The Western Australian Government has launched a new $30 million venture capital initiative to provide funding to start-ups in industries such as mining and mining equipment, technology, and services. Despite having a strong economy, WA's venture capital ecosystem ranks second last nationally. The new WA Venture Capital (WAVC) Initiative will invest in venture capital firms to support local start-ups. The program targets various sectors including energy, tourism, defense, health, and mining. Premier Roger Cook believes that supporting start-ups will create thousands of jobs and diversify the economy. The initiative aims to leverage private sector expertise to provide capital and guidance for start-ups. Additionally, the initiative aligns with the government's plan to boost innovation and attract global investments. The recent success of two WA companies in securing international funding for projects related to green hydrogen and battery anode graphite highlights the state's potential for innovation and growth.