Frequently Asked Questions

Got questions? Check our FAQ’s for more information on our funding and grants rounds, what we do and the programs we’ve funded.  

Funding and grants

  • No, sorry, our funding rounds are targeted specifically to address needs and capitalise on the strengths of the current startup ecosystem in Victoria. Programs that do not fit our criteria (as described out in the Funding Guidelines under each round) are ineligible to apply.

  • Yes, it is possible to submit more than one application, however we strongly recommend you focus on one outstanding application that clearly demonstrates how you and your team can strengthen the startup ecosystem in Victoria.

  • Yes, unsuccessful applications can be re-submitted through the LaunchVic online application system, as long as your program is still eligible under the new round guidelines. All re-submitted applications must be revised to address the key assessment criteria for the new round.

  • Maybe. Some current recipients of LaunchVic funding may be eligible to apply in new rounds. Check the Funding Guidelines and FAQs PDF for the specific Funding Round to confirm your eligibility.

  • It depends. LaunchVic will continue to provide frequent funding opportunities, including grant rounds, to support programs that will grow the local startup community. Funding opportunities will address specific needs or gaps in the ecosystem, like increasing diversity and inclusion or capitalising on our strengths as a state.

  • Maybe. But above all, we are focused on providing support to founders and investors, and addressing any identified market failures inhibiting the growth of the startup ecosystem in Victoria. Between 2017 – 2019 our programs will be dictated by the evolution of the ecosystem itself and what our continued research tells us it needs to continue to flourish.

About LaunchVic

  • LaunchVic wants to help Victoria’s startup ecosystem reach its full potential as a diverse and internationally recognised centre of startup activity. While we’re responsible for supporting the startup ecosystem, the ecosystem wouldn’t exist without founders and investors. We want to see more founders with big ideas and global reach; we want to develop a stronger investor community, we want to work with existing founders to ensure they have the best chance of success and we want startups to be better connected to corporates.

  • We know the word ‘startup’ can mean different things to different people. Our definition of a startup is a business with high impact potential that uses innovation and/or addresses scalable markets. Startups are not limited to just tech; we support high-growth businesses right across the economy. They aren’t small or micro businesses, or businesses with a small number of employees. Successful startups, also known as ‘scaleups’, are important in a startup ecosystem because they contribute to the economy and provide valuable role models for budding entrepreneurs.

  • No, not directly. LaunchVic invests in the infrastructure of the startup ecosystem that in turn supports startups and startup entrepreneurs in Victoria. Our role is to enhance competition, collaboration, and quality in the ecosystem, and advocate for the sector. LaunchVic is specifically looking to invest in programs that help startups scale their businesses.

  • The startup ecosystem is made up of founders, investors, startup employees, community organisations, corporates and government. Working together, we can collectively create a pipeline of successfully scaling startups that contribute to jobs and Gross Domestic Product.

Programs

  • LaunchVic invests in organisations that deliver education, acceleration, incubation, mentoring, competitions, events or other programs that support Victorian startups with high-impact potential, that use innovation and/or address scalable markets.

  • You can find the details of the programs we’ve funded and how to apply in the Startup Resources section of this website.