New Wings For Victorian Investors To Help Local Startups Fly 

Last Updated: 25 September 2019

LaunchVic, the state government agency charged with growing Victoria’s startup ecosystem, is bolstering the state’s startup investor community with funding of $300,000 for local female-focused Angel Network, Scale Investors and a call for action to establish more formal Angel Networks.

The funding announcement comes in response to research released today, which highlights critical gaps in Victoria’s early-stage and angel investment landscape.

Commissioned by LaunchVic and conducted by globally recognised Venture Capital expert Dr Josh Lerner, the ‘Best Practices for Angel Groups’ report describes the current ‘valley of death’ for early-stage startups and highlights that while the dollar value of investments is growing, the total number of deals has stalled.