On 18 June 2026, Victoria's LaunchVic announced $3.5 million to fund nine pre-accelerator programs for early-stage AI and deeptech startups, with each provider receiving up to $400,000. Delivery partners include Boab AI, Cicada Innovations, HEX, MedTech Actuator and RMIT's DiscoveryHUB, offering concept validation, AI tools, co-working and milestone-based grants; Cicada alone will support up to 45 Victorian deeptech startups.
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LaunchVic funds 9 AI & deeptech pre-accelerators with $3.5M for Victorian founders
Why this matters for founders
Victoria-based AI or deeptech founders at the idea or validation stage should apply directly to one of the nine named providers to access free tooling, mentoring and milestone grants without giving up equity.
Source: LaunchVic
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