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 questions swirl over the exact funding envelope for the fund to 2035, discussions are underway over whether a sixth investment priority should be added to Breakthrough Victoria’s remit.
Since it was established in 2021, Breakthrough Victoria has invested more than $350 million across five priority areas: health and life sciences, agri-food, clean economy, advanced manufacturing, and digital technologies.
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