A bold new agenda to keep Victoria at the forefront of innovation

Published: 1 December 2021

Image of the MC, Mykel Dixon speaking at the launch of the Innovation StatementThe Victorian Government recently launched a bold new plan to keep Victoria at the forefront of innovation, drive economic growth and create thousands of jobs for generations to come.

The Innovation Statement details plans and investments to propel the state forward, including six clear actions areas that will guide future investments.

Six action areas:

  1. Capitalising on our research and innovation potential
  2. Developing our talent
  3. Cultivating our startup ecosystem
  4. Growing our innovation precincts
  5. Taking Victorian innovation to the world
  6. Delivering innovative services for Victorians

Front and centre of the new agenda is the government’s landmark $2 billion Breakthrough Victoria Fund, which will bridge the gap between discovery and commercialisation and mobilise innovation across key growth sections.

Another key focus is health and medical research, with Victoria leading the fight against future pandemics thanks to investments totalling $590 million in the past year alone, including $50 million to spearhead local manufacturing of mRNA vaccine which has just resulted in Australia’s first mRNA COVID-19 vaccine candidate.

In addition to detailing significant investments already underway, the Innovation Statement showcases Victoria’s impressive history of class-leading innovations and modern inventions making their mark around the world and celebrates and elevates stories from across the Victorian innovation community.

The statement was launched at the State Library of Victoria on Monday 29 November and is being celebrated by industry leaders.

To find out more visit vic.gov.au/innovation or sign-up to the Innovation Victoria newsletter