Growing Victoria’s StartupCommunityLaunchVic’s Strategic Focus 2017–2019

The Victorian Government established LaunchVic in March 2016 to

support the development and growth of the local startup ecosystem.

Since being established, we have run two successful funding

rounds, supporting 26 projects that will ensure the right startup

infrastructure is in place for Victorian startups and entrepreneurs

to grow their businesses.

We have also reviewed our strategy to ensure we are best placed

to provide more support to founders and investors, address any

identified market failures inhibiting the growth of the startup

ecosystem, and meet our goals of:

Engaging the Victorian

community in the

startup ecosystem.

What we have done

2 Positioning Victoria as an

internationally recognised

startup ecosystem.

1

Startup ecosystem highlights

Nov

2015

• LaunchVic announced

Jan

2016

• LaunchVic Board appointed

Apr

2016

• Round 1 funding opens

Sept

2016

• Round 2 funding opens

• Fintech Australia Collab/Collide

2016 Summit

Nov

2016

Aug

2016

• Round 1 recipients announced

Mar

2016

• LaunchVic established as a company

• Bright Sparks program launchDec

2016

Jan

2017

• LaunchVic engages with over

125 stakeholders across the

startup ecosystem

• Round 2 recipients announced

Mar

2017

• Girl Geek Academy

#SheHacksVic program launch

• Ecosystem mapping survey opens

• Round 2 recipient 500

startups announced

Apr

2017

• Western BACE Digital BACE

makerspace launch

• Runway Geelong launch

• Outcome-Hub launch May

2017

Feb

2017

• Pause Fest 2017

• Round 3 funding opens

• LaunchVic announces

revised focus

Watch this space!

June

2017

The startup ecosystem is made up of founders, investors,

startup teams, community organisations, corporates and

government. Working together, we can collectively create

a pipeline of successfully scaling startups that contribute

to jobs and Gross Domestic Product.

The startup ecosystem

LAUNCHVIC2017 TO 2019FOCUS AREAS

AS THE ECOSYSTEM GROWS,THE FUNNEL WIDENS

What we mean by startups

We know startups mean many di�erent things to di�erent

people, but it is important to have a shared understanding

of who LaunchVic supports.

Our definition of a startup is a business with high impact potential

that uses innovation and/or addresses scalable markets.

Startups are not limited to just tech. We support high growth

businesses right across the economy.

They aren’t small or micro businesses, or businesses with a

small number of employees – if you are one of these check

out Small Business Victoria.

Successful startups, also known as ‘scaleups’, are important

in a startup ecosystem because they contribute to the economy

and provide valuable role models for budding entrepreneurs.

While we have a vibrant and active startup community,

we need to do more to achieve our global potential.

LaunchVic’s role is to help grow and assist Victoria’s

startup ecosystem to achieve its potential as a diverse

and internationally recognised centre of startup activity.

We have developed a startup funnel, which outlines the

startup lifecycle and where LaunchVic is focusing its e�orts.

But founders and investors equally play an important role

in developing the ecosystem.

We want to see more founders with big ideas that have

global reach; we want to develop a stronger investor

community; we want to work with existing founders

to ensure they have maximum chance of success; and

we want startups to be better connected to corporates.

How can you help?

In refining our focus, we looked at globally competitive and leading ecosystems;

reviewed Victoria’s key strengths that could become major strategic advantages;

and spoke to more than 125 stakeholders from across Victoria’s startup ecosystem.

LaunchVic’s focus

GOALS OBJECTIVES

Engage and grow the Victorian startup community.

Leading with diversity and inclusion, support programs that encourage more new founders to engage with the Victorian startup community and start their own business.

Encourage connections and collaboration across the startup ecosystem, communicate Victoria’s strengths and raise awareness of opportunities across the ecosystem.

Position Victoria as an internationally recognised startup ecosystem.

Leverage key strengths in health and wellbeing to create a critical mass of startup expertise and achieve global recognition for our startup community.

Support the Victorian startup community to grow world-class companies, by supporting existing founders to scale up; encourage a stronger investor community; and attract talent.

Leading with diversity and inclusion, support programs that encourage more new founders to engage with the Victorian startup community and start their own business.

Increase the pipeline of founders.

Celebrate diversity.

Encourage connections and collaboration across the startup ecosystem, communicate Victoria’s strengths and raise awareness of opportunities across the ecosystem.

Greater recognition and understanding of the Victorian startup ecosystem.

Celebrate our successes!

Leverage key strengths in health and wellbeing to create a critical mass of startup expertise and achieve global recognition for our startup community.

Increase the pipeline of startups' focused on health services, medical and bio technologies, pharmaceuticals, sport and wellbeing.

Celebrate our successes!

Support the Victorian startup community to grow world-class companies, by supporting existing founders to scale up; encourage a stronger investor community; and attract talent.

Support existing founders as they scale their businesses.

Create a strong investor community.

Encourage more people to work in startups.

OUTCOMES

LaunchVic

Door 34, Goods Shed Village StreetDocklands Vic 3008

www.launchvic.org

@launchvic