Tag: Breakthrough Victoria

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...

Vic govt backs local medtech pioneer with $2m investment

Posted on   |  by Justin Hendry
Breakthrough Victoria has invested $2 million in Cyban, a Melbourne-based medtech startup pioneering a way to monitor brain oxygen levels without invasive surgery. The investment through the state’s $2...

Cow-free milk company brews up $25m

Posted on   |  by Joseph Brookes
A company that produces dairy free milk has landed backing from the Victorian government and Main Sequence Ventures in a $25 million Series A round announced on Tuesday. Eden...

$87m for research spinouts through Victorian Unis

Posted on   |  by Brandon How
Breakthrough Victoria has launched $87 million worth of research commercialisation partnerships with Deakin University, La Trobe University, Monash University, RMIT, and Swinburne. Startups spun out of the five universities...

Victoria invests $8m in Quantum Brilliance

Posted on   |  by Brandon How
Breakthrough Victoria has invested $8 million in local startup Quantum Brilliance, marking the state government-backed venture capital fund’s second investment in the quantum sector. Led by existing investors, the...

Vic govt’s ‘surprising’ $29m bet on foreign quantum

Posted on   |  by Joseph Brookes
The Victorian government’s $29 million investment in a foreign quantum company has surprised the local sector and was made without consulting the federal agencies in charge of the national...

Dan Andrews’ $100m commercialisation fund for Vic uni’s

Posted on   |  by Joseph Brookes
The Victorian government will provide $100 million in pre-seed investment funding to the state’s nine universities over five years to support research commercialisation. Each university will co-design their own...