{"id":42225,"date":"2023-10-20T15:19:39","date_gmt":"2023-10-20T15:19:39","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/victorias-60-million-startup-bodys-second-round-of-funding-is-now-open-startupsmart\/"},"modified":"2023-10-20T15:19:39","modified_gmt":"2023-10-20T15:19:39","slug":"victorias-60-million-startup-bodys-second-round-of-funding-is-now-open-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/victorias-60-million-startup-bodys-second-round-of-funding-is-now-open-startupsmart\/","title":{"rendered":"Victoria\u2019s $60 million startup body\u2019s second round of funding is now open &#8211; StartupSmart"},"content":{"rendered":"<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"332\" itemprop=\"image\" class=\"entry-thumb\" src=\"\/wp-content\/uploads\/2016\/08\/launchvic-grants-640x332.jpg\" alt=\"\" title=\"launchvic grants\"><\/div>\n<p>Victoria\u2019s independent $60 million innovation fund has opened applications for its second round, looking for ideas that will strengthen the state\u2019s startup infrastructure and ecosystem.<\/p>\n<p>LaunchVic\u2019s <a href=\"\/advice\/funding\/victorias-60-million-startup-fund-is-now-open-for-business\/\">first round of funding<\/a> saw the government organisation dish out $6.5 million to 18 different ideas, <a href=\"\/advice\/funding\/first-round-of-launchvic-grants-announced\/\">including a leadership program for female entrepreneurs and the creation of an innovation hub in Abbotsford Convent.<\/a><\/p>\n<p>The second round of funding is focusing on ideas that foster a \u201cmore collaborative and linked\u201d network of co-working spaces, incubators and accelerators, work to improve diversity in the tech sector and encourage the \u201cclustering of infrastructure and activities\u201d to lift global visibility of the Victorian startup ecosystem.<\/p>\n<p>The fund is also particularly on the look out for proposals that are addressing an area where Victoria already has a \u201cunique cultural or competitive advantage on the world stage\u201d, including sports, health, food and education, LaunchVic board chair Ahmed Fahour says.<\/p>\n<p>\u201cWe will consider both small and large proposals that will improve collaboration, build capacity and grow Victoria\u2019s startup capability,\u201d Fahour says.<\/p>\n<p>\u201cLaunchVic has already allocated $6.5 million from the total pool of $60 million and we are excited about what the next round will bring.\u201d<\/p>\n<p>The small ideas will be eligible for up to $100,000 in one-off grants, will the larger ideas can apply for \u201csignificant\u201d seed funding for up to three years.<\/p>\n<p>All applications must include a commitment of matched funding.<\/p>\n<p>\u201cWe are not in the business of co-investing into individual startups,\u201d Fahour says.<\/p>\n<p>\u201cRather, we want to support the infrastructure which supports startups, entrepreneurs and scallops &#8211; our preference is to be a financial co-partner for successful initiatives.<\/p>\n<p>\u201cThis investment in the startup and tech industry will help make Victoria the location of choice for startups across the Asia-Pacific region.\u201d<\/p>\n<p>Applications for LaunchVic\u2019s second round of funding are now open and close on November 11.<\/p>\n<p><em>Follow StartupSmart on<\/em> <em>Facebook,<\/em>&nbsp;<em>Twitter,&nbsp;<\/em><em>LinkedIn.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Victoria\u2019s independent $60 million innovation fund has opened applications for its second round, looking for ideas that will strengthen the<\/p>\n","protected":false},"author":2,"featured_media":60457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,24,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/42225"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=42225"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/42225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/60457"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=42225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=42225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=42225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}