WA’s innovation start-ups take off with WAVCI support

Western Australia’s innovation ecosystem is gaining strength through the Western Australian Venture Capital Initiative (WAVCI), which has delivered strong results in its first year. The initiative is designed to expand the pool of venture capital available in WA and accelerate the growth of high-potential businesses across the State’s priority sectors.

This funding will help founders access critical early-stage capital, enabling growth, commercialisation, and job creation.

Seven venture capital funds have been appointed under the program: Artesian, Brandon Capital Partners and Health Translation Group will focus on health and medical opportunities, while Melt Ventures, Skalata Ventures, Purpose Ventures and FundWA will focus on other priority sectors for WA. All participating funds are establishing or expanding a WA presence, bringing new expertise, networks, and investment opportunities into the State.

WAVCI is jointly delivered with the Department of Health and funded through the Future Health Research and Innovation (FHRI) Fund. This partnership ensures that health and medical life sciences remain a key focus, supporting the translation of research into real-world solutions that improve health outcomes for Western Australians.