Our Ecosystem - LaunchVic
Map of Victoria

Our ecosystem

Victoria is home to more than 3,200 startups – technology-driven companies that use innovative business models and technology to grow quickly and service global markets.

The enterprise value of Victoria’s entire startup ecosystem (including startups, scaleups and unicorns) is now $91 billion – Victoria’s startup ecosystem is now the same size as Tel Aviv in 2016.

Melbourne’s early-stage Ecosystem Value has increased by 56 per cent in the past year  – up from $23.6 billion (AUD) to $36.9 billion (AUD).


of the 3,200 Victorian startups close to one third have been directly supported through a LaunchVic funded program.


is the value of Victoria’s early-stage ecosystem, up from $1.6b in 2016


people are currently employed in the sector


job growth rate was achieved over 2018-20

Early-stage ecosystem value

Victoria's Strengths


AgTech uses digital technology to provide the agricultural industry with the tools, data and knowledge to make more informed and timely on-farm decisions.

Explore AgTech


HealthTech is Victoria’s joint largest sub sector, home to unicorns PolyNovo, Mesoblast, Clinuvel and Telix Pharmaceuticals.


Explore HealthTech


Melbourne’s famous sporting precinct in Richmond is just a stone’s throw from the headquarters of some of our top SportsTech startups.

Explore SportsTech


Freshly minted unicorns like Zeller and Judo Bank are quickly establishing Victoria as a global FinTech hub.

Explore fintech

There are currently 19 Victorian unicorns, with a combined valuation of $66.3 billion.

Support for regional innovators

While 25% of Victoria’s population resides in the regions, LaunchVic’s 2020 ecosystem mapping showed only 7% were based in regional Victoria.

To help more regional innovators to start up, LaunchVic funds a range of initiatives across Victoria including community meetups, founder education and pre-accelerator programs.


Active government support to grow your startup

Alongside our flagship programs 30X30 and CivVic Labs, LaunchVic partners with world-class organisations to deliver accelerators, incubators, workshops, events and more to a diverse range of startup founders in Victoria. Check out our Programs page to connect to a wide variety of LaunchVic-funded activity.


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