LaunchVic Kate Cornick
Other tech

Victoria has a $100 billion startup ecosystem

- December 21, 2023 2 MIN READ

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 »

R&D, science, man looking in microscope
Funding

Victoria is offering medtech startups $500k grants for their research projects

- October 23, 2023 < 1 MIN READ

Applications for the seventh round of the Victorian Medical Research Acceleration Fund (VMRAF) are now open. It offers both grants of up to $100,000 to support early-stage research projects with a practical application, as well as later-stage grants of up to $500,000 to help researchers bring their products and practices into clinical or health care… Read more »

12 Apostles, Great Ocean Road, Victoria
Politics

Victorian Ombudsman rips into the state government over ‘unreasonable, inflexible’ EV road use charges

- September 27, 2023 3 MIN READ

As Victorian premier Daniel Andrews heads to the exit door this afternoon after nine years, one mess his successor will need to clean up is the government’s road-user charge for electric and hybrid vehicles, which has been branded unreasonable by state’s Ombudsman Deborah Glass. The government introduced the Zero and Low Emission Vehicles (ZLEV) Act… Read more »

Kate Cornick
Politics

Victorian startups are going gangbusters – and that’s a big win for the local economy

- August 25, 2023 2 MIN READ

 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 »

Governor of Victoria Linda Dessau
People

Mr Yum named Victoria’s startup of the year

- May 30, 2023 2 MIN READ

Hospitality ordering app Mr Yum has been named startup of the year in the annual Governor of Victoria Startup Awards. The fintech, currently in talks with rival Me&u over a possible merger, was recognised for its role in helping the state’s restaurant sector continuing to operate during pandemic restrictions and now helping the hospitality sector… Read more »

Funding

Firefighting virtual reality training startup FLAIM lands $6.7 million Series A

- April 3, 2023 2 MIN READ

A virtual reality firefighter training startup spun out of Deakin University has raised $6.7 million Series A, with the Victorian government’s investment fund Breakthrough Victoria, taking a minority stake in the business for $5 million. FLAIM Systems has developed what’s believed to be the world’s first fully immersive virtual firefighting training system, offering a safe… Read more »

solar panels
Climate Tech

Victoria has $10 million to deal with one of the next decade’s biggest recycling problems: solar panels

- October 3, 2022 2 MIN READ

A $10 million program to tackle recycling solar panels has been launched in Victoria. Breakthrough Victoria,  a company managing a $2 billion fund set up by the Victorian government to make the state a global leader in innovation, has launched the $10 million Solar Waste Challenge, to invest in solar waste reduction solutions. More than… Read more »

Ag tech

US agritech investor SVG lands in Australia with $50 million war chest for ANZ startups

- July 19, 2022 2 MIN READ

Silicon Valley agrifood innovation investor SVG is setting up shop in Melbourne with a $50 million fund to back local agtech startups. SVG will launch its $50 million THRIVE Australia Venture Fund to invest in Australia and New Zealand agtech startups. Victorian economic development minister Tim Pallas visited California on the weekend to meet with SVG… Read more »

Dan Andrews
Politics

The Victorian government is investing $100 million into university startups

- June 27, 2022 2 MIN READ

Government-owned Breakthrough Victoria is tipping $100 million in pre-seed funding into startups at the state’s universities looking to commercialise research. Premier Dan Andrews and treasurer Tim Pallas set up the $2 billion Breakthrough Victoria fund, chaired by former premier John Bracks, as an independent investment fund manager investing in commercial innovations in health, technology, manufacturing,… Read more »