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LaunchVic Unveils AU$4.9m To Boost Victoria’s Startup Sector

LaunchVic Unveils AU$4.9m To Boost Victoria’s Startup Sector

Featured image: LaunchVic Twitter 

The Andrews Labor Government has announced a AU$4.9 million boost for Victoria’s booming startup sector with Round 2 funding from LaunchVic – the state’s AU$60 million startup initiative.

Minister for Small Business, Innovation and Trade Philip Dalidakis joined LaunchVic Chair Ahmed Fahour and CEO Dr. Kate Cornick announced seven projects that will help support Victoria’s best entrepreneurs and high-growth businesses on 31 January 2017.

The Round 2 projects include initiatives that will increase the scale, accessibility and diversity of Victoria’s startup sector across a number of industries including health, education and technology.

Startups in Victoria’s regions are also big winners this round, with globally recognised Australian outfits Startmate and Girl Geek Academy running regional roadshows and bootcamps across regional cities including Geelong, Shepparton, Albury/Wodonga, Ballarat, the Latrobe Valley, Bendigo, Warrnambool and Warragul.

All grants in this funding round are matched with cash and in-kind investments that will result in a total investment of AU$11.6 million for Victoria’s startup sector. More information on the grant recipients can be found at www.launchvic.org.

The  announcement focuses on Round 2 recipients that are each receiving up to AU$1 million in funding. LaunchVic will unveil larger projects that will receive more than AU$1 million in the coming weeks.

“The calibre of programs funded through LaunchVic is a great example of why Victoria is fast becoming the location of choice for startups and tech business investment across the Asia Pacific. These are the programs that will help young companies and ideas develop to create jobs and industries that will support our state for decades to come,” said Minister Dalidakis. Dr. Cornick also expressed her excitement about opportunities for startups with LaunchVic: “LaunchVic works together with the entrepreneurial sector to drive solutions that will transition startups to future businesses. We will invest and partner in ideas, expertise and infrastructure to grow Victoria’s thriving startup ecosystem.”

Full list of LaunchVic Round 2 grant recipients (less than AU$1 million):

  • Startmate will run an exclusive two-year Victorian program to accelerate 16 startups including an annual regional tour to connect entrepreneurs with its leading Australian network.
  • Girl Geek Academy will present #SheHacks Victoria – the first state-wide hackathon exclusively for girls.
  • ACMI will extend its co-working space, ACMI X, into a creative tech laboratory.
  • Life will run a range of collaborative industry programs and internships to attract and retain international student graduate startups in Victoria.
  • Seeva will develop an innovation hub and incubator that supports startups and entrepreneurs to drive change within the disability and health sectors.
  • Frankston Foundry will grow a regional innovation hub that will provide a conduit between Melbourne’s startup ecosystem and the state’s southern regions.
  • Education Changemakers will facilitate education startup clusters through its Edupreneurs program, a three-day event and regional road show.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.