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.