Expression of Interest

Support For Victorian Angel Networks

EOI Open: 24 September 2019 view Guidelines
EOI Closed: 10am 12 November 2019
EOI Outcomes:  advised via email December 2019
RFI Issued: 13 December 2019 view Guidelines
RFI Outcomes: announced via LaunchVic Website
Contact: If you have a question regarding this program, please email programs@launchvic.org.

NOTE: LaunchVic received a number of quality applications under the first call for EOIs in 2019. At this stage there are no further plans on opening a second call for applications.

Building a robust Victorian Investor Community’ is a LaunchVic program based on research identifying that many early stage Victorian startups were unable to secure the capital they needed to grow. The program is designed to increase the number of Victorian based Angels by funding new Angel Networks and boosting existing Angel Networks. The objectives of this funding are to:

  • Increase startup’s access to early stage capital, by activating more formal Angel Networks; and
  • Increase the number of informed and active early-stage investors, by providing support for Angel Investors through formalised Angel Networks.

To support this program LaunchVic commissioned Bella Private Markets to develop a Best Practise guide to Angel Networks. A high level summary is available here and for the full report that includes a comprehensive assessment of considerations when setting up an angel network, guidelines for establishing the investment process and much more please email hello@launchvic.org.

In 2019, LaunchVic released an Expressions of Interest (EOIs) seeking applications from suitable existing angel networks and applicants who would formalise new angel networks. The successful EOI applicants were invited to submit a detailed proposal under a Request for Further Information (RFI) issued in December 2019. Successful RFI applicants will receive funding of up to $300k (exclusive of GST) over 2 years. Funds can be used for Operating Costs.

Introduction Video

Support For Victorian Angel Networks EOI

Find out why we're funding new Angel Networks and why boosting existing Angel Networks are important for Victoria's Startup Ecosystem in this video​ from LaunchVic's CEO, Kate Cornick.​

Videos

How to Support Local Startups

Our CEO, Kate Cornick spoke with Ticker TV recently. Angel investment in startups in Victoria has collapsed from $200m in 2017 to $90m the following year. So what needs to be done to support local startups get off the ground?