Venture Capital

3 angel investing groups just scored $900,000 in Victorian government grants

- August 17, 2022 2 MIN READ

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 »

Woman ethereal
Other tech

How Victoria is unlocking the power of startups for public health

- May 18, 2022 2 MIN READ

Victoria’s youth health and wellbeing has been a state priority for decades – but with roughly a quarter of the state’s children overweight (Australian Bureau of Statistics), there’s more that can be done. While schools, parents and government bodies have all been focused on education programs and supporting healthy lifestyle choices, we believe Victoria’s brightest… Read more »

Accelerator

LaunchVic is looking for more startup accelerators to fund

- May 9, 2022 < 1 MIN READ

Victorian startup agency LaunchVic is offering grants of up to $2 million to support accelerator programs for local founders. Applications for the grant program are now open for experienced accelerator program providers to deliver either generalist or sector-specific programs over the next three years. LaunchVic CEO Dr Kate Cornick said the need for tailored support,… Read more »

Dr Kate Cornick
Accelerator

LaunchVic is on the hunt for budding startup founders to tackle key health issues facing young people

- April 29, 2022 2 MIN READ

Victoria’s startup agency LaunchVic, is partnering with the state’s health authority VicHealth to harness the power of entrepreneurship and innovation to tackle of the key health issues of young people with a new accelerator program. The VicHealth X LaunchVic CivVic Challenge is looking for aspiring founders and early stage startups keen to find solutions that… Read more »

unicorn dog
Leadership

LaunchVic wants to help turn 30 Victorian startups into unicorns companies by 2030

- March 2, 2022 2 MIN READ

Victorian startup agency LaunchVic has developed an ambitious program to help 30 local startup companies hit $1 billion valuations in the next eight years.  The 30X30 program is a fully subsidised bespoke leadership program, designed by LaunchVic, and tailored to support scaleup founders and their executive teams taking their startups to the next level. The state… Read more »

Funding

LaunchVic chooses a new Fund-of-Funds firm to raise $60 million for the Victorian Startup Capital Fund

- February 23, 2022 2 MIN READ

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 »

Accelerator

LaunchVic is on the hunt for the next big things in AgTech, with $1.8 million for accelerator programs

- February 17, 2022 2 MIN READ

Nearly 500 innovative farmers and aspiring startup founders are set to break into the AgTech sector, with three new entrepreneurship programs funded by LaunchVic and Agriculture Victoria.  Farmers2Founders, Rocket Seeder and SproutX will each receive $600,000 to run pre-accelerator programs, which equip aspiring entrepreneurs with the skills to turn an idea into a business.  Farmers2Founders,… Read more »

STEM
Women in tech

Victoria’s new Alice Anderson Fund for female entrepreneurs has named the first 5 startups it’s backed

- December 14, 2021 2 MIN READ

LaunchVic’s Alice Anderson Fund has backed the first five startups in the $10 million co-investment fund, tackling ideas that range from recycled clothing to children’s toys and fitness. The Victorian Fund’s inaugural round has seen it make $727,167 in direct investments – along with more than $2.3 million in co-contributions from private investors – to… Read more »

Dr Kate Cornick
Investing

LaunchVic is helping people learn how to become angel investors in startups

- November 22, 2021 2 MIN READ

Victorian startup agency LaunchVic will back 75 potential startup investors to take part in a investor education programs to build angel investor capabilities. The VC Catalyst course at the Wade Institute of Entrepreneurship at the University of Melbourne focuses on giving venture investors with the knowledge, skills, confidence and networks to invest in early-stage startups. … Read more »

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Funding

LaunchVic is on the hunt for a fund manager for its $120 million startup fund

- July 23, 2021 2 MIN READ

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 »

Dr Kate Cornick
Opinion

Victorian startups created nearly 6000 new jobs in just 3 years

- July 21, 2021 3 MIN READ

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 »