LaunchVic has picked the final 10 startups it thinks have unicorn potential in the 30×30 program

- March 15, 2024 2 MIN READ
Edrolo cofounders Jeremy Cox, Ben Sze and Duncan Anderson
Edrolo cofounders Jeremy Cox, Ben Sze and Duncan Anderson
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 fully subsidised four-month program pairs key staff with mentors from existing unicorn ventures such as Atlassian, Canva, Culture Amp, Judo Bank and SEEK to address common bottlenecks for scaling companies.

It has already helped 20 Victorian scaleups across two cohorts, including JET Charge, HammerTech, FourthRev and Nutromics. They also received $6,000 in funding from LaunchVic for additional mentoring sessions or international travel. The companies involved have now raised more than $98.7 million and expanded internationally.

HammerTech‘s VP of 0perations, Nick Peters, said they opened offices in the UK and Ireland last year with support from 30X30 and its links with Global Victoria.

“The 30X30 program helped HammerTech speed up the velocity of our entry into the market, via access to the greater Global Victoria network of contacts in Melbourne and London,” he said.

“It’s a program that is built to identify the next unicorns and it showed us what we needed to do right now in order to get to that unicorn status with the billion-dollar valuation.”

The final group of budding unicorns selected is:

  • Acusensus, which builds intelligent solutions that can be rapidly deployed to address road safety challenges.
  • Compass Education, which simplifies complex school processes in one connected platform.
  • Edrolo, which gives teachers time and more joy with quality resources that positively impact student learning.
  • EstimateOne, which connects the commercial construction industry.
  • Equiem, which is integrating ops tools, flexible spaces, and communities in one unified workplace experience platform.
  • InvestorHub, an investor marketing software that gives public companies the tools and data they need to own investor relationships.
  • Mindset Health – digital hypnotherapy to empower people to manage their health with their mind.
  • Telecare – telehealth services online for rural Australians.
  • Tasman Environmental Markets (TEM) Australia’s largest voluntary carbon offset provider.
  • Tixel, a marketplace for Australian fans to buy and sell tickets, with scale-up operations in the UK and US.