LaunchVic supports a globally recognised, thriving startup culture, and supports entrepreneurs to develop and grow businesses.
Applications for round one of funding closed on 6 May.
We received almost 400 applications for funding through that round.
We’ll be making announcements shortly about what the next steps are in bringing to life the great small and large ideas that will help grow our ecosystem.
$60 million invested over 4 years into the development of Victoria’s startup ecosystem.
Our vision is for Victoria to be the number one destination for startups and entrepreneurs in Australia.
Create tomorrow’s growth and prosperity, today, by accelerating connections between people and ideas across business and society, to create the innovations, technologies, goods, services and jobs of tomorrow.
What we do
LaunchVic works in partnership with entrepreneurs, industry, business, the community and our educational institutions to strengthen Victoria’s entrepreneurial and startup ecosystem.
Our focus is to invest in the infrastructure of Victoria’s startup ecosystem to:
More people, firms and entrepreneurial activity.
Better, more capable startups and entrepreneurs.
Over the next four years LaunchVic will focus on a comprehensive program, including:
Expanding the capacity of accelerators and infrastructure in Victoria.
Entrepreneur mentoring, scholarships and corporate placement programs.
Helping entrepreneurs find ways to better navigate the system.
Events and marketing campaigns to profile Victoria’s startups locally, and ecosystem internationally.
Attracting high profile entrepreneurs and global thought leaders to Victoria.
Advocacy around Commonwealth legislation and regulation affecting startups and entrepreneurial enterprises.
Our key priorities
+ Working collaboratively with the startup community to ensure the ecosystem responds to what entrepreneurs, financiers and key players in the system actually need and want.
+ Funding grants to build the startup ecosystem’s infrastructure including a network of incubators and accelerators to help transform great ideas into viable startups.
+ Working with others to build momentum, connections, mentoring, and ambassadorial relationships in and beyond our startup community — showcasing Melbourne to the world, and bringing the best of the world to Melbourne.
+ Building entrepreneurial skills.
+ Pursuing and identifying immediate opportunities in Victoria’s high growth industry sectors.
Victoria — a global centre for startups
Victoria has all the ingredients to become a global centre for startups.
+ We have a dynamic and thriving startup ecosystem;
+ We are known for our creative excellence and high performing education system; and
+ Melbourne is the world’s most liveable city for five years running.
The Australian tech startup sector alone has the potential to contribute an estimated $109 billion, or 4% of GDP. 
 “The startup economy: How to support tech startups and accelerate Australian innovation” 2013 PwC.
Victoria’s strong track record
Victoria has a vibrant ecosystem for startups and has runs on the board in transforming startups into high growth firms — already three ‘unicorns’ have emerged (RealEstate.com.au, Seek.com.au, and CarSales.com.au), each valued at more than $1 billion — more than any other State in Australia.
The Minister for Small Business, Innovation and Trade, Philip Dalidakis announced the creation of LaunchVic to be an independent company that will accelerate startups, drive new ideas and create jobs in Victoria.
Philip Dalidakis MP
Minister for Small Business, Innovation and Trade
Deputy Chair LaunchVic
Dr. Pradeep Philip
LaunchVic will be led by a world-class board of directors, with experience and commercial success ranging across many disciplines and businesses in international startup scenes.
Managing Director and Group CEO, Australia Post
Holds a number of board positions, including Mirvac Group MLC
Founder, Rare Birds; Managing Director, Job Capital
Director Corporate and Government Affairs, Cisco Systems Australia
Executive Chair and Managing Director, CareerLounge Pty Ltd
Founder and Managing Director, Trimantium Capital
Founder of Shout for Good; Head of Social Segment, ANZ Bank
Managing Director Australia, Eventbrite
Managing Director, e-Centric Innovations
Head, Stripe Australia and New Zealand
The Victorian Government made an election commitment to establish a new startup entity that would support entrepreneurs to develop and grow businesses.
Established as an independent company, LaunchVic will have access to $60 million over the next 4 years.