Fintech Australia has received a sizeable grant from LaunchVic in the amount of $300,000. The funding comes at a great time as Fintech Australia is gearing up for its inaugural Fintech Summit that is scheduled to occur this coming November.
Fintech Australia is partnering with LaunchVic and the Victorian Government. Victorian Minister for Small Business, Innovation and Trade, Philip Dalidakis explained;
“We want Victoria to be the location of choice for startups across the Asia Pacific Region and LaunchVic is making it happen. FinTech Australia’s inaugural FinTech Summit will help young companies and ideas develop to create jobs and industries that will support Victoria for decades to come.”
The Fintech Summit has been labeled “Collab / Collide 2016” and is described as a key knowledge-exchange platform for market players to find solutions to implement, and promote best innovative FinTech practices in a collaborative, open and transparent manner. The two-day conference will include startups, established corporations, elected officials and regulators are all expected to participate and share as to how Fintech growth can be accelerated.
— Stuart Stoyan (@stuartstoyan) August 28, 2016
Victoria is Australia’s second smallest state by area but it is home to Melbourne. The government has set an agenda of incentivizing startups to locate in the region. A startup fund of $60 million has been set aside. The first $6.5 million has been awarded with several Fintech firms included on the list. The next round of recepients will be revealed in September.