Grants for World Class Accelerator Programs
Supporting Programs that Grow More Scaleups
Grant Round Timeline
Round launched: 6 May 2022
Information Session: 25 May 2022 via Zoom Webinar [Register here]
Round Closes: 10:00am AEST 27 June 2022
Communications: to applicants moving to Stage 2 12 July 2022
Video Pitch Due: 25 July 2022
Virtual Q&A: via Zoom 1 August 2022
Due Diligence: requested information due in August 2022 (date TBA)
Communications: to applicants moving to Stage 3 24 August 2022
Contracting: we expect to contract successful applicants by early September 2022
Announcement: An announcement will follow once contracts executed
Victoria’s startup ecosystem is on the move
Catalytic initiatives funded by LaunchVic have fuelled above-average growth in Victoria’s startup ecosystem over the last four years.
- Victoria’s early-stage startup sector value has doubled year on year for the past two years and is now worth more than $10.5billion.
- Victoria is home to more than 2,700 startups – companies that use innovative business models and technology to grow fast and service global markets.
- There was a 35% increase in total early-stage funding over the last year.
- Health, Enterprise, FinTech, Data & Analytics, and Commerce are growing strengths and account for 50% of all startups.
To date, LaunchVic has successfully invested in a number of accelerators that have helped established startups to scale. The most successful programs have driven the growth of Victorian startups, supported access to capital and created high-value jobs. In addition, the most successful accelerators have supported the ecosystem more broadly through additional offerings including events, founder office hours, the establishment of funds, investor engagement etc.
LaunchVic is seeking to add more world-class accelerator programs to Victoria, which in turn will allow more scaling startups to access accelerator services.