[testing link in black header box]

To be eligible to participate in the 30X30 program, a scaleup must meet each of the following criteria:

1. Victorian-based – the scaleup must be a Victorian registered and headquartered company. The founder/CEO must also have a primary residence in Victoria

2. Size – Meet LaunchVic’s definition of a Startup and in addition meet at least one of the following measures…

• at least 50 full-time employees or;
• A valuation greater than AU$30million but les than AU$200million or;
• Monthly revenue of at least AU$1million per month or;
• Have raised a single venture capital round in excess of AU$5million.

3. Leadership Structure – must have executive leadership roles supporting the Founder/CEO to manage the Finance, Ops and HR functions

4. Funding and runway – As 30X30 requires both a commitment of time and focus during and post program to implement ideas, each scaleup must have at least 15 months runway from the start of the program

5. Adheres to Victorian Government Policy on ESG Prohibited Activities – the Business must not be involved with:

• Tobacco or tabacco-related products;
• Cluster munitions and other controversial weapons;
• Thermal coal;
• Gambling;
• Logging of old growth forests;
• Uranium;
• Unregulated animal testing;
• Live cattle and/or sheep exports; or
• Fracking

A startup needs to meet the minimum eligibility requirements to be considered. If your startup is ineligible for 30X30 we recommend checking out one of the many other programs supported by LaunchVic here: https://launchvic.sonardev.com.au/programs/accelerators-and-incubators-1 If you have any questions about your scaleup’s eligibility, please contact us.

Victorian-based means the scaleup must be a Victorian registered and headquartered company. The founder/CEO must also have a primary residence in Victoria.

A Startup is a young technology-based business that uses innovation to scale rapidly and capture market at a high velocity. Examples of technology include software/apps, artificial intelligence (AI), blockchain, advanced manufacturing & robotics, Internet of Things (IoT), big data analytics, augmented / virtual reality, 3D printing, advanced materials, genomics & life sciences (including Biotech & MedTech) and autonomous vehicles.

30X30 is a free program to participate in.

No, LaunchVic will not take equity in any of the companies involved in the 30X30 program.

Each area (HR, Ops, Finance) will focus on 1 particular element of their role each month. For example, the HR stream may focus on recruitment in the first month, followed by onboarding the next. For Operations, such topics as ‘codifying work’ and ‘defining a world-class COO’ are examples of topics that may be covered. In Finance, we’ll be looking at topics such as ‘fundraising best practises’, ‘board reporting’, and ‘expansion challenges’.

No, the crucial part of this program is that we are looking to serve and upskill leaders and executives in participating scaleups. 30X30 aims to free up founders to focus on key strategic priorities fundamental to your growth, while giving HR, Operations and Finance leaders the skills and exposure to common scaleup challenges and bottlenecks.

As many founders know, some of the biggest pain points to growth are in the day-to-day running of the business, often in the HR, Operations and Finance functions. As revenue scales, the complexity for these three functions multiplies. 30X30 aims to provide HR, Operations and Finance leaders the skills and exposure to common scaleup challenges and bottlenecks.

We recommend reviewing our Program Guidelines document for an overall summary of the 30X30 program, in addition to the program’s eligibility criteria, selection process, and timeline. If you’re still unsure or want to discuss further, you can book in a briefing call with our GM, Startups, Peter Goldsworthy or contact us.