Alice Anderson Fund. The Alice Anderson Fund co-invests with other venture funds, with Lift Woman attracting the backing of two global executives from major insurance companies, including Gordon Watson, CEO of AXA Asia, as part of… Read more »
Startup lexicon can be confusing, with so many acronyms and buzzwords. But there is one word everyone should know: unicorns. It’s the crowning title for magical companies that are valued at more than $1 billion dollars. While unicorns are rare, Victoria has 20 that have created more than $100 billion of value between them. You… Read more »
The Victorian government has handed out $900,000 in grants to three new angel investor networks to back early-stage startups. Innovation, medical research and digital economy minister Jaala Pulford said Cut Through Angels, Climate Angel Network and Playbook Angel Network, each will receive $300,000. The grants will help the angel groups to establish operations in Victoria and… Read more »
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