LaunchVic is once again looking for Victorian startups with the potential to reach unicorn status – worth more than $1 billion – as part of the 30X30 program in 2025. 30×30 has expanded into a fourth cohort to include another 10 startups in the executive leadership program, which helps develop and mentor scaleup founders and… Read more »
Victorian startups will have eight new early-stage venture capital (VC) funds to hit up for cash, seeded with $300,000 each from LaunchVic. All up, $2.4 million in grants will go to the VCs, including some from Sydney, to open shop in Victoria. They are: Australian Medical Angels, Ecotone Partners, Era VC, Flying Fox Ventures, Mandalay… Read more »
Crowdfunding platform Birchal has launched an angel network platform, with backing from LaunchVic. Birchal First is designed to connect angel investors with early-stage Victorian startups in the hardware technology space, investing from pre-seed to Series A. The roll out has been underpinned by a $300,000 grant from LaunchVic and is the 10th angel network the… Read more »
Workplace talent management platform SeenCulture has raised $1 million in a round backed by LaunchVic’s Alice Anderson Fund for female founders. The software startup helps management make smarter, fairer and faster decisions around employee issues such as promotions, performance/pay reviews, and team design. Founded in 2023 by psychologist Nikki Tugano, it currently serves more than… Read more »
The Australian Society for Medical Entrepreneurship and Innovation (ASME) is among seven organisations backed by LaunchVic as part of a $2.4 million program to create pre-accelerator programs to help aspiring founders understand startup life. ASME has partnered with MTPConnect to deliver the Australian Clinical Entrepreneur Program (AUSCEP) in Victoria. It offers clinicians the resources, mentorship… Read more »
Would-be startup founders seeking a helping hand to take their first steps to tackle important problems will have seven new ways to do it thanks to a series of pre-accelerator programs bankrolled in Victoria by LaunchVic. Seven new programs have received up to $400,000 as part of LaunchVic’s ‘Grants for Targeted Pre-accelerator’ program to offer… Read more »
To say that Dr Kyle Turner is an unusual person is an understatement. A jack of all trades – and master of many – the epidemiologist academic turned startup founder turned startup investor has lived many lives in his 39 years. Born in the rural town of Dubbo, NSW, Turner, a Wiradjuri man, followed in… Read more »
The Victorian government is doubling the size of its early-stage agtech fund to $2 million. The extra $1 million for the Hugh Victor McKay Fund, run by LaunchVic, follows the initial $1 million commitment revealed last year. The fund offers up to $200,000 to early-stage Victorian agtech startups, so the new funding doubles the potential… Read more »
The Victorian government has put another $1 million on the table as part of a grants program for agtech startups. Agriculture minister Ros Spence said the AgTech Grants program, delivered by the government-backed startup agency LaunchVic, offers $50,000 to startups. The grant provides founders with dedicated mentoring from startup experts to build their businesses and seize… Read more »
Melbourne VC firm Skalata has a new investor in LaunchVic, which has backed the seed fund with $900,000. Skalata, chaired by former Toll boss Paul Little, has been a highly active in early capital for nascent startups, making 70 investments across two funds since its l. LaunchVic will invest directly into the fund manager overseeing… Read more »
Press Play is a pre-accelerator program for women looking at stepping outside their corporate, scaleup or startup jobs to become a startup founder. It’s designed to take them from employee to entrepreneur in 12 weeks. Thanks to the support of LaunchVic and several other supporters there are 100 scholarship, valued at $4,700 each, available for… Read more »
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… Read more »
The Victorian government’s startup arm, LaunchVic, has a new bucket of grants of up to $300,000 for specialised angel networks to invest in pre-seed and seed rounds in the state. LaunchVic CEO Dr Kate Cornick said the new grant round would work to inject more capital into the market when early-stage funding in Victoria remained… Read more »
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 »
SBE Australia will expand its services supporting women entrepreneurs in Victoria thanks to support from LaunchVic. The state government-backed startup agency is provided a $100,000 grant towards the development of SBE Advisory, to ensure that women-led businesses are receiving much needed independent, bespoke advice and more tailored solutions needed to amplify their growth and scale.… Read more »
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