Learn more about Victoria’s $103 billion startup sector.
In this section
Connect with a wide range of LaunchVic programs fuelling the startup state.
Discover grant opportunities to grow startup activity in Victoria.
Learn more about our work growing Victoria’s investor community.
Victoria is home to more than 3,400 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 $103 billion.
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).
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.
HealthTech is Victoria’s joint largest sub sector, home to unicorns PolyNovo, Mesoblast, Clinuvel and Telix Pharmaceuticals.
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.
Get real-time data and insights on the Victorian Startup Ecosystem with Dealroom Victoria
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.
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.