Spotlight On Victoria’s Growing Health Startups

Last Updated: Thursday, 10 May, 2018

The Andrews Labor Government has announced new funding to accelerate the growth of Victoria’s health startups and capitalise on one of Victoria’s leading industries.

Delivered by Victoria’s startup development agency, LaunchVic, the funding will support accelerator and education programs focused on the health sector – including medtech, biotech, pharma, health and ageing services and disability services.

Victoria’s health sector contributes $30 billion each year to the state and is the largest and fastest growing source of employment.

In Victoria, 11 per cent of startups and scaleups are health and wellbeing companies – yet these businesses are accounting for 26 per cent of startup jobs. This is disproportionately larger than any other industry in Victoria’s startup sector.