LaunchVic is seeking Expressions of Interest (EOIs) from suitable Existing Angel Networks and applicants who will formalise New Angel Networks. The successful EOI applicants will be invited to submit a detailed Request for Proposal (RFP). Successful RFP applicants will receive funding of up to $300k (exclusive of GST) over 2 years. Funds can be used for Operating Costs.
What is the funding for?
LaunchVic seeks to build a robust Victorian Investor Community by funding new Angel Networks and boosting existing Angel Networks. The objectives of this funding are to:
- Increase access to early stage capital, by activating more formal Angel Networks; and
- Increase the number of informed and active early-stage investors, by providing support for Angel Investors through formalised Angel Networks.
LaunchVic is seeking Expressions of Interest (EOIs) from suitable Existing Angel Networks and applicants who will formalise New Angel Networks. The successful EOI applicants will be invited to submit a detailed Request for Proposal (RFP). Successful RFP applicants will receive funding of up to $300k (exclusive of GST) over 2 years. Funds can be used for Operating Costs, such as staff salaries, event costs, insurance, accounting and legal costs, marketing and promotion costs.
Eligibility – who can access this grant?
To apply, applicants must meet the following general eligibility criteria:
- Applications for a New Angel Network to be registered in Victoria, primarily for Victorian Angel Investors who will primarily invest in Victorian Startups, are eligible.
- Applications from existing Angel Networks registered in the State of Victoria are eligible with the exception of existing Angel Networks currently funded by LaunchVic, these organisations are ineligible under this EOI and funding.
- Applications from Existing Angel Networks registered outside of the State of Victoria are ineligible.
- Applications seeking up to $300,000 (exclusive of GST) over 2 years are eligible.
How do I apply?
EOI Open: 24 September 2019
EOI Closes: 10am 12 November 2019
EOI Outcomes: advised via email w/c 18 November 2019
About Treadstone
Treadstone has been providing grant assistance for over 10 years as one of Australia’s most trusted grants and R&D Tax rebate consulting firm. We have helped Australian business apply for and win millions of dollars in grants and R&D tax incentives. With offices in Melbourne, Sydney and Brisbane we can review your grant opportunities and help you grow.
Call us to find out what other grants you may be eligible for on 03 9008 5937 or email.
