LaunchVic supports a globally recognised, thriving startup culture, and supports entrepreneurs to develop and grow businesses.

Applications for round one of funding are now closed.
We will advise when future funding rounds are open.

$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.

Our mission

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:

Increase Scale

More people, firms and entrepreneurial activity.

Improve Capability

Better, more capable startups and entrepreneurs.

People experiment with Virtual Reality headsets from Deakin motion lab at the All Above Human conference


Over the next four years LaunchVic will focus on a comprehensive program, including:

Support

Expanding the capacity of accelerators and infrastructure in Victoria.

Mentoring

Entrepreneur mentoring, scholarships and corporate placement programs.

Access

Helping entrepreneurs find ways to better navigate the system.

Visibility

Events and marketing campaigns to profile Victoria’s startups locally, and ecosystem internationally.

Overseas Talent

Attracting high profile entrepreneurs and global thought leaders to Victoria.

Government Policy

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.

Entrepeneurs meet with goverment officials for the announcement of Launch Vic at Inspire9

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. [1]

[1] “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.

realestate.com.au seek.com.au carsales.com.au

About LaunchVic

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



Launch Vic

Ahmed Fahour

Chair LaunchVic

Elana Rubin

Deputy Chair LaunchVic

Dr. Pradeep Philip

CEO LaunchVic


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.

Ahmed Fahour

Managing Director and Group CEO, Australia Post

Elana Rubin

Holds a number of board positions, including Mirvac Group MLC

Jo Burston

Founder, Rare Birds; Managing Director, Job Capital

Tim Fawcett

Director Corporate and Government Affairs, Cisco Systems Australia

Dominique Fisher

Executive Chair and Managing Director, CareerLounge Pty Ltd

Con Frantzeskos

CEO, PENSO

Phillip Kingston

Founder and Managing Director, Trimantium Capital

Jane Martino

Founder of Shout for Good; Head of Social Segment, ANZ Bank

Rachael Neumann

Managing Director Australia, Eventbrite

Kee Wong

Managing Director, e-Centric Innovations

Susan Wu

Head, Stripe Australia and New Zealand

Government’s commitment

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.

Victoria State Goverment

LaunchVic is open to new applicants who think they can help grow Victoria’s startup ecosystem.

Apply for Funding Read the Funding Guidelines


Get in touch