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LaunchVic cultivates and strengthens the startup ecosystem within the Australian state of Victoria. It constructs this ecosystem through strategic funding of accelerator programs, provision of extensive resources for founders across all growth stages, and facilitation of connections among key stakeholders including startups, investors, and program managers. The organization also conducts research and publishes insights to inform and guide ecosystem participants, offering various tailored programs to support new, growing, and scaling businesses.
Established in March 2016 by the Victorian Government, LaunchVic emerged from the insight that a dedicated, independent agency was crucial for fostering a robust and globally connected startup environment within the state. This governmental initiative aimed to address the nascent stage of the local startup landscape, recognizing the economic and innovation potential that a thriving entrepreneurial sector could unlock for Victoria.
LaunchVic serves a broad constituency, including aspiring and established startup founders seeking guidance and growth opportunities, individual and institutional investors looking for promising ventures, and organizations running startup programs. The company's long-term vision centers on cementing Victoria's reputation as a premier destination for innovation and entrepreneurship, ensuring a vibrant and supportive infrastructure for future generations of startups.
Key people at LaunchVic.
LaunchVic has 2 tracked investments across 2 companies. The latest tracked deal is $1.3M Seed in Yume Food Australia in January 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 29, 2024 | Yume Food Australia | $1.3M Seed | Charlie ILL | Pitzy Folk, Goodrich Group, Veolia |
| Aug 9, 2023 | Hal Systems | $850K Seed | Launchvic | — |