Tag: Victorian Government

Victorian govt mulls defence tech shift for VC fund

Posted on   |  by Justin Hendry
Breakthrough Victoria could be retooled to help grow local defence industry under changes being considered to better align the government-backed venture capital fund with the state’s economic priorities. As...

Victoria to create $150m investment fund

Posted on   |  by Justin Hendry
The Victorian government will create a $150 million fund to help secure private sector investment in priority sectors like advanced manufacturing, defence and health technologies. Victorian Treasurer Jaclyn Symes...

Victoria’s consulting spend back at 2018 levels

Posted on   |  by Justin Hendry
Spending on external consultants in the Victorian government has returned to 2018 levels, with new data released by the state’s auditor-general showing a sharp drop off in work last...

Victorian electric engine pioneer expands with new facility

Posted on   |  by Justin Hendry
Kite Magnetics, a Monash University spinout producing ultra-energy-efficient electric generators and engines, will set up a new advanced manufacturing facility in Melbourne’s southeast. The state-of-the-art facility, announced on Friday,...

Victoria sets priority sectors ahead of new industry policy

Posted on   |  by Justin Hendry
Victoria will deliver a $20 million boost to five priority sectors, including advanced manufacturing and health technologies, through a new industry development fund. The fund, which will provide matched...

Victoria to seed 50 startups from universities

Posted on   |  by Justin Hendry
The Victorian government will seed as many as 50 startups through an Australia-first fellowship program that gives university students and PhD candidates the opportunity to commercialise early-stage research. The...

Victoria’s VC fund posts loss after grants drop off

Posted on   |  by Justin Hendry
The Victorian government’s $2 billion venture capital fund recorded its first loss since inception last financial year, despite adding more than $190 million in new investments to its portfolio....

Victoria invests $5m in local 3D printing firm

Posted on   |  by Justin Hendry
Breakthrough Victoria has invested $5 million in Conflux Technology, a Gelong-based startup 3D printing heat exchangers for the aerospace, defence and automotive industries. The investment, part of a wider...