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budget.vic.gov.au

Breakthrough Victoria Fund

Our recovery will require big ideas and even bigger innovation.

Two women in lab

It’s why this Budget includes a $2 billion Breakthrough Victoria Fund to position Victoria as an international leader in research and technology.

The fund will help support new Victorian jobs, driving investment in research, innovation and the next great breakthroughs over the next 10 years.

This investment will focus on priority industries, including medical research, health and life-sciences, agri-food, advanced manufacturing, clean energy and digital technologies.

The fund will also help support research and development, adoption and commercialisation, supporting 15,700 jobs over the next 10 years.

A further $210 million will be provided for medical research, helping to secure the next big breakthrough for Victorian patients.

Media release

Saving Lives, Creating Jobs: Landmark Breakthrough Fund

Reviewed 24 November 2020

Budget 2020/21

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