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 »

People

Here are the winners of the first Governor of Victoria Startup Awards

- February 24, 2022 4 MIN READ

Sustainable energy retailer Amber Electric and medtech Seer Medical have been named joint winners of Victorian Startup of the Year in the inaugural Governor of Victoria Startup Awards, announced last night. The Awards, supported by Linda Dessau, Governor of Victoria, celebrate the state’s leaders and investors in the startup sector. She hosted the winners at… 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 »

football, kick
Other tech

Victoria is ramping up its sportstech focus with a $4 million innovation centre

- September 8, 2021 2 MIN READ

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 »

Jaala Pulford
Future of work

Victoria has a $64 million plan to reskill 5000 workers for digital jobs

- August 31, 2021 2 MIN READ

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 »

Future founders
Accelerator

The hunt is on for Victorian student startup founders to join a hackathon and bootcamp

- August 3, 2021 < 1 MIN READ

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 »

Business

Everything you need to know about Victoria’s new post-lockdown business support package

- July 28, 2021 3 MIN READ

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 »

Dog, money, nurture
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 »