Growing Victorian Angel Networks
Catalysing Early-Stage Startup Investments
Grant Round Timeline
Round launched: 2 May 2022
Information Session: 1:00pm – 2:00pm 18 May 2022 via Zoom Webinar [Watch the recording here]
Round Closes: 10:00am 15 June 2022
Communications: to applicants moving to Stage 2 24 June 2022
Video Pitch Due: 6 July 2022
Virtual Q&A: via Zoom 11 July 2022
Due Diligence: requested information due in July 2022 (date TBA)
Communications: to applicants moving to Stage 3 18 July 2022
Contracting: we expect to contract successful applicants by early August 2022
Announcement: An announcement will follow once contracts executed
Over the past two years, LaunchVic has provided funding to support the establishment of five successful new Angel Networks to help build a robust Victorian investor community and to unlock more capital for Victorian Startups. These networks are already playing an important role in developing the Victorian startup ecosystem – providing an avenue of funding for founders, supporting startup investors to syndicate, and providing capital in a structured and purposeful way at the critical early stages of startups’ journey. To date over 200 new investors have been recruited by these networks investing more than $5m into Victorian startups.
Despite this growth in formal angel networks, LaunchVic recognises that this number of angel groups is lower than in peer ecosystems. With a rise in investor education programs, there is also a growing number of informal syndications.
By providing operational funding and support LaunchVic seeks to encourage the formalisation of more angel networks, providing an opportunity for growth in early-stage investments in Victorian startups and an increase in the early-stage investor pool.