Victorian Budget 2020/21

Multimillion dollar boost for the startup ecosystem

LaunchVic has welcomed the Government’s Victorian Budget 2020/21 announcing $186.2 million in funding to support the continued growth of Victoria’s startup ecosystem.

As part of the announcement, LaunchVic will receive $40 million over four years to continue its role as the State’s startup agency.

A further $60.5 million will go to the Victorian Startup Capital Fund - the first VC Fund of of Funds in Australia, along with $10 million for the Women Angel Sidecar Fund.

Find out more on the Budget initiatives below.

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