Victorian govt mulls defence tech shift for VC fund


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 …

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