Learn more about Victoria’s $91 billion startup sector.
In this section
Connect with a wide range of LaunchVic programs fuelling the startup state.
Discover grant opportunities to grow startup activity in Victoria.
LaunchVic’s investments are set to unlock up to $280 million for the Victorian early-stage capital market by 2024. Learn more about our work growing Victoria’s investor community.
We build the capability and confidence of Victorians to create, scale and invest in startups
A new sidecar fund, the $1 million Hugh Victor McKay Fund, is now open for applications and will invest up to $200,000 into at least five early-stage startups in the next 12 months.
The fund is named after pioneering Victorian inventor Hugh Victor McKay, who patented the original combine harvester in the 1880s – widely credited as one of the most important agricultural innovations in recent history.
29 Oct 2023
New Program to Attract Venture Capital Funds to Victoria
post date: 29 Oct 2023
26 Sep 2023
Callout for Victoria’s next wave of unicorns
post date: 26 Sep 2023
23 Aug 2023
Victorian Startup Ecosystem Outperforms Growth Expectations
post date: 23 Aug 2023
Named after the founder of Australia’s first all-woman motor garage in the 1920s, the Alice Anderson Fund is a $10 million sidecar fund supporting women-led startups.
Our fund co-invests between $50,000 and $300,000 in early-stage deals put forward by investors to increase the funding pool available to Victorian women.
The enterprise value of Victoria’s entire startup ecosystem (including startups, scaleups and unicorns) is now $91 billion – Victoria’s startup ecosystem is now the same size as Tel Aviv in 2016.
Melbourne’s early-stage Ecosystem Value has increased by 56 per cent in the past year – up from $23.6 billion (AUD) to $36.9 billion (AUD).
Startups Start Here is a new campaign from LaunchVic promoting the Victorian Startup Ecosystem, and the people and the place that makes it great.
Read the stories of Victorian founders and investors that have grown here.
Explore the ecosystem with our interactive startup map.