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.
“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.”
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