LaunchVic says the new database — powered by Dealroom.co — will be a dedicated source of real time information for founders, investors, corporates and government.
LaunchVic chief executive Dr Kate Cornick said Victorian start-ups were the first in the southern hemisphere to be included on the platform, “presenting an amazing opportunity for local founders to showcase their startups across Australia, and internationally”.
“The database will ensure our start-ups are being ‘seen’ and is a great tool for investors, local and international; corporates wanting to procure services and products; and government seeking more information about the local startup ecosystem,” Dr Cornick said.
There is also an advanced search function to see data by sector, location and investment, and a matching tool for start-ups to search for an investor that is a 'good match' for their business.
Rachel Neumann, of newly formed Victorian Angel Investing Group Working Theory Angels, said the database would be a valuable connector for founders seeking prospective investment.
“One of the things we hear a lot from founders is that they don’t know where to start when it comes to accessing capital – this will be really useful for both parties.”
LaunchVic says that according to Deloitte Access Economics, start-ups in Victoria have the potential to create 15,700 new jobs annually, the equivalent of almost 500 new Officeworks stores every year.
Dr Cornick encouraged start-ups to upload their own information to help fill in the gaps and “create global visibility for this exciting industry”.
“By profiling our start-ups, we will ensure entrepreneurs, investors and government policy makers have the information they need to support growth and drive of economic recovery,” she said.