Governments procure large amounts of goods and services from the private sector each year but accessing those contracts is difficult for startups.
It was recently flagged as a key issue facing startups by LaunchVic, Victoria’s startup agency.
In response, the agency has teamed up with the Victorian Government to launch the CivVic Labs Accelerator.
“Lack of access to government procurement for startups is a common problem we hear from Victorian startups and something LaunchVic has been seeking to address,” LaunchVic CEO Dr Kate Cornick.
“CivVic Labs Accelerator will open up a world of new opportunities for startups to access lucrative government procurement opportunities.”
LaunchVic will fund and lead the program with $2.5 million in additional funding from the Labor Government’s Public Sector Innovation Fund.
The accelerator, which will rollout this financial year, will aim to increase the success rate of early-stage startups and help fuel their business growth by providing the capital and resources required to work with government agencies.
The 16 startups be selected to participate based on their ability to address challenges faced by government.
“Startups are growing in Victoria and this initiative will help them create more jobs as well as offering government alternative options and different ways of doing things, “Minister for Innovation and the Digital Economy Philip Dalidakis.
“We’re quickly becoming the startup hub of the Asia Pacific and this is yet another initiative that will make Victoria an attractive place to start and scale a startup.”
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