The State Government of Victoria has allocated A$6.5 million to support 18 startup projects that will help to create the jobs of the future.

Video: Launch Vic first funding round

The first round of grant money will flow from Victoria's A$60 million startup initiative LaunchVic.

The projects range from large grants for startup hubs, incubators and accelerators, to smaller grants enabling established organisations to increase scale, reach and impact.

Project highlights include:

  • World-renowned Startupbootcamp will come to Melbourne in 2017, attracting Asia-Pacific's best Internet of Things and data tech startups to the city
  • Social Traders will deliver a pipeline of accelerator-ready social enterprise ideas focused on creating employment opportunities for people facing barriers to work
  • A boost for the popular Lemonade Stand startup program for kids aged 9-12, which will help expand it into schools and online
  • A major startup hub to establish in Geelong as a global centre for innovation and entrepreneurship, as well as create a cyber security incubator at Deakin University's Waurn Ponds campus
  • La Trobe University, in a partnership with Deakin University and Federation University will establish an accelerator program to unlock innovation across regional Victoria

A full list of grant recipients can be found at www.launchvic.org 

Applications for the second round of funding will open next month.