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Victorian Support Program - Funding for New Victorian Venture Capital Funds

Funding Providers

LaunchVic

Location

VIC

Funding Type

Cash grant G16594

Primary Category

Business and industry

Eligible to

  • Individuals

Funding

Amount (max): $300,000
Total pool: Undisclosed

Round(s)

  • Opened 29-Jan-2025 Closes 31-Mar-2025

Purpose

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

Overview

  • 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.

Limitations

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.

Contact Details

Apply

We take pride in ensuring our data is up to date and accurate, but you should not rely on our data alone. Please double-check important information on the funder's website before applying.