LaunchVic is on the lookout for extra startup accelerators to fund

Victorian startup company LaunchVic is providing grants of as much as $2 million to assist accelerator applications for native founders.

Functions for the grant program are actually open for knowledgeable accelerator program suppliers to ship both generalist or sector-specific applications over the subsequent three years.

LaunchVic CEO Dr Kate Cornick mentioned the necessity for tailor-made assist, mentorship and networking alternatives is larger than ever, so the brand new funding shall be rolled out to fulfill the demand of Victoria’s rising startup group.

“We’re funding extra accelerator applications to assist and upskill founders to develop their startups into scaleups, together with turning into funding prepared,” she mentioned. 

“It’s our hope that this newest floor spherical entice globally aggressive program suppliers with a confirmed observe file of constructing the capabilities of aspiring founders. This may make sure the assist in place retains tempo with our quickly rising ecosystem.”

Over the previous eight years, LaunchVic has invested in 19 accelerator applications, which have supported greater than 600 startup founders. They embody Startmate, which has gone on to shepherd and put money into greater than 130 startups within the ANZ ecosystems, which now have a mixed valuation of greater than $1 billion.

Functions are open to completely new accelerator groups or applications that exist already in Australia or internationally. They shut on Monday, June 27, 2022. 

Particulars at launchvic.org