The State Government today committed $1 million through its LaunchVic initiative to fund a new La Trobe Accelerator Program (LTAP) to grow Victoria’s thriving startup culture.
Pro Vice-Chancellor Industry Engagement Dr Daniel Grant said the new program would operate on all of the Universities campuses and unlock the full potential of the innovation and ideas that already exists within our regional and city communities, and would help to position Victoria as the world’s number one start-up destination.
“At La Trobe we are uniquely positioned to overcome the geographical barriers faced by up-and-coming entrepreneurs in regional Victoria, thanks to our campuses in Bendigo, Shepparton and Albury/Wodonga.
“These are areas of incredible untapped creativity and innovation and this program will be the catalyst to transform undiscovered business ideas into reality.
“Innovation is a cornerstone of a strong economy. This initiative will undoubtedly attract great minds in country Victoria; generating new jobs and strengthening the diversity of our economy,” Dr Grant said.
Beginning in 2017, the University will conduct a series of competitive interviews and pitching sessions to select 10 start-up companies each year.
LTAP will provide successful teams with the right tools to launch their businesses. Every year budding startups will receive $20,000 in funding, office space, industry experience, mentoring, and networking opportunities.
LTAP is being led by La Trobe University, in conjunction with Federation and Deakin Universities.
Media contact: Briena Barrett: 0432 566 014