Tag: Breakthrough Victoria

Breakthrough Victoria backs MedTech commercialisation

Posted on   |  by Joseph Brookes
The Victorian government’s venture capital fund on Thursday announced it has invested $5 million into a Melbourne MedTech commercialisation firm as it faces renewed criticism from the state opposition...

Vic Budget cuts $360m from govt VC fund

Posted on   |  by Justin Hendry
The Victorian government will strip $360 million from its venture capital fund and extend the investment horizon from 10 to 15 years, as it seeks to make more “quality...

LaunchVic lands $40m boost in state Budget

Posted on   |  by Brandon How
The Victorian government has set aside $40 million for its startup agency LaunchVic as part of a 10 per cent increase in overall Budget funding for Industry, Small Business...

$37m to bring high-altitude balloon company to Victoria

Posted on   |  by Brandon How
Breakthrough Victoria has invested $37 million to bring US-based observation balloon company World View to the state, its largest single investment to date. The company will use the funding...

A $20m ray of light for energy startup RayGen

Posted on   |  by Max Rattray
Breakthrough Victoria has invested $20 million into local energy startup RayGen Resources to drive the state’s energy transition and boost local manufacturing in the renewables sector. RayGen uses an...

$65m biotech incubator names first 16 residents

Posted on   |  by Justin Hendry
A wearable “lab-on-a-chip” solution for hormone monitoring, a gum disease vaccine and technology for creating 3D models of human brain tissue are among the ideas that have piqued the...

Government-led coinvestment funds move ahead

Posted on   |  by James Riley
Government-backed investment funds have emerged as a key component of increasingly interventionist industrial policy strategies across the developed world. The is certainly the case in Australia, with the $15...

Innovation needs government backers like Breakthrough Victoria

Posted on   |  by Andrew Maxwell
Victoria’s (and Australia’s) future prosperity is dependent on knowledge-intensive companies that collaborate, innovate, and commercialise successful products globally. But to survive and reach commercial success, these companies must be...

Breakthrough Victoria rejects high-cost fund claims

Posted on   |  by Justin Hendry
The head of Breakthrough Victoria has rejected claims of excessively high operating costs at the state’s $2 billion investment fund, saying the expenses are almost identical to that of...