Expression of Interest

Support For Victorian Angel Networks

EOI Open: 24 September 2019
EOI Closed: 10am 12 November 2019
EOI Outcomes: advised via email w/c 18 November 2019
RFP Outcomes: announced via LaunchVic Website as contracted
Introduction video: view here
Contact: If you have a question regarding this program, please email programs@launchvic.org.

Relevant questions will be posted on the LaunchVic website under the Frequently Asked Questions (FAQs)

NOTE: LaunchVic plans on opening a second call for EOI applications later in the calendar year, as we understand that it may take time to formulate new Angel Networks. However, if there are quality applications received under the first call for EOIs to proceed to an RFP the second round may not occur.

LaunchVic seeks to build a robust Victorian Investor Community by funding new Angel Networks and boosting existing Angel Networks. The objectives of this funding are to:

  • Increase 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 has commissioned Bella Private Markets to develop a Best Practise guide to Angel Networks. A high level summary is available here but 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

LaunchVic is seeking Expressions of Interest (EOIs) from suitable Existing Angel Networks and applicants who will formalise New Angel Networks. The successful EOI applicants will be invited to submit a detailed Request for Proposal (RFP). Successful RFP applicants will receive funding of up to $300k (exclusive of GST) over 2 years. Funds can be used for Operating Costs. For more information including eligibility and assessment criteria, interested parties must read the Expression of Interest Guidelines. Applications are accepted online via the Expression of Interest Application Forms.

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?