Breakthrough Victoria

Breakthrough Victoria is a significant A$2 billion strategic investment fund established by the Victorian Government in Australia. Its core mandate is to foster innovation, drive economic growth, and create new jobs within the state by investing in cutting-edge research and commercialization efforts. As a patient capital provider, the fund aims to bridge the gap between groundbreaking research and market-ready solutions, ensuring Victoria remains at the forefront of global innovation.

The fund's investment strategy is broad, targeting key sectors critical to Victoria's future prosperity. These include medical research, clean energy solutions, advanced manufacturing, digital technologies, and agri-food. Breakthrough Victoria invests across the entire innovation lifecycle, from early-stage research and development through to the commercialization and scaling of growth-stage companies. They actively seek opportunities that not only demonstrate strong commercial potential but also align with the state's strategic priorities and generate significant societal and economic impact.

Breakthrough Victoria typically provides substantial capital, with individual investments generally ranging from A$1 million to A$50 million. This translates to approximately $660,000 to $33 million USD, based on recent exchange rates. While these figures represent their typical range, the fund has the capacity to deploy larger sums for highly strategic opportunities. By co-investing with private capital and other partners, Breakthrough Victoria aims to de-risk innovative ventures and accelerate their path to market, ultimately strengthening Victoria's innovation ecosystem and securing its position as a global hub for future industries.