Support for venture capital funds and startup initiatives receives a $3.75 million enhancement via our site
Victoria Boosts Startup Ecosystem with $2.1 Million Investment
Victoria, Australia is set to strengthen its startup ecosystem with the announcement of a $2.1 million investment by LaunchVic, the state's startup agency. Seven venture capital (VC) funds will receive $300,000 each to establish their operations in Victoria.
The seven VC funds receiving funding are Advance VC, Boson Ventures, FundBase, Scale, Tidal Ventures, Triple Bubble, and Unlock Capital. These funds will collectively raise over $275 million in early-stage capital to support the local startup ecosystem.
The investment is part of a broader $3.75 million package that also includes support for university entrepreneurship programs and founder community events. The aim is to create a holistic startup support environment in Victoria.
While the sources do not provide detailed individual investment theses or sector focuses for each fund in this announcement, the overall program is designed to strengthen Victoria’s startup ecosystem. This implies that these funds will invest broadly in early-stage startups aligned with Victorian government priorities such as technology innovation, entrepreneurship, and startup growth across various sectors.
| VC Fund | Funding Received | Focus (general) | |------------------|------------------|---------------------------------------------| | Advance VC | $300,000 | Early-stage startups, technology innovation | | Boson Ventures | $300,000 | Early-stage startups, likely tech-focused | | FundBase | $300,000 | Early-stage startups | | Scale | $300,000 | Early-stage startups | | Tidal Ventures | $300,000 | Early-stage startups | | Triple Bubble | $300,000 | Early-stage startups | | Unlock Capital | $300,000 | Early-stage startups |
Note: Specific sectoral or thematic focuses for these funds have not been detailed publicly in the available information. The investment by LaunchVic aims to build Victorian startup capacity broadly, so these funds likely focus on early-stage, high-growth startups across multiple sectors.
In addition to this investment, the Aussie Founders Club will receive a $200,000 grant to deliver more than 60 community events over three years. A new grant round for pre-accelerator programs at Victorian universities was also opened on 26th February 2025, with $1.45 million in grants awarded to Australian Catholic University, Deakin University, Federation University, and La Trobe University.
The report from LaunchVic and dealroom.co indicates that Victoria's startup ecosystem is growing rapidly, with the potential to be one of the world's leading startup hubs within the next five years. On 11th March 2025, LaunchVic invested $5.1 million into six of Australia's leading entrepreneurship programs.
The new VC funds receiving funding from LaunchVic's VC Support Program in Victoria are Advance VC, Boson Ventures, FundBase, Scale, Tidal Ventures, Triple Bubble, and Unlock Capital. Each of these seven venture capital funds has received $300,000 from LaunchVic to help establish their operations in Victoria. Collectively, they are expected to raise over $275 million in early-stage capital to support the local startup ecosystem.
[1] LaunchVic. (2025). VC Support Program. [online] Available at: https://launchvic.org/vc-support-program/ [2] LaunchVic. (2025). Grant round for pre-accelerator programs. [online] Available at: https://launchvic.org/grant-round-for-pre-accelerator-programs/
- The state-led investment by LaunchVic in Victoria aims to boost the local startup ecosystem, injecting a significant $2.1 million into seven venture capital funds.
- The seven venture capital funds receiving funding are Advance VC, Boson Ventures, FundBase, Scale, Tidal Ventures, Triple Bubble, and Unlock Capital, each of which will use the $300,000 to establish their operations in Victoria.
- Through this investment, these funds will collectively raise over $275 million in early-stage capital to support the growth of startups in Victoria.
- The startup ecosystem in Victoria is targeted for holistic development, with a focus on entrepreneurship, technology innovation, and overall startup growth.
- The Aussie Founders Club is one of the recipients of a $200,000 grant to deliver community events for local entrepreneurs, fostering a vibrant startup community.
- LaunchVic recently invested $5.1 million into six entrepreneurship programs, further bolstering the Victorian startup ecosystem.
- The investment by LaunchVic also includes support for university entrepreneurship programs and founder community events, creating an extensive network for startup support.
- Pre-accelerator programs at Victorian universities received $1.45 million in grants through a new grant round opened on 26th February 2025.
- Venture capital funds, such as those funded by LaunchVic, play a crucial role in safeguarding startup progress and providing valuable investment opportunities for innovative businesses.
- In the next five years, with continued support from programs like the VC Support Program, Victoria has the potential to become one of the world's leading startup hubs, transforming the state's business and lifestyle landscape.
