round x grant funding program information session · startups small business. grant program summary...

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ROUND X GRANT FUNDING PROGRAM INFORMATION SESSION Dr Kate Cornick CEO LaunchVic

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Page 1: ROUND X GRANT FUNDING PROGRAM INFORMATION SESSION · Startups Small Business. GRANT PROGRAM SUMMARY Meetups, events, hackathons, educational courses, mentoring, bootcamps, incubator

ROUND X GRANT FUNDING PROGRAM

INFORMATION SESSION

Dr Kate Cornick

CEO LaunchVic

Page 2: ROUND X GRANT FUNDING PROGRAM INFORMATION SESSION · Startups Small Business. GRANT PROGRAM SUMMARY Meetups, events, hackathons, educational courses, mentoring, bootcamps, incubator

THE VICTORIAN

STARTUP ECOSYSTEM

Melbourne ranks in the Top 5 for the world’s strongest startup

ecosystem growth

The startup ecosystem has the potential to add $4 billion to the

State of Victoria’ s economy.

Melbourne has six unicorns - more than any other state in

Australia.

One in five startups are in health, wellbeing or sports and they

attract more VC funds than other sectors

There are over 2,700 startups in Victoria, contributing jobs and

driving economic development.

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Page 3: ROUND X GRANT FUNDING PROGRAM INFORMATION SESSION · Startups Small Business. GRANT PROGRAM SUMMARY Meetups, events, hackathons, educational courses, mentoring, bootcamps, incubator

GROWING THE

LOCAL STARTUP

ECOSYSTEM

EventsResearch

Funding & Grants Products & Programs

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Page 4: ROUND X GRANT FUNDING PROGRAM INFORMATION SESSION · Startups Small Business. GRANT PROGRAM SUMMARY Meetups, events, hackathons, educational courses, mentoring, bootcamps, incubator

Round 1Scale, reach

and impact (Open Round)

Round 2Scale, accessibility and

diversity (Open Round)

Round 3Increase participation for

migrants and refugees

Round 4World-class Accelerator

Program

Round 5Founder

Education

Round 6Supporting Local Council

Startup Communities

Round 7Entrepreneurial Programs for

Aboriginal Victorians

Round 8Health Startup

Sector

Round 9Expert-in-Residences (EIRs) for

Coworking Spaces

Round 10Supporting Further

Growth (Open Round)

GRANT PROGRAMS

Photo Credit: 1, 2, 3, 5, 6, 7, 9 Photos via City of Melbourne / That Startup Show / Photographer Wren Steiner

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Page 5: ROUND X GRANT FUNDING PROGRAM INFORMATION SESSION · Startups Small Business. GRANT PROGRAM SUMMARY Meetups, events, hackathons, educational courses, mentoring, bootcamps, incubator

LAUNCHVIC HAS INVESTED OVER $38 MILLION

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InspirationThinking about

startups, seeking ideas and growing

networks

ExplorationTesting ideas

through workshops & bootcamps

EstablishmentEstablishing a

company, building MVP

(pre-acceleration)

Early StageAcceleration

Attracting seed capital

Growth Stage Growth

Attracting venture capital

Tim

e to

mat

urity

Page 6: ROUND X GRANT FUNDING PROGRAM INFORMATION SESSION · Startups Small Business. GRANT PROGRAM SUMMARY Meetups, events, hackathons, educational courses, mentoring, bootcamps, incubator

ROUND X – SUPPORTING FURTHER GROWTH

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Page 7: ROUND X GRANT FUNDING PROGRAM INFORMATION SESSION · Startups Small Business. GRANT PROGRAM SUMMARY Meetups, events, hackathons, educational courses, mentoring, bootcamps, incubator

LaunchVic’s tenth funding

grant round focuses on

capturing new ideas and

initiatives to support the

development of startup

founders and entrepreneurs

(and investors) in the Victorian

startup ecosystem.

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Page 8: ROUND X GRANT FUNDING PROGRAM INFORMATION SESSION · Startups Small Business. GRANT PROGRAM SUMMARY Meetups, events, hackathons, educational courses, mentoring, bootcamps, incubator

Diversity and Inclusionto increase community

engagement in the startup

ecosystem. This stream focuses

on more founders to start their

own businesses. The stream

also aims to support diverse and

under represented groups and

drive interest in

entrepreneurship across all of

Victoria.

LAUNCHVIC’S STRATEGIC FOCUS AREAS

Capability & Excellenceto establish Victoria as an

internationally recognised

startup ecosystem by enhancing

founder capabilities and

excellence. Activities in this

stream focus on ensuring

founders and investors have the

skills to support the scaling of

their businesses.

Leveraging Key Strengthsto establish the State as an

internationally recognised

startup ecosystem by leveraging

Victoria’s existing strengths in

health & wellbeing and sports.

This stream focuses Victoria’s

key (existing) strengths that can

be leveraged in positioning the

local startup ecosystem as a

global leader.

Channel Developmentto communicate the strengths of

the startup ecosystem, locally

and internationally. Programs of

work will help increase

awareness of the Victorian

startup community, facilitate

engagement within the startup

ecosystem, support the

generation of content and

promote the Victorian startup

ecosystem internationally.

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Page 9: ROUND X GRANT FUNDING PROGRAM INFORMATION SESSION · Startups Small Business. GRANT PROGRAM SUMMARY Meetups, events, hackathons, educational courses, mentoring, bootcamps, incubator

STARTUPS VS SMALL BUSINESSES

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• Concerned with finding a niche & growing rapidly to dominate market

• Either sell the business or grow it to be large enough to list on stock exchange

• Focused on entering the national or export market

• Provide innovation and a business model that can disrupt the industry

• Use technology to have a competitive edge in the market

• Seek help from LaunchVic funded programs

• Concentrate on stability & sustainability – usually remaining small in size

• Do not usually seek to dominate a sector

• Are not globally focused

• Focus their business on tried and tested products and services

• Less focused on new and innovative offering to market

• May or may not leverage technology

• Seek help from Small Business Victoria

Small BusinessStartups

Page 10: ROUND X GRANT FUNDING PROGRAM INFORMATION SESSION · Startups Small Business. GRANT PROGRAM SUMMARY Meetups, events, hackathons, educational courses, mentoring, bootcamps, incubator

GRANT PROGRAM SUMMARY

Meetups, events, hackathons, educational courses, mentoring, bootcamps, incubator programs, accelerator programs, programs for investors and other programs

Funding up to $250k per application $2mil total funding available

Demonstrate experience delivering similar programs to startups, startup entrepreneurs or investors

Proposed project must support one or more LaunchVic strategic focus areas

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Page 11: ROUND X GRANT FUNDING PROGRAM INFORMATION SESSION · Startups Small Business. GRANT PROGRAM SUMMARY Meetups, events, hackathons, educational courses, mentoring, bootcamps, incubator

ELIGIBILITY

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Page 12: ROUND X GRANT FUNDING PROGRAM INFORMATION SESSION · Startups Small Business. GRANT PROGRAM SUMMARY Meetups, events, hackathons, educational courses, mentoring, bootcamps, incubator

KEY ASSESSMENT

CRITERIA

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Page 13: ROUND X GRANT FUNDING PROGRAM INFORMATION SESSION · Startups Small Business. GRANT PROGRAM SUMMARY Meetups, events, hackathons, educational courses, mentoring, bootcamps, incubator

READY TO APPLY?

Page 14: ROUND X GRANT FUNDING PROGRAM INFORMATION SESSION · Startups Small Business. GRANT PROGRAM SUMMARY Meetups, events, hackathons, educational courses, mentoring, bootcamps, incubator

FAQs

What is the timeline for start and delivery of the successful program?

Can I apply for funding under a new business entity

I am a current LaunchVic funding recipient, am I eligible to apply?

Can I have a follow-up phone conversation or meet with a LV team member to discuss my proposal

How do I prove the need for my program from my community?

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Page 15: ROUND X GRANT FUNDING PROGRAM INFORMATION SESSION · Startups Small Business. GRANT PROGRAM SUMMARY Meetups, events, hackathons, educational courses, mentoring, bootcamps, incubator

ANY QUESTIONS?