Round X - Supporting Further Growth
Stage 1: Expression of Interest (EOI)
Opened: 7 February 2019
Information Session 1 (in-person): 10am – 11am Tuesday 19 February 2019 Completed
Information Session 2 (online): 11am – 12pm Thursday 28 February 2019 Completed
Information Session 3 (online): 10am – 12pm Tuesday 5 March 2019 Completed
Closed: 10am 21 March 2019
Communications: to unsuccessful and shortlisted applicants by 18 April 2019
Stage 2: Shortlisted Applicants
Project Plan, Pitch Presentation & Financial Reports : 30 April 2019
Pitch Day: 7 May 2019
Successful recipients announced: 16 August 2019
LaunchVic’s tenth funding grant round focused on capturing new ideas and initiatives to support the development of startup founders, entrepreneurs and investors in the Victorian startup ecosystem. Unlike LaunchVic’s recent grant rounds, this round was ‘open’ meaning there was no specific focus however applications needed to align with LaunchVic’s strategy. We wanted to hear from you about what you thought the Victorian startup ecosystem needed to support further growth.
Applications seeking funding for meetups, events, hackathons, educational courses, mentoring, bootcamps, incubator programs, accelerator programs were accepted. Other eligible programs outside of this list were also considered.
Programs needed to focus on one or more of LaunchVic’s strategic focus area streams: Diversity and Inclusion; Capability and Excellence; Leveraging Key Strengths; and/or Channel Development.
LaunchVic requested applications up to $250,000 per application. Organisations needed to demonstrate experience working with and delivering similar programs for startups and/or startup entrepreneurs or investors.
|Impact Investment Group (IIG)||Capability & Excellence (Investors)||Impact Angel Network||$250,000||The Impact Angel Network will connect pre-seed and seed stage startups with impact angel investors through:
1) an online deal flow platform to connect investors with appropriate startup investment opportunities
2) networking events and founder pitch sessions to facilitate direct connections between angel investors and startup founders; and
3) Educational workshops for both investors and startups to support increased investment into Victorian startups.
|Startup Victoria||Capability & Excellence||Growth Club||$232,000||Startup Victoria will establish peer-to-peer mentoring groups for Victoria’s most promising Scaling Startup founders and CEOs to share learnings and challenges and accelerate growth. Through Growth Club, Startup Victoria will support 50 Participants, through a program of peer-to-peer mentoring groups and educational workshops. The program will also capture insights into the challenges facing Victoria’s Scaling Startups.|
|Rampersand||Capability & Excellence and Diversity & Inclusion||Increasing Investment in Diverse Victorian founders||$250,000||Underfunding Diverse founders by VCs inhibits the success of the entire startup ecosystem. This program will identify, educate Diverse founders through events and a structured mentoring program. Where possible, Rampersand will bring these founders into their investment pipeline or other VCs with a view to securing investment. Through this program, Rampersand will also analyse and diagnose points where founders drop out of the process and publish and promote the findings to encourage greater investment into Diverse founders across the VC ecosystem.
|ygap||Diversity & Inclusion||ygap First Gens x Catalysr||$250,000||ygap will partner with Catalysr to run their pre-accelerator program in Victoria and deliver the ygap first gens accelerator program. ygap and Catalysr will leverage both organisations’ expertise and track-record to find the best migrant and refugee entrepreneurs and develop the skills they need and access capital to grow their startups. The program includes a pre-accelerator program that supports up to 60 migrant and refugee entrepreneurs and a full accelerator program supporting 12 early-stage startups from the pre-accelerator program.|
|Hume City Council||Diversity & Inclusion||StartNorth Migrant & Refugee Program||$46,000||StartNorth, Hume City Council’s startup space in Broadmeadows, will manage an accelerator program that will support up to 15 startup entrepreneurs from migrant and refugee backgrounds. Housed in one of Melbourne’s most diverse suburbs, StartNorth will partner with ygap who will deliver an accelerator program tailored to the needs of this demographic. ygap’s First Gens accelerator program supports migrant and refugee-led social impact ventures that are improving the lives of people living in disadvantage in Australia.|
|RMIT||Leveraging Key Strengths||MID Open Talent Pathways||$150,000||This project will increase the pipeline of startups and talent in HealthTech and SportsTech by targeting postgraduate students who are considering working in a startup or launching a startup. The curriculum will be codeveloped by the partners – RMIT, the University of Melbourne and the City of Melbourne. Participants will explore innovative deeptech solutions for real-world problems and market gaps within the health and sports domains and test their business ideas for IP and commercial viability. This Program will support up to 50 participants and will consist of an immersive bootcamp, educational program and mentoring.|
|Vumero||Leveraging Key Strengths (Sports)||Melbourne Sports Analytics Meetups||$10,000||This program will include meetups to support the Victorian sports data & technology ecosystem by providing a platform for innovative, and cutting-edge companies to present their ideas, concepts and products. The meetups will also provide a networking opportunity to create a collaborative environment and a way for people to get involved and hear about the latest progress in the sportstech industry.|