Tag: Breakthrough Victoria

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Policy

Victorian Opposition vows to axe state VC fund

The Victorian Opposition has promised to scrap state-owned venture capital fund Breakthrough Victoria and sell off its investments if elected at November’s state election. The Liberal and Nationals estimate...

Gig Guide: Innovation Victoria launches familiar first board

Posted on   |  by David Allen
The Victorian government’s rebranded innovation agency has welcomed seasoned founders Geoff Tarrant and Monique Conheady to head its board of directors. Innovation Victoria launched its inaugural board this week,...

One-stop innovation agency to replace Breakthrough Victoria

Posted on   |  by David Allen
The Victorian government will replace its state-owned venture capital fund and startup development agency with Innovation Victoria, a one-stop support agency for the state’s innovation sector. Almost six months...

Victoria to dismantle LaunchVic in cost-cutting drive

Posted on   |  by David Allen
Victoria’s startup development agency will be dismantled as part of cost-cutting measures in the Silver review, while the state government has signalled changes to its venture capital fund to...

US dollar drags Breakthrough Victoria to $5.7m loss

Posted on   |  by Justin Hendry
A US dollar-heavy portfolio helped drag the Victorian government’s embattled venture capital fund to a $5.7 million loss last financial year, offsetting its growing investment returns. Breakthrough Victoria posted...

Quantum Brilliance opens world-first diamond foundry

Posted on   |  by Trish Everingham
Quantum Brilliance has opened Australia’s first commercial lab-grown diamond foundry in Melbourne, where the Canberra-born startup will produce synthetic diamonds for advanced quantum devices at scale. The new facility,...

Breakthrough Victoria commits $75m to VC funds

Posted on   |  by Trish Everingham
Breakthrough Victoria will invest $75 million into five venture capital funds in a bid to support early-stage companies and accelerate the commercialisation of research across key sectors, including climate...

Breakthrough Victoria backs next wave of researcher-founders

Posted on   |  by Trish Everingham
Three university graduates have been named as inaugural fellows in Breakthrough Victoria’s pre-seed funding program, which will distribute up to $150,000 each to 50 researchers developing commercial ventures. The...

Breakthrough Victoria gets behind Harvest B

Posted on   |  by Justin Hendry
Breakthrough Victoria has followed the federal government’s lead and taken a $2 million stake in Harvest B, the country’s first plant-based protein ingredient manufacturer. Founded by Kristi Riordan and...