Innovative Victorian startup businesses have been invited to apply for a new program designed to take original ideas to the global market.

An initiative of the Federal Government's National Innovation and Science Agenda, Landing Pads seek to stimulate innovation and entrepreneurship across Australia's business landscape.

Established firstly in San Francisco in the USA, a workspace will be set up in a tech startup campus at Rocketspace that has previously housed Uber and Spotify.

The Landing Pad will be used as an operational base for market-ready startups, and to promote networking between the 20,000 Australians working in the Silicon Valley and US investors.

Austrade will use A$11.2 million in funding to set up five Landing Pads in "global innovation hotspots" worldwide.

Designed to help entrepreneurs bring their ideas to market and build high-growth enterprises, another Launching Pad will be set up in Tel Aviv, Israel this year.  

Administered by Austrade, Landing Pads will enable startups to be immersed in an environment that will help them accelerate the design and development of their product or service business model.

This will be achieved through an exploration of in-market business development, investment, mentorship and strategic partnership opportunities that will focus on taking your business to the world.

Successful applicants can secure a place at RocketSpace for a period of up to 90 days, with the first intake commencing on 1 April 2016, applications are now open.