Funding to support new venture capital funds to establish in Victoria.

• Applicants seeking up to $300,000 (exclusive of GST) over 2 years are eligible; and 
• Applications must be submitted via the LaunchVic online application system and will be accepted on a rolling basis until all funding has been allocated.

Applicants must be seeking funding to either:

• support the establishment of a Brand New VC Fund in the State of Victoria by registering a company in the State of Victoria through ASIC; or
• enable a New to Victoria VC Fund currently registered with ASIC outside of the State of Victoria to establish its first official branch/office in the State.

Applicants must satisfy the following eligibility criteria:

• The Lead Partner(s) for the New VC Fund must have demonstrable and significant experience in venture investments into pre-seed, seed and early-stage startups evidenced by at least one of the following:
  • Having held a senior position at an existing VC fund for at least three years, contributing to investment decisions; 
  • Managing an angel network, including participation in management / investment committees meetings; or 
  • Managing a personal or family office startup investment portfolio of at least 10 startup investments over three years.

• Email: grants@launchvic.org