Our Ecosystem - LaunchVic
Map of Victoria

Our ecosystem

Victoria is home to more than 2,650 startups – technology-driven companies that use innovative business models and technology to grow quickly and service global markets.

The state is emerging as a global challenger in the ecosystem rankings, leapfrogging the likes of Hong Kong, Kuala Lumpur and New Zealand to a $23.6 billion early-stage ecosystem valuation in 2022.

Despite the challenges of the past few years, our early-stage ecosystem valuation has doubled since 2021 and increased more than 10 times from 2016.


of the 2,680 Victorian startups have been directly supported through a LaunchVic funded program


is the value of Victoria’s early-stage ecosystem, up from $1.6b in 2016


people are currently employed in the sector


job growth rate was achieved over 2018-20

Victoria's Strengths


AgTech uses digital technology to provide the agricultural industry with the tools, data and knowledge to make more informed and timely on-farm decisions.

Explore AgTech


1 in 5 startups are working in HealthTech, making it Victoria’s largest startup sub-sector.

Explore HealthTech


Melbourne’s famous sporting precinct in Richmond is just a stone’s throw from the headquarters of some of our top SportsTech startups.

Explore SportsTech


Freshly minted unicorns like Zeller and Judo Bank are quickly establishing Victoria as a global FinTech hub.

Explore fintech

There are currently 19 Victorian unicorns, with a combined valuation of $66.3 billion.

Support for regional innovators

While 25% of Victoria’s population resides in the regions, LaunchVic’s 2020 ecosystem mapping showed only 3% were based in regional Victoria.

To help more regional innovators to start up, LaunchVic funds a range of initiatives across Victoria including community meetups, founder education and pre-accelerator programs.


Active government support to grow your startup

Alongside our flagship programs 30X30 and CivVic Labs, LaunchVic partners with world-class organisations to deliver accelerators, incubators, workshops, events and more to a diverse range of startup founders in Victoria. Check out our Programs page to connect to a wide variety of LaunchVic-funded activity.


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