Learn more about Victoria’s $91 billion startup sector.
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Connect with a wide range of LaunchVic programs fuelling the startup state.
Discover grant opportunities to grow startup activity in Victoria.
LaunchVic’s investments are set to unlock up to $280 million for the Victorian early-stage capital market by 2024. Learn more about our work growing Victoria’s investor community.
Victoria is home to more than 2,950 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.
While Melbourne’s early-stage ecosystem value (excluding scaleups and unicorns) is now $23.6 billion – an increase of 125% from $10.5 billion in 2021, and over 10x larger than the $2.21 billion in 2018.
Early-stage ecosystem value
AgTech uses digital technology to provide the agricultural industry with the tools, data and knowledge to make more informed and timely on-farm decisions.
1 in 5 startups are working in HealthTech, making it Victoria’s largest startup sub-sector.
Melbourne’s famous sporting precinct in Richmond is just a stone’s throw from the headquarters of some of our top SportsTech startups.
Freshly minted unicorns like Zeller and Judo Bank are quickly establishing Victoria as a global FinTech hub.
While 25% of Victoria’s population resides in the regions, LaunchVic’s 2020 ecosystem mapping showed only 3% 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.
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.
