Learn more about Victoria’s $103 billion startup sector.
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Connect with a wide range of LaunchVic programs fuelling the startup state.
Discover grant opportunities to grow startup activity in Victoria.
Learn more about our work growing Victoria’s investor community.
LaunchVic drives the startup ecosystem by investing in organisations (service providers) that will deliver quality programs to support Victorian startups and investors.
We also partner with other departments and agencies to offer direct grants to founders in priority sectors.
If you have a question regarding LaunchVic funding, send us an enquiry using the form below.
Supporting Scaling Medtech startups to accelerate their pathways to market
Overview
The MedTech Market Growth Program will provide $50,000 matched funding to up to 20 medtech startups and scaleups working on medical devices and diagnostic products. The funding will help to equip startups with the skills, services and resources they need to push their life-saving products to market.
Delivered through a collaboration between the Australian Medtech Manufacturing Centre and LaunchVic, the new program will support Victorian medtech scaleups and startups to turn innovative ideas into real-life healthcare solutions.
Timings for this grant round:
Round 1
Round 2
View the Program Guidelines
Read the FAQs
Watch the Information Session
Apply Online
Supporting Early-Stage AgTech Startups
$50,000 grants for AgTech founders.
LaunchVic has again partnered with Agriculture Victoria to increase support for early-stage AgTech startups across Victoria by rapidly providing small amounts of working capital to help startups build capability and move to the next stage of growth.
As well as providing funding to cover operating costs that build startup capability and growth for early-stage AgTech startups, the grant will provide access to business development services that will enable founders to access the best possible support and advice to build their businesses, grow jobs and support Victoria’s economic growth.
View the Program Guidelines (v2.3 reissued 6 Dec 2023)
Read our FAQs
View A Sample Contract
Supporting early-stage startup entrepreneurs and the creation of new Victorian startups.
LaunchVic’s support for early-stage startup founders continues with a new grants round for pre-accelerator programs that are sector specific or for underrepresented groups.
Grants of up to $400,000 are available to run programs that provide aspiring entrepreneurs with advice, support and networks to test out their startup ideas and find potential customers.
Focus areas for the programs may include a specific industry (eg. MedTech, ClimateTech), technology (eg. AI) or social demographic (eg. Under-represented founders).
Stage 1
Stage 2
Media Release
Catalysing early-stage startup investment
LaunchVic has announced new grants of up to $300,000 to fund the establishment of specialised angel networks that will invest in pre-seed and seed rounds of Victorian startups.
The new angel groups must demonstrate a specific investment focus that could be by way of an industry vertical or type of technology.
Timing
Funding for new venture capital funds
$300,000 grants to support new VC funds to establish in Victoria
Victoria is home to a small number of high-quality early-stage venture capital (VC) funds, including some that have been established with the support from LaunchVic through accelerator grants (e.g Skalata Ventures) or angel network grants (e.g. Archangel). Together, Victoria’s VC funds play an important role in growing the Victorian startup ecosystem. However, the increase in number of quality startups, combined with the continued lack of early-stage capital, is exacerbated by the lack of Victorian-based VC funds.
There is more work to do to help grow Victoria’s early VC investor landscape. By providing operational and establishment funding LaunchVic seeks to encourage the establishment of more, experienced VC funds in Victoria, providing avenues for investment for our growing early-stage startups.
View the Program Guidelines (v1.2 reissued 16 February)
Supporting emerging VC fund managers
Grants of up to $20,000 to enable emerging VC Fund Managers working at Victorian early-stage VC funds to travel internationally to undertake internships at global VC funds.
The internships will support emerging VC Fund Managers to develop their fund management skills and networks, and to build connections between local VC and global VC funds. This will help build the capabilities and ensure the competitiveness of the Victorian early-stage VC sector.
LaunchVic is committed to ensuring that the Victorian startup ecosystem reflects the rich diversity of the Victorian community. We encourage applications from emerging managers from diverse backgrounds.
View the Program Guidelines (v1.1 reissued 28 March)
In special circumstances, LaunchVic may accept unsolicited proposals for grants outside of its communicated grant rounds or its refunding of high-performing programs.
While we do not fund startups directly via unsolicited proposals, the programs we fund aim to provide the services needed to assist early-stage and scaling startups through their journey.
Any proposal received must meet the following principles:
Any proposal that does not meet all of these criteria will not be reviewed.
LaunchVic will endeavour to review all unsolicited proposals, and provide feedback, but is under no obligation to do so.
Any proposal considered appropriate for funding will undergo further assessment and due diligence in accordance with the process for all grants awarded by LaunchVic.
Any approved applicants must also undergo due diligence by LaunchVic.
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