#Launchvic
Victoria backs new Monash program to turn deep-tech research into commercial ventures
A new $400,000 LaunchVic-funded program will support at least 80 researchers to commercialise AI and deep-tech innovations over the next two years.
Victoria Government backing health startups
The Andrews Labor Government has announced new funding to accelerate the growth of Victoria’s health startups and capitalise on one of Victoria’s leading industries. Delivered by Victoria’s startup development agency, LaunchVic, the funding will support accelerator and education programs focused on the health sector – including medtech, biotech, pharma, health and ageing services and disability […]
Vic Govt to spend $2.9m on startup education
The Victorian Government will invest $2.9 million in educating thousands of Victorian startups though the state’s startup agency, LaunchVic. Sixteen service providers have been selected to run the education programs, with up to 2,000 places available to Victorian startup founders and their staff. The programs will vary in length and format, and include short courses, intensive […]
LaunchVic snapshot reveals $790 million has been raised by 385 startups over five years
A review of publicly available data on capital raises undertaken by Victorian startups and scaleups over the past five years shows that 385 firms closed 510 investment deals, worth a combined total of $790 million. Commissioned by LaunchVic, the dandolpartners review also found that: The median seed investment was $100,000 while the median angel investment […]
LaunchVic courting accelerators to fill the gap left by the scrapped 500 Startups program
LaunchVic, the Victorian Government’s startup investment agency, has made available a new round of funding to attract world-class accelerator programs to Melbourne. LaunchVic is seeking to invest up to $3 million per application in the very best Australian or international accelerators and teams with proven track records for running accelerators. LaunchVic CEO, Dr Kate Cornick […]
Two in three Victorian startups are exporters
A new report into Victoria’s startup landscape reveals that a majority of ventures are revenue positive within the first two years but are not giving thought to an exit strategy. Commissioned by LaunchVic in collaboration with Startup Victoria and dandolopartners the report – titled Mapping Victoria’s Ecosystem – defines a startup as any business with […]
Stemming the brain drain: meet the duo behind the new start-up hub for international talent
To stop a leakage of bright, entrepreneurial minds from Australia, chartered accountants Domenic Saporito and Gerard Holland have partnered on a venture that makes it easier for international students and graduates to break into the local start-up ecosystem. Holland has previously worked with middle-market and early-stage companies as a business advisor, while Saporito has a […]