LaunchVic launches funding round to support Victorian startup accelerators

Dr Kate Cornick, Chief Executive Officer at LaunchVic

LaunchVic has opened a new grant round to establish more world-class accelerator programs for Victorian founders. Grants of up to $2m are available to experienced accelerator program providers to deliver either generalist or sector-specific programs over the next three years.

What will the grant be used for?

The funding will be rolled out to meet the demand of Victoria’s growing startup community. With over 2,600 startups calling Victoria home, LaunchVic CEO Dr Kate Cornick said the need for tailored support, mentorship and networking opportunities is greater than ever.

“We are funding more accelerator programs to upskill founders to grow their startups, incuding becoming investment ready. It’s our hope that this ground round attract competitive program providers with a proven track record of building the capabilities of aspiring founders. This will ensure the support in place keeps pace with our rapidly growing ecosystem.”

What is LaunchVic’s expertise in accelerator programs?

Since 2016, LaunchVic has invested in 19 accelerator programs, which have supported over 600 startup founders. One example is Startmate, a leading accelerator which has has already supported more than 130 startups in Australia and New Zealand. These startups have since grown to a combined valuation of more than $1bn and created more than 1,500 jobs.

Applications are open to new accelerator teams or programs that already exist in Australia or globally. Applications close on Monday, 27 June 2022. To view guidelines, visit launchvic.org