Grants - LaunchVic

Grants

Funding the startup infrastructure

LaunchVic drives the startup ecosystem by investing in organisations (service providers) that will deliver quality programs to support Victorian startups and investors.

We also partner with other departments and agencies to offer direct grants to founders in priority sectors.

If you have a question regarding LaunchVic funding, send us an enquiry using the form below.

Grants for Startups

MedTech Market Growth Program

Supporting Scaling Medtech startups to accelerate their pathways to market 

Overview

The MedTech Market Growth Program will provide $50,000 matched funding to up to 20 medtech startups and scaleups working on medical devices and diagnostic products. The funding will help to equip startups with the skills, services and resources they need to push their life-saving products to market. 

Delivered through a collaboration between the Australian Medtech Manufacturing Centre and LaunchVic, the new program will support Victorian medtech scaleups and startups to turn innovative ideas into real-life healthcare solutions. 

Timings for this grant round:

Round 1

  • Round launched: Wednesday 21 February 2024
  • Information Session: Thursday 7 March 2024 2pm – 3pm via Zoom webinar. Watch the recording.
  • Round Closes: Monday 8 April 5pm (AEDT)
  • Communications: To unsuccessful and applicants recommended for funding early May 2024
  • Contracting: contract execution with recipients expected early May 2024
  • Announcement: an announcement will follow once contracts are executed

Round 2

  • Round Closes: Monday 20 May 2024 10am (AEST)
  • Communications: To unsuccessful and applicants recommended for funding early-mid June 2024
  • Contracting: contract execution with recipients expected early-mid June 2024
  • Announcement: an announcement will follow once contracts are executed

View the Program Guidelines v2 issued 26 Apr 2024

Read the FAQs

Watch the Information Session

Apply Online

AGTECH GRANTS PROGRAM

Supporting Early-Stage AgTech Startups 

$50,000 grants for AgTech founders.

Timings for this grant round:

Grant Program launched:21 February 2023
Information Session:Thursday 2 March 2023 View the info session webinar
Upcoming Committee review dates:From July 1 2024

From September 1 2024

From November 1 2024

From January 1 2025

From March 1 2025

From May 1 2025
Assessment begins:        May 2023
Assessment timeline:Approximately 3 weeks
Closes:When all funds are fully allocated, or by June 30 2025
Announcement:Via the LaunchVic website

Overview

LaunchVic has again partnered with Agriculture Victoria to increase support for early-stage AgTech startups across Victoria by rapidly providing small amounts of working capital to help startups build capability and move to the next stage of growth.  

As well as providing funding to cover operating costs that build startup capability and growth for early-stage AgTech startups, the grant will provide access to business development services that will enable founders to access the best possible support and advice to build their businesses, grow jobs and support Victoria’s economic growth.    

View the Program Guidelines (v2.4 reissued 17 May 2024)

Watch the Information Session

Read our FAQs

Apply Online 

 

View A Sample Contract

Grants for Program Providers

Grants for AgTech Pre-accelerator Programs

This grant round closed Thursday 2 May 2024 10am

Supporting early-stage AgTech startup entrepreneurs and the creation of new Victorian startups.

Overview

LaunchVic is seeking to fund high-quality Pre-Accelerator Programming delivered by startup experts, specifically within the AgTech sector.

The successfully funded Program/s will build on the existing support in place for AgTech founders and continue to:

  • Support startup entrepreneurs in AgTech by helping them bring their startup idea to life, and/or continue developing their startup idea;
  • Increase the pipeline of startups being created across Victoria in the AgTech area; and
  • Increase the pipeline of quality startups entering other programs in Victoria.

Applicants will need to demonstrate a deep understanding of startup creation, have demonstrable experience creating and growing startups, and startup communities, and request grant funding for a program that can realistically help startups to grow within the AgTech sector.

Timings for this grant round:

Stage 1

  • Round launched: 5th April 2024
  • Information Session: Watch the recording.
  • Round Closes: 10am, 2nd May 2024
  • Communications: To unsuccessful and applicants moving to Stage 2 by 6th May 2024

Stage 2

  • Q&A Session: 9th May 2024
  • Communications: To unsuccessful and applicants moving to the next stage by the 17th May 2024
  • Contracting: Contract execution with recipients expected by 30th May 2024
  • Announcement: An announcement will follow once contracts are executed.

View the Program Guidelines

Read our FAQs

Unsolicited Proposals

In special circumstances, LaunchVic may accept unsolicited proposals for grants outside of its communicated grant rounds or its refunding of high-performing programs.

While we do not fund startups directly via unsolicited proposals, the programs we fund aim to provide the services needed to assist early-stage and scaling startups through their journey.

Any proposal received must meet the following principles:

  • Alignment with strategy: The proposal is strongly aligned with the LaunchVic Strategy.
  • Uniqueness: The applicant is uniquely placed to deliver the proposal.
  • Expertise: The applicant possesses the level of professional expertise required to deliver a successful outcome with minimal risk of failure.
  • Impact: The applicant has described an excellent program that has a genuine need by the target audience and will impact and benefit the Victorian startup ecosystem.
  • Need for funding: There is a credible need for LaunchVic funding.
  • Value for money: The program must be value for money.
  • Sustainability: The program has a pathway to sustainability, either by creating self-sufficiency or through supporting the startup ecosystem to be more sustainable.

Any proposal that does not meet all of these criteria will not be reviewed.

LaunchVic will endeavour to review all unsolicited proposals, and provide feedback, but is under no obligation to do so.

Any proposal considered appropriate for funding will undergo further assessment and due diligence in accordance with the process for all grants awarded by LaunchVic.

Any approved applicants must also undergo due diligence by LaunchVic.

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