Cash grants for regional startups are available

The state government is providing cash grants for regional startups through Victoria’s startup agency LaunchVic.

Innovation, Medical Research and the Digital Economy Minister Jaala Pulford announced expressions of interest are now open with grants of up to $300,000 on offer for programs that promote startup entrepreneurship to regional Victorians.

Local councils, business chambers and regionally based innovation hubs are encouraged to apply with the aim to harness more startup activity in regional communities.

The programs should champion regional innovation, consider the challenges and opportunities that exist for regional startups and also look at ways to build and connect with local communities.

The state government, through LaunchVic, has supported more than 160 regional entrepreneurs across a range of areas including agtech, food, energy, b2b and enterprise software to make the leap into the startup world through programs including Startup Shakeup, Startup Gippsland and Runway.

Victoria’s startup industry is growing rapidly, more than doubling in value in the past year to $23.6 billion.

Ms Pulford called the programs exciting opportunities for entrepreneurs and startups across regional Victoria.

“This will ensure our regional startups have the support they need to transform their dreams into a reality, creating more local jobs and making Victoria an even more attractive destination to launch a start-up,” Ms Pulford said.

LaunchVic chief executive officer Kate Cornick said startups play an important role in the economic growth story of regional Victoria.

“If you are passionate about activating entrepreneurship in the regions and interested in running or expanding your program in Victoria, we want to hear from you,” Ms Cornick said.

Expressions of Interest close July 21.

For more information and application guidelines visit launchvic.org