Victoria has all of the ingredients to become a global centre for startups.
Startups are generally businesses in the early stages of development, many of which will have the potential for rapid growth, global aspirations and a focus on disruptive technology.
Melbourne is the world's most liveable city five times over, we have a vibrant and emerging startup ecosystem and we are known for our creative excellence and high performing education system.
On 27 November 2015 the Minister for Small Business, Innovation and Trade Philip Dalidakis launched Victoria's independent company called LaunchVic to support the ecosystem for local startup businesses and the rapidly growing startup sector in Victoria.
LaunchVic will work in partnership with entrepreneurs, industry, business, the community and our educational institutions to strengthen Victoria's entrepreneurial and startup ecosystem.
The Government has committed $60 million to the startup initiative through the Premier's $508 million Jobs and Investment Fund. It is a key component of the Government's integrated approach to driving investment, jobs growth and sustainable development in the Victorian economy.
LaunchVic's role is to improve system-wide performance of Victoria's startup ecosystem that increases scale (more people, firms and entrepreneurial activity) and improves capability (better, more capable startups and entrepreneurs).
Over the next four years LaunchVic will deliver a comprehensive program of work. At a tangible level this will include:
- marketing campaigns and events to profile Victoria's startups locally and the ecosystem globally;
- entrepreneur mentoring, scholarships and corporate placement programs;
- attracting high profile entrepreneurs and global thought leaders to Victoria
- expanding the capacity of accelerators and other infrastructure in Victoria
- advocacy around Commonwealth legislation and regulation affecting startups and entrepreneurial enterprises; and
- helping entrepreneurs to better navigate the system.
LaunchVic will be led by Chief Executive Officer Dr Pradeep Philip and report to a board of up to eleven members. LaunchVic's immediate priorities include:
- Working collaboratively with the startup community to ensure the ecosystem responds to what entrepreneurs, financiers and other key players in the system actually need and want.
- Funding grants to build the startup ecosystem's infrastructure (e.g. a network of incubators and accelerators to help transform great ideas into viable startups).
- Working with others to build momentum, connections, mentoring and ambassadorial relationships in and beyond our startup community – showcasing Melbourne to the world, and bringing the best of the world to Melbourne.
- Building entrepreneurial skills.
- Pursuing and identifying 'just do it' opportunities in Victoria's priority sectors: –
- medical technologies and pharmaceuticals
- new energy technologies
- food and fibre
- transport, defence and construction technologies
- international education
- professional services
The appointed board members include:
- Ahmed Fahour, Managing Director and Group CEO, Australia Post (Chair)
- Elana Rubin, Director, Mirvac Group (Deputy Chair)
- Jo Burston, Managing Director, Job Capital
- Tim Fawcett, Director Corporate and Government Affairs, Cisco Systems Australia
- Dominique Fisher, Executive Chair and Managing Director, CareerLounge Pty Ltd
- Con Frantzeskos, CEO, PENSO
- Phillip Kingston, Managing Director, Trimantium Capital
- Jane Martino, Head of Social Segment, ANZ Bank
- Rachael Neumann, Managing Director Australia, Eventbrite
- Kee Wong, Managing Director, e-Centric Innovations
- Susan Wu, Head, Stripe Australia and New Zealand
For more information or to make an enquiry visit the LaunchVic website.