Breakthrough Victoria is responsible for:

$1.3bThe amount of investment capital BV has leveraged

The amount of investment capital BV has leveraged

$480.7mThe total amount of committed capital

The total amount of committed capital

2024 – 2025 Achievements

$605.4m
net assets
$321.5m
investment value
22
new investments approved
11
new companies and funds
5
follow-on investments
6
co-investments with the University Innovation Platform

We’re proud of the foundation that has been built and the early momentum demonstrated – and energised by the opportunity ahead to realise the value for Victoria of this bold initiative.

$118mnew investment commitments in 24-25

new investment commitments in 24-25

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BV attracts 7.7 co-investors per investment:

We’ve partnered with universities to bring Victorian research to market

BV UIP aims to bridge the gap between academic research and market-ready innovations by establishing ‘matched funding’ partnerships with Victorian universities. Each partnership will invest in start-up companies spun out of research from the university, with typical pre-seed investments of around $500,000 each.

$119mtotal value of 7 created Pre-Seed partnerships

total value of 7 created Pre-Seed partnerships

ACU logo web
Deakin
Genesis
Latrobe web logo
Monash Logo Web
RMIT Web
Swinburne logo

Our fellowship enables graduates to turn research into real-world impact

The Breakthrough Victoria Fellowship is a bold new initiative designed to build talent and strengthen Victoria’s long-term capacity for commercial translation, offering paid entrepreneurial experience as a meaningful alternative to traditional academic or corporate career pathways for graduates and postgraduates.

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Michelle Chen

Mental Jam

Michelle is developing a video gaming platform that applies art therapy principles to help treat depression, support mental wellbeing, and enable creative self-expression.

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Noor E Karishma Shaik

DeepDerm

Noor is creating an AI-driven imaging technique that combines spectroscopy to improve the accuracy and early detection of skin cancer, affecting two in three Australians.

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Mohammad Haft Tananian

InnovaIVF

Mohammad is developing innovative technology to make reproductive medicine more accessible as IVF success rates stagnate and costs exceed $10,000 per cycle.

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Breakthrough Victoria is transforming the Victorian economy by investing in and supporting successful IP and research commercialisation

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