The Breakthrough Victoria Fund’s (the Fund) key objective is to strengthen Victoria’s existing position as an international leader in research, technology and translation; build world-leading capability (including human capital) in Victoria; and drive innovation through the development of systemic and effective translation and commercialisation pathways.
Types of Projects
Projects can include technologies with cross-sector application and commercialisation potential in domestic or export markets; industry growth through collaborative partnerships; and projects that deliver on economic, societal and environmental benefits.
The Fund will consider a range of investments from $500,000 to $30 million for projects across four funding streams, with a flexible approach to investment depending on the opportunity. A wide range of businesses, research organisations, universities, joint venture and consortia are encouraged to apply.
Target industries supported
The Fund will target five priority industry sectors including:
- Health and life sciences
- Advanced manufacturing
- Digital technologies
- Clean economies
It will also focus investment in key innovation and employment precincts including: Parkville, Fisherman’s Bend, Clayton, Arden Macaulay, Bundoora and Waurn Ponds. However, significant opportunities elsewhere in Victoria will also be considered.
For more information visit the Breakthrough Victoria website.
Working with clients
If you have a project in Victoria aligned to the priority industry sectors outlined you may be eligible for the Breakthrough Victoria fund. Grant Thornton can work with you to develop your investment proposal and identify the investment stream best suited to your project.
Grant Thornton’s Government Grants team has extensive experience helping businesses leverage their position to build a business case for government investment to support their growth strategies.