Funding boost for start-up investor education

August 21, 2018 by  

A $2.35 million injection of funds to help educate local investors in Braeside and throughout Victoria has been announced by the Minister for Innovation and the Digital Economy Philip Dalidakis.

The move, which aims to support the state’s start-up business sectors, is set to educate local investors and help create a new generation of venture capital and angel investors. Dalidakis said:

“Victoria has no shortage of startup success stories, but we want those startups to be attracting more funding so they can reach their full potential and create local jobs.”

Dalidakis added the funds are out there but it is important to show potential investors some of the benefits associated with investing in the start-up sector.

LaunchVic will be funding the initiative which involves the delivery of six-month start-up investor courses which are university-affiliated by the Wade Institute of Entrepreneurship.

The move is an Australian first.

According to the minister, the Institute’s VC Catalyst programme is set to attract international and local potential and current angel investors, future and emerging venture fund managers, members of corporate venturing teams and more.

Materials traditionally prepared by print shops will also be included online for use by regional and rural participants of the course with Launch Vic funding the expansion process.

The start-up agency LaunchVic, established in 2016 by the State Government, has supported over 50 start-up ventures and 800 founders.

Courses are due to begin later this year.