LaunchVic CEO Kate Cornick. Source: supplied
LaunchVic, the Victorian state government’s startup development agency, has unveiled a new grant initiative aimed at fostering specialised angel investment networks into early-stage startups.
These grants, reaching up to $300,000, are designed to support the formation of angel groups that focus on a unique industry vertical or technological innovation within the pre-seed and seed investment space.
Dr Kate Cornick, CEO of LaunchVic, emphasised the critical need for more capital in the early stages of startup funding within the region.
“We’re inviting individuals with deep subject matter expertise to formalise their networks and invest,” Dr Cornick said.
“Having specialist angel networks will help to connect quality founders with capital.
ABOUT THE AUTHOR
Handpicked for you
Voly co-founder’s new antique e-commerce platform Bazaa raises $650,000 pre-seed
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.