LaunchVic helps Victorian startups to take the next step with VC Catalyst

Dr. Kate Cornick, Chief Executive Officer of LaunchVic

The Victorian Government is backing young high-growth startup companies by helping investors to understand how to invest and support early-stage startups to scale.

LaunchVic will support 75 potential startup investors via an investor education program to build angel investor capabilities and unlock more capital for Victorian founders.

Delivered by the Wade Institute of Entrepreneurship at the University of Melbourne, the immersive VC Catalyst course focuses on providing the next wave of venture investors with the knowledge, skills, confidence and networks to invest in early-stage startups.

They have supported over 60 investors to unlock a collective $15m in startup investment.

VC Catalyst success stories

New participants will join the ranks of prominent alumni like Adore Beauty and Glow Capital Partners Co-Founder Kate Morris, who invested in Victorian breast pump startup Milkdrop.

Kate Morris additionally was an early backer of alternative funding provider Tractor Ventures which was founded by fellow VC Catalyst graduates Aprill Allen and Jodie Imam.

Ms. Morris is one of a growing number of successful founders giving back to the economy.

Paul Bassat, a co-founder of SEEK who now leads venture capital firm Square Peg and Airwallex co-founder Jack Zhang launched venture capital fund Capital 49 are also alumni.

VC Catalyst pushes this cycle of startup creation to provide high-skill jobs in the state.

To learn more about the VC Catalyst program, visit wadeinstitute.org.au/vccatalyst.

The Victorian Government on the successful partnership

Jaala Pulford, is the Minister for Innovation, Medical Research and the Digital Economy.

“The Victorian Government, working in partnership alongside our startup agency LaunchVic, is backing our startup companies to drive economic growth and create jobs.”

“Early-stage investors play a big role in the startup sector as they are a force behind Australia’s greatest global tech success stories including Afterpay, Airwallex and Culture Amp.”

Kate Morris is a VC Catalyst alumni and co-founder, Adore Beauty and Glow Capital Partners.

The program lives up to its name, in that it catalyzes early-stage investment by equipping investors with the knowledge and tools they need to be effective investors.”

LaunchVic’s Chief Executive Officer, Dr. Kate Cornick offered additional insights.

“Activating investors and ensuring they have the connections and knowledge to make successful startups is a powerful approach to close the early-stage funding gap in Victoria.”

Wade Institute’s Director of Innovation and Enterprise, Nick Kaye expounded on the aspect.

“We are thrilled to see our alumni making an impact and are proud to continue our partnership with LaunchVic to deliver the next generation of Victorian startup success stories.”