The program, to be managed through Victoria’s start-up development agency, Launch Victoria, will involve 15 projects across the local government areas receiving funding ranging from $50,000 to $400,000 to support start-up and entrepreneurial activity in their regions.
The councils in regional Victoria set to receive either direct or consortia funding include Warrnambool, Corangamite, Moyne, Ballarat, Latrobe, Wellington, Bass Coast, Baw Baw, Towong, Benalla, Indigo, Mansfield, Wangaratta and Mildura.
And in Melbourne, councils set to receive funding across include Whittlesea, Melton, Casey, Cardinia, Brimbank, Moreland, Maribyrnong, Hume, Dandenong, Wyndham, Hobsons Bay and Moonee Valley.
LaunchVic’s annual Mapping Victoria’s Start-up Ecosystem survey revealed only 3% of the state’s start-ups are based outside inner Melbourne and are distributed across just three regional centres in Geelong, Bendigo and Ballarat.
The state government says the $2.4 million in investment funding complements LaunchVic’s Start-up Guide and Toolkit released late last year to help councils secure funding to implement programs and activities designed to nurture startup activity and encourage greater participation within their communities.