LaunchVic supports a globally recognised, thriving startup culture, and supports entrepreneurs to develop and grow businesses.

Round Two

LaunchVic announced the successful recipients of Round Two grant funding on 31 January 2017.

Learn about Round 2 recipients

$60 million invested over 4 years into the development of Victoria’s startup ecosystem.

Our vision is for Victoria to be the number one destination for startups and entrepreneurs in Australia.

Our mission

Create tomorrow’s growth and prosperity, today, by accelerating connections between people and ideas across business and society, to create the innovations, technologies, goods, services and jobs of tomorrow.

What we do

LaunchVic works in partnership with entrepreneurs, industry, business, the community and our educational institutions to strengthen Victoria’s entrepreneurial and startup ecosystem.

Our focus is to invest in the infrastructure of Victoria’s startup ecosystem to:

Increase Scale

More people, firms and entrepreneurial activity.

Improve Capability

Better, more capable startups and entrepreneurs.

People experiment with Virtual Reality headsets from Deakin motion lab at the All Above Human conference

Over the next four years LaunchVic will focus on a comprehensive program, including:


Expanding the capacity of accelerators and infrastructure in Victoria.


Entrepreneur mentoring, scholarships and corporate placement programs.


Helping entrepreneurs find ways to better navigate the system.


Events and marketing campaigns to profile Victoria’s startups locally, and ecosystem internationally.

Overseas Talent

Attracting high profile entrepreneurs and global thought leaders to Victoria.

Government Policy

Advocacy around Commonwealth legislation and regulation affecting startups and entrepreneurial enterprises.

Our key priorities

+ Working collaboratively with the startup community to ensure the ecosystem responds to what entrepreneurs, financiers and key players in the system actually need and want.

+ Funding grants to build the startup ecosystem’s infrastructure including a network of incubators and accelerators to help transform great ideas into viable startups.

+ Working with others to build momentum, connections, mentoring, and ambassadorial relationships in and beyond our startup community — showcasing Melbourne to the world, and bringing the best of the world to Melbourne.

+ Building entrepreneurial skills.

+ Pursuing and identifying immediate opportunities in Victoria’s high growth industry sectors.

Entrepeneurs meet with goverment officials for the announcement of Launch Vic at Inspire9

Victoria — a global centre for startups

Victoria has all the ingredients to become a global centre for startups.

+ We have a dynamic and thriving startup ecosystem;

+ We are known for our creative excellence and high performing education system; and

+ Melbourne is the world’s most liveable city for five years running.

The Australian tech startup sector alone has the potential to contribute an estimated $109 billion, or 4% of GDP. [1]

[1] “The startup economy: How to support tech startups and accelerate Australian innovation” 2013 PwC.

Victoria’s strong track record

Victoria has a vibrant ecosystem for startups and has runs on the board in transforming startups into high growth firms — already three ‘unicorns’ have emerged (,, and, each valued at more than $1 billion — more than any other State in Australia.

About LaunchVic

The Minister for Small Business, Innovation and Trade, Philip Dalidakis announced the creation of LaunchVic to be an independent company that will accelerate startups, drive new ideas and create jobs in Victoria.

Philip Dalidakis MP

Minister for Small Business, Innovation and Trade

Launch Vic

Elana Rubin

Deputy Chair LaunchVic

Dr. Kate Cornick

CEO LaunchVic

LaunchVic will be led by a world-class board of directors, with experience and commercial success ranging across many disciplines and businesses in international startup scenes.

Elana Rubin

Holds a number of board positions, including Mirvac Group MLC

Jo Burston

Founder, Rare Birds; Managing Director, Job Capital

Tim Fawcett

Director Corporate and Government Affairs, Cisco Systems Australia

Anne Bennet

Executive General Manager Business Transformation – Product & Markets , National Australia Bank

Con Frantzeskos


Phillip Kingston

Founder and Managing Director, Trimantium Capital

Catriona Larritt

Chief Commercial Officer, Jetstar Group

Rachael Neumann

Managing Director Australia, Eventbrite

Kee Wong

Managing Director, e-Centric Innovations

Susan Wu

Head, Stripe Australia and New Zealand

Government’s commitment

The Victorian Government made an election commitment to establish a new startup entity that would support entrepreneurs to develop and grow businesses.

Established as an independent company, LaunchVic will have access to $60 million over the next 4 years.

Victoria State Goverment

LaunchVic Round Two Funding Program is now closed.

The successful recipients were announced on 31 January click here to read the media release.

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