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LaunchVic

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LaunchVic works in partnership with entrepreneurs, industry, business, the community and our educational institutions to strengthen Victoria’s entrepreneurial and startup ecosystem.

Their focus is to invest in the infrastructure of Victoria’s startup ecosystem to increase scale and improve capability.

Visit the LaunchVic website

NOTE: There are no funding rounds currently open. To hear about future funding rounds, please subscribe to the LaunchVic newsletter. The below information is for past rounds and is for reference only.

Name LaunchVic
Potential Value Co-contribution

For small ideas, a single stage process will be undertaken. Small ideas funding will support initiatives or projects up to $100,000 that build startup infrastructure in areas that are currently underdeveloped. Applications successful in the small funding round will receive one-off grants.

The large funding round is designed for a small number of sizeable proposals. Applicants will be eligible for seed funding for up to three years, which must be matched by partner contributions (1:1 co-contribution either cash or in-kind). Demonstrating high quality programs that will position Victoria as a leader and address key criteria of collaboration and diversity will be critical elements of this program.

Eligible Businesses

Proposals for funding either small or large ideas must address the following key criteria:

  • How the project addresses the LaunchVic Round Two Funding Program objective/s;
  • Demonstrated need for LaunchVic funding that’s also matched up to 50/50 (mandatory for large applications only) by contributions (cash and/or in-kind) from partner organisations, and does it demonstrate a genuine need for LaunchVic support;
  • How the project will deliver maximum impact and support for Victorian entrepreneurs and startups/scaleups;
  • How the proposal will strengthen ecosystem collaboration and diversity (including gender, cultural and economic);
  • Clearly articulated measures of success;
  • What the ongoing sustainability of the program is beyond any potential LaunchVic contribution; and
  • Whether the project team meet can satisfy credible project planning, management, leadership experience and resourcing requirements (including financial and infrastructure).

Scope

Fostering a more collaborative and linked network of co-working spaces, incubators and accelerators.

  • Enhancing diversity by improving access to, or participation in, the startup ecosystem for a currently under-represented grouping.
  • Encouraging the clustering of infrastructure and activities (Launchhubs) that build capacity and connectedness within the startup community and focal points to lift global visibility and brand Victoria as a regional startup powerhouse.
  • Building capability through improved education programs, mentoring and better access to global networks and capital.
  • Supporting startup infrastructure in areas where Victoria has a unique cultural or competitive advantage on the world stage such as CreativeTech, SportTech, HealthTech, FoodTech and EduTech.
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