LaunchVic Strategy 2024-2028

The purpose of LaunchVic is to drive the long-term success of Victoria’s startup sector.

Our priorities in 2024-2028 include driving awareness and advocacy through events and campaigns; helping founders and their teams start, grow and scale global businesses; and continuing to develop the private early-stage investor landscape.

Targeted grant rounds will continue along with LaunchVic’s successful 30X30 program and CivVic Labs.

New focus areas for LaunchVic include working with Victorian universities to boost startup creation and a new program called Basecamp set to launch in February to help seed to Series A founders make their first executive hires.

Victoria’s investment landscape will continue to be supported through the funding of a new investor education program, angel networks, and early-stage VC funds.

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New Strategy FAQ’s

What priorities does the strategy address?

Our new strategy is focused on delivering programs, grants and other initiatives that: 

  • Drive awareness and advocacy through events and campaigns;   
  • Help founders and their teams start, grow and scale global businesses; and  
  • Develop the private early-stage investment landscape. 

Will there be grants available for startup service providers?

Yes, through the course of this four-year strategy targeted grant rounds will continue for third-party providers. 

Will there be grants available for startups?

LaunchVic may partner with other departments and agencies to offer direct grants to founders in priority sectors. For current opportunities, visit launchvic.org/grants 

What areas will you provide grants in?

Pre-accelerators, accelerators, investor education programs, angel networks, and early-stage VC funds.  

What programs will remain?

LaunchVic’s highly successful 30X30 and CivVic Labs are set to continue. 

What is new?

New initiatives focus on supporting Victorian universities to boost startup creation, along with a new founder program called Basecamp set to launch in February to help seed to Series A founders make their first executive hires.   

Will the Alice Anderson and Hugh Victor McKay Fund continue?

LaunchVic will continue to operate and seek further funding for the Alice Anderson Fund (women) and Hugh Victor McKay Fund (agtech). 

Will LaunchVic accept unsolicited proposals?

LaunchVic will accept submissions of unsolicited proposals, but only where they meet the LaunchVIc’s unsolicited proposal principles set out on our website. In particular, the proposal must not offer a program (such as an accelerator, pre-accelerator, angel network or VC Fund) that could be offered by another party.  

What is a startup?

LaunchVic defines a startup as an innovative, technology-based business that can scale rapidly and capture mass markets.

What is a scaleup?

A Scaleup is a hyper-growth startup that has raised at least AUD$5m in a single round and currently has at least 10 employees, no more than 20 years since founding and has a valuation of greater than AUD$30m.