Round one: LaunchVic Funding recipients

Victoria’s startup community has received a $6.5 million boost, with the first round of LaunchVic grants supporting 18 projects across the state.

The projects range from large ideas for startup hubs, incubators and accelerators, to smaller ideas enabling established organisations to increase their scale, reach and impact.

Round one

The first class of 2016 – Group shot of LaunchVic Board Members with Minister Dalidakis and representatives of the success grant recipients from Round One (scroll over the picture to reveal who’s who)

Read a short synopsis on each recipient below – click here to read the media release.

Round One Funding Grants

Small Ideas

Bright Sparks

RMIT University
Funding: $100,000

Bright Sparks is a leadership program to inspire, connect and prepare the next generation of female entrepreneurs in Victoria. Female students, alumni and staff at RMIT will be given a head start in business through a network of Australian and international mentors and an intensive leadership program in San Francisco.

Digital marketing makerspace

Western BACE
Funding: $50,000

The only combined co-working space and business accelerator in Western Melbourne’s Growth Corridor will receive funding to create the “Digital BACE marketing makerspace”. Local startups will be given expert support to use 3D printing, virtual reality software, computers and video cameras for marketing activities.

Employment based social enterprise pipeline

Social Traders
Funding: $100,000

Focusing on jobs for people facing barriers to work - in Melbourne, Ballarat and Wodonga - this program will strengthen the pipeline of accelerator-ready social enterprise ideas through workshops, networking events, clinics and pitch fests targeting women, youth and multi-cultural groups.

Fintech Melbourne

Funding: $30,000

Fintech Melbourne is a community run organisation for the benefit of the Victorian fintech community. It is Australia's largest fintech community with 1800 members and provides tremendous value and support to the local ecosystem. This has all been accomplished through volunteer efforts but due to the scale of events, support is required to make Fintech Melbourne sustainable in the long term.

Launch Clubs

The Foundation for Young Australians
Funding: $75,000

Launch Clubs aims to harness the energy and passion of young Victorians and build a network of local hubs, based in regional communities, where young people develop the skills and capabilities to test and launch their own enterprises. There is an urgent and vital need to support young people in regional Victoria to develop entrepreneurial skills that can open pathways to self-employment, job creation and the revitalisation of regional economies. Launch Clubs will be trialed in Bendigo and Traralgon and is designed so the model can be scaled State-wide.

Lemonade Stand: startups for kids

Collective Campus
Funding: $100,000

Lemonade Stand is a two-day business building and entrepreneur program for 9-12 year olds, currently run during school holidays. LaunchVic funding will help expand the program into schools and online, significantly increasing the scale and reach of the program and inspiring a new generation of young entrepreneurs.

Young Entrepreneurs Mentoring Scheme

iGen Foundation
Funding: $70,000

Young Entrepreneurs Mentoring (YEM) pilot provides 15-30 year olds with entrepreneurial skills and knowledge as well as the networks to help them unlock doors to new business opportunities.

Large Ideas

A world class tech and startup destination

Convenory Campus
Funding: $200,000

Convenory Campus aims to build a world class tech and startup destination featuring share-laboratories, conference facilities, hardware assembly, on-demand childcare and co-working zones. LaunchVic funding will lay the foundation for the Convenory team to bring their vision to reality.

Australian Sports Technologies Network

Australian Sports Technologies Network Ltd
Funding: $280,000

Melbourne is a world leader in sport – now the aim is to make Melbourne the world leader in sports technology. LaunchVic funding will enable an entrepreneur-in-residence - supporting 15-20 sports tech startups over a two year period – as well as development of a best practice playbook and hosting of a World Championships for Sports Analytics.

Cybersecurity Incubator

Dimension Data
Funding: $450,000

Dimension Data and Deakin University will set up a cyber security incubator in order to accelerate the development of unique cyber security solutions and intellectual property. Located at Deakin’s Waurn Ponds campus, the incubator will help address the burgeoning skills shortage in the Australian cyber security industry.

Dream Factory makerspace

Inspire9
Funding: $650,000

Co-working business Inspire9 will establish a makerspace in the new Dream Factory building in Footscray, providing startups, entrepreneurs, artists and hobbyists with access to facilities such as 3D printing, digital sewing, laser cutting and a virtual reality lab. The aim is to unlock digital manufacturing capacities in a region that has seen traditional manufacturing in decline.

Harnessing the experienced economy

Fifth Institute
Funding: $200,000

Startups aren’t just for the young. The Fifth Institute aims to lift the number and success rate of startups emerging from the experienced economy (those aged 50 and over). This will tap into the emergence of ‘seniorpreneurs” as the fastest growing segment of new business owners in Australia.

Launching agtech startups

Rocket Seeder
Funding: $675,000

A startup accelerator program focusing on supporting innovation in agricultural technology, Rocket Seeder will support motivated agtech entrepreneurs with a comprehensive coaching program and will connect them with mentors, industry partners, and investors. Linking city and country, there will be a Melbourne-based hub with programs initially in Shepparton, Sale, Geelong, Bendigo, Ballarat, Colac, Horsham, Wondonga, Mildura and Warrnambool.

Regional Accelerator Program

La Trobe University
Funding: $1 million

A regional accelerator program, led by La Trobe University and including Federation and Deakin Universities, will harness the best and brightest minds of regional Victoria to boost the economy and agricultural jobs. Participants will have access to funding, office space, structured mentoring programs, networking and local, national and international pitching opportunities.

Runway

Funding: $1.25 million

This major startup initiative in Geelong will act as a catalyst for innovation in the region, creating new businesses and jobs through the provision of mentoring, networks, training and access to venture capital. Its objective is to launch a startup culture in Geelong that will establish the city as a global centre for innovation and entrepreneurship.

StartupBootCamp Melbourne

Startupbootcamp
Funding: $600,000

Startupbootcamp, the world-renowned accelerator network has received LaunchVic funding to develop and scale startups in the fields of Internet of Things (IoT) and Data Tech. With a planned launch in 2017, Startupbootcamp will be inviting Asia-Pacific’s best IoT and data startups to come to Melbourne to join and boost the local ecosystem. Startupbootcamp accelerator programs offer startups access to a global investor and mentor network, which will encourage overseas corporations to look to Melbourne for IoT and data solutions.

LaunchVic Funding

Fintech Ecosystem

Fintech
Funding: $300,000

LaunchVic has entered into an exclusive partner arrangement with FinTech Australia to host the inaugural FinTech Australia conference in Melbourne in November this year. This will be the largest gathering of domestic and international FinTech players in the country and will be a major boost for the local community. In addition, LaunchVic in partnership with the Victorian Government and the FinTech community, will soon be developing a FinTech strategy to guide the development of, and investment in, the FinTech ecosystem in Victoria.

Startup Victoria

Funding: $300,000

LaunchVic has partnered with Startup Victoria to deliver two key projects for the Victorian startup community. The first involves developing a digital platform that will be a single source for the Victorian startup ecosystem to find information about events, jobs and funding opportunities. Startup Victoria will also undertake extensive mapping of the ecosystem providing deeper insights into the current state of the ecosystem and how we should direct our efforts to stimulate growth.

LaunchVic Grants

Small Ideas

Project Organisation Funding Description
Bright Sparks RMIT University $100,000 Bright Sparks is a leadership program to inspire, connect and prepare the next generation of female entrepreneurs in Victoria. Female students, alumni and staff at RMIT will be given a head start in business through a network of Australian and international mentors and an intensive leadership program in San Francisco.
Digital marketing makerspace Western BACE $50,000 The only combined co-working space and business accelerator in Western Melbourne’s Growth Corridor will receive funding to create the “Digital BACE marketing makerspace”. Local startups will be given expert support to use 3D printing, virtual reality software, computers and video cameras for marketing activities.
Employment based social enterprise pipeline Social Traders $100,000 Focusing on jobs for people facing barriers to work - in Melbourne, Ballarat and Wodonga - this program will strengthen the pipeline of accelerator-ready social enterprise ideas through workshops, networking events, clinics and pitch fests targeting women, youth and multi-cultural groups.
Fintech Melbourne Fintech Melbourne $30,000 Fintech Melbourne is a community run organisation for the benefit of the Victorian fintech community. It is Australia's largest fintech community with 1800 members and provides tremendous value and support to the local ecosystem. This has all been accomplished through volunteer efforts but due to the scale of events, support is required to make Fintech Melbourne sustainable in the long term.
Launch Clubs The Foundation for Young Australians $75,000 Launch Clubs aims to harness the energy and passion of young Victorians and build a network of local hubs, based in regional communities, where young people develop the skills and capabilities to test and launch their own enterprises. There is an urgent and vital need to support young people in regional Victoria to develop entrepreneurial skills that can open pathways to self-employment, job creation and the revitalisation of regional economies. Launch Clubs will be trialed in Bendigo and Traralgon and is designed so the model can be scaled State-wide.
Lemonade Stand: startups for kids Collective Campus $100,000 Lemonade Stand is a two-day business building and entrepreneur program for 9-12 year olds, currently run during school holidays. LaunchVic funding will help expand the program into schools and online, significantly increasing the scale and reach of the program and inspiring a new generation of young entrepreneurs.
Young Entrepreneurs Mentoring Scheme iGen Foundation $70,000 Young Entrepreneurs Mentoring (YEM) pilot provides 15-30 year olds with entrepreneurial skills and knowledge as well as the networks to help them unlock doors to new business opportunities.

Large Ideas

Project Organisation Funding Description
A world class tech and startup destination Convenory Campus $200,000 Convenory Campus aims to build a world class tech and startup destination featuring share-laboratories, conference facilities, hardware assembly, on-demand childcare and co-working zones. LaunchVic funding will lay the foundation for the Convenory team to bring their vision to reality.
Australian Sports Technologies Network Australian Sports Technologies Network Ltd $280,000 Melbourne is a world leader in sport – now the aim is to make Melbourne the world leader in sports technology. LaunchVic funding will enable an entrepreneur-in-residence - supporting 15-20 sports tech startups over a two year period – as well as development of a best practice playbook and hosting of a World Championships for Sports Analytics.
Cybersecurity Incubator Dimension Data $450,000 Dimension Data and Deakin University will set up a cyber security incubator in order to accelerate the development of unique cyber security solutions and intellectual property. Located at Deakin’s Waurn Ponds campus, the incubator will help address the burgeoning skills shortage in the Australian cyber security industry.
Dream Factory makerspace Inspire9 $650,000 Co-working business Inspire9 will establish a makerspace in the new Dream Factory building in Footscray, providing startups, entrepreneurs, artists and hobbyists with access to facilities such as 3D printing, digital sewing, laser cutting and a virtual reality lab. The aim is to unlock digital manufacturing capacities in a region that has seen traditional manufacturing in decline.
Harnessing the experienced economy Fifth Institute $200,000 Startups aren’t just for the young. The Fifth Institute aims to lift the number and success rate of startups emerging from the experienced economy (those aged 50 and over). This will tap into the emergence of ‘seniorpreneurs” as the fastest growing segment of new business owners in Australia.
Launching agtech startups Rocket Seeder $675,000 A startup accelerator program focusing on supporting innovation in agricultural technology, Rocket Seeder will support motivated agtech entrepreneurs with a comprehensive coaching program and will connect them with mentors, industry partners, and investors. Linking city and country, there will be a Melbourne-based hub with programs initially in Shepparton, Sale, Geelong, Bendigo, Ballarat, Colac, Horsham, Wondonga, Mildura and Warrnambool.
Regional Accelerator Program La Trobe University $1 million A regional accelerator program, led by La Trobe University and including Federation and Deakin Universities, will harness the best and brightest minds of regional Victoria to boost the economy and agricultural jobs. Participants will have access to funding, office space, structured mentoring programs, networking and local, national and international pitching opportunities.
Runway Runway $1.25 million This major startup initiative in Geelong will act as a catalyst for innovation in the region, creating new businesses and jobs through the provision of mentoring, networks, training and access to venture capital. Its objective is to launch a startup culture in Geelong that will establish the city as a global centre for innovation and entrepreneurship.
StartupBootCamp Melbourne Startupbootcamp $600,000 Startupbootcamp, the world-renowned accelerator network has received LaunchVic funding to develop and scale startups in the fields of Internet of Things (IoT) and Data Tech. With a planned launch in 2017, Startupbootcamp will be inviting Asia-Pacific’s best IoT and data startups to come to Melbourne to join and boost the local ecosystem. Startupbootcamp accelerator programs offer startups access to a global investor and mentor network, which will encourage overseas corporations to look to Melbourne for IoT and data solutions.

LaunchVic Funding

Project Organisation Funding Description
Fintech Ecosystem Fintech $300,000 LaunchVic has entered into an exclusive partner arrangement with FinTech Australia to host the inaugural FinTech Australia conference in Melbourne in November this year. This will be the largest gathering of domestic and international FinTech players in the country and will be a major boost for the local community. In addition, LaunchVic in partnership with the Victorian Government and the FinTech community, will soon be developing a FinTech strategy to guide the development of, and investment in, the FinTech ecosystem in Victoria.
Startup Victoria Startup Victoria $300,000 LaunchVic has partnered with Startup Victoria to deliver two key projects for the Victorian startup community. The first involves developing a digital platform that will be a single source for the Victorian startup ecosystem to find information about events, jobs and funding opportunities. Startup Victoria will also undertake extensive mapping of the ecosystem providing deeper insights into the current state of the ecosystem and how we should direct our efforts to stimulate growth.