News

Victoria Invests $75M in Innovation and Startups

25 October 2025

The Allan Labor Government is injecting $75 million into five venture capital funds to support climate-tech, health, female-led startups, and high-growth tech businesses. This initiative, led by Breakthrough Victoria, aims to boost innovation, attract private capital, and create high-skill jobs. It builds on existing investments that have already leveraged $1.3 billion and are projected to generate $5.3 billion in economic impact by 2035.

This initiative is one of many outlined in the Victorian Government’s Economic Growth Statement, released in December last year. To learn more please visit: www.vic.gov.au/economic-growth-statement.