The Victorian government is boosting its support for local startups with an additional $5.1 million in funding via LaunchVic. The grants include $1 million for the Wade Institute of Entrepreneurship to help early-stage investors develop expertise in critical skills such as due diligence, capital raising and portfolio management. A further $4.1 million (and up to… Read more »
 LaunchVic, has selected 11 new scaleups to be part of the ongoing 30X30 program, which helps fast-growing get their organisational ducks in a row on the path to unicorn status – a $1 billion+ valuation – by the end of the decade. The Victorian government’s startup body developed the fully subsidised four-month program to connect… Read more »
Victorian startup agency LaunchVic is offering grants of up to $300,000 to venture capital funds and angel groups to set up in Victoria and back local startups. To qualify, they’re either just kicking off or “new to Victoria”, which means interstate VCs looking to put boots on the ground in the southeast can apply for… Read more »
Victorian startup agency LaunchVic has added four new directors to its board as it gears up for 2025 with a revised focus. They are: Charlie Day: CEO of Monash University spinout Jupiter Ionics and former CEO of Innovation & Science Australia . Chaman Sidhu: Former Chief Legal and Company Secretary roles at Xero, Envato, and… Read more »
Crowd-sourced funding (CSF) platform Birchal’s new Birchal First Syndicate has turbocharged $1.9 million in funding for Victorian hardware technology startups in 90 days since its launch. The angel syndicate, backed by a $300,000 LaunchVic grant, combines its lead investments with retail investor support on the crowdfunding platform’s equity capital raising campaigns. While battery-powered aircraft engine… Read more »
A goal matching platform that helps you find and build your community of advisors to help you succeed in work and life has raised nearly $500,000 in an angel round from high-profile female founders and LaunchVic’s Alice Anderson fund. Matched, cofounded by Jessica Box and Susan Hion-Jarvis, was backed by Modibodi founder Kristy Chong and… Read more »
Victorian government-backed startup authority LaunchVic has two new grant rounds, worth up to $1.5 million, to support the local ecosystem through accelerator programs and investor education. Grants of up to $1.5 million are available for accelerator programs requiring ongoing funding to maintain their operations in the state, while a separate grant of up to $1… Read more »
LaunchVic is once again looking for Victorian startups with the potential to reach unicorn status – worth more than $1 billion – as part of the 30X30 program in 2025. 30×30 has expanded into a fourth cohort to include another 10 startups in the executive leadership program, which helps develop and mentor scaleup founders and… Read more »
Victorian startups will have eight new early-stage venture capital (VC) funds to hit up for cash, seeded with $300,000 each from LaunchVic. All up, $2.4 million in grants will go to the VCs, including some from Sydney, to open shop in Victoria. They are: Australian Medical Angels, Ecotone Partners, Era VC, Flying Fox Ventures, Mandalay… Read more »
Crowdfunding platform Birchal has launched an angel network platform, with backing from LaunchVic. Birchal First is designed to connect angel investors with early-stage Victorian startups in the hardware technology space, investing from pre-seed to Series A. The roll out has been underpinned by a $300,000 grant from LaunchVic and is the 10th angel network the… Read more »
Workplace talent management platform SeenCulture has raised $1 million in a round backed by LaunchVic’s Alice Anderson Fund for female founders. The software startup helps management make smarter, fairer and faster decisions around employee issues such as promotions, performance/pay reviews, and team design. Founded in 2023 by psychologist Nikki Tugano, it currently serves more than… Read more »
The Australian Society for Medical Entrepreneurship and Innovation (ASME) is among seven organisations backed by LaunchVic as part of a $2.4 million program to create pre-accelerator programs to help aspiring founders understand startup life. ASME has partnered with MTPConnect to deliver the Australian Clinical Entrepreneur Program (AUSCEP) in Victoria. It offers clinicians the resources, mentorship… Read more »
Would-be startup founders seeking a helping hand to take their first steps to tackle important problems will have seven new ways to do it thanks to a series of pre-accelerator programs bankrolled in Victoria by LaunchVic. Seven new programs have received up to $400,000 as part of LaunchVic’s ‘Grants for Targeted Pre-accelerator’ program to offer… Read more »
To say that Dr Kyle Turner is an unusual person is an understatement. A jack of all trades – and master of many – the epidemiologist academic turned startup founder turned startup investor has lived many lives in his 39 years. Born in the rural town of Dubbo, NSW, Turner, a Wiradjuri man, followed in… Read more »
The Victorian government is doubling the size of its early-stage agtech fund to $2 million. The extra $1 million for the Hugh Victor McKay Fund, run by LaunchVic, follows the initial $1 million commitment revealed last year. The fund offers up to $200,000 to early-stage Victorian agtech startups, so the new funding doubles the potential… Read more »
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