Tag: Breakthrough Victoria

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...

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...