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Startups

Startups are different from traditional small businesses. Startups typically focus on developing innovative technologies or products with significant market potential that can be scaled rapidly.
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Discover opportunities for growth and connection with our resources. By collaborating, we can cultivate a thriving Mornington Peninsula startup community, ensuring shared success and impactful contributions. If you’re seeking advice and mentorship, or simply looking to expand your professional network, this information is for you.

What is a startup?

Startups are young technology-based businesses that use innovation to scale rapidly and capture global markets. 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.

Why startups matter

Startup ecosystems are proven job multipliers and are globally recognised as key drivers of economic development. While not all startups make it, those that are successful can scale to 100+ employees in a relatively short amount of time.

Research by LaunchVic has shown that, with the right support, the Victorian Startup Ecosystem has the potential to add on average, a further 15,700 FTEs (Full Time Equivalent job) per annum to the economy by 2038.

 

Resources to help your startup

Explore essential resources, connect with networks, and access vital information to accelerate your startup’s success.

Did you know?

  1. Startups create economic growth through innovation, knowledge and jobs
  2. Startups create wealth for their founders, (early) employees and investors
  3. Startup success (and failure) creates positive spillover effects into more entrepreneurial activity
  4. Startupsʼ products and services provide consumers with greater choices
  5. Many startups address global challenges (climate, health, education

Source: Victoriaʼs startup ecosystem 2023 report by LaunchVic and Dealroom.com

Read the reports

The economics and impact of Victoria’s startup ecosystem

Victoria’s startup ecosystem 2023

Networks are vital for startups as they provide essential resources, mentorship, and opportunities for collaboration. They help in gaining market insights, attracting investors, and building relationships with potential customers and partners, crucial for business growth and success.

LaunchVic

LaunchVic, established by the Victorian Government, boosts Victoria’s startup growth by enhancing founder and investor skills, and developing venture capital markets.

The Startup Network

The Startup Network, Australia’s largest independent startup community, supports founders with networking, educational insights, tailored connections, and inspiring pitch nights.

Frankston Social Enterprise Hub

Frankston Social Enterprise Hub supports social entrepreneurs with opportunities, events, connections, and free coworking to start and scale social enterprises.

Scale Investors

Scale Investors is an angel syndicate network that invests in the best Australian women-led startups. Scale EducatEd is their own unique, diverse and accessible education platform with online courses tailored to both founders and investors. Get Scale #EducatEd

Flying Fox Female Founders program

Flying Fox Ventures are proud to be launching our inaugural pre-accelerator program focused on female founders in Victoria.

Their mission is to:

  • Increase the number of female founders launching companies in Australia
  • Increase the quality of female founded businesses to ultimately:
  • Increase the number of deals into female founded businesses and increase the quantum of capital raised by female founders

Climate Salad

Climate Salad is an active network to boost climate tech companies, in Australia, with tools, programs, and community support.

Global Victoria

Global Victoria is the state government’s trade facilitation agency. They are dedicated trade specialists that act as a gateway to global economies and communities. Their role is to help your business reach its potential in international markets.

Science, technology and innovation Australia

Science, technology and innovation Australia supports and invests in science, technology and innovation to drive skills, capability and industry growth across Australia. Check the Industry Innovation page for: business innovation programs, government funding and support, industry news and data and program evaluation

Finding funding for startups involves exploring various sources such as venture capital firms, angel investors, crowdfunding platforms, and government grants.

Networking is crucial to finding funding—attend industry events, join startup incubators, and pitch to potential investors. Additionally, creating a solid business plan and showcasing a unique value proposition can attract funding.

Co-working spaces are important for startups because they offer cost-effective, flexible office solutions, fostering a collaborative environment. These spaces provide networking opportunities, access to resources, and a community of like-minded entrepreneurs.

This setup enhances creativity, encourages knowledge sharing, and helps startups scale by reducing operational overheads and promoting innovation.

Where are they located on the Mornington Peninsula?

Collab Community
Shop 1/5 Main St, Mornington VIC 3931

Co.Co Place
5 Bennetts Road,  Mornington 3931

Grenco
1/33A Dava Drive, Mornington 3931

The Rumbl – Coworking
81 Watt Rd, Mornington VIC 3931

High Street Co.
34 High Street, Hastings 3915

Rita and Frank Creative Studios
Factory 1-31 Henry Wilson Drive, Capel Sound

Sorrento HUB Cowork Space
1/119-125 Ocean Beach Road, Sorrento 3943

Quicklinks

Our case studies explore how local startups are making their mark, check out the latest startup news or see what startup events are programmed for the future.

Content posted June 2024

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Frequently asked questions

We’ve compiled a list of common enquiries along with some helpful information and solutions.

How we can help
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