Innovation in Victoria
Victoria is a leader in innovation.
An innovation powerhouse – responsive, inclusive, and thinking ahead.
Our capabilities have helped us build a strong economy. It has helped make Victoria one of the best places to live, study, work and do business.
Victoria's history of Innovation
Why innovate?
Innovation transforms ideas or research into new commercial opportunities, businesses or industries. Thus, creating new jobs and driving economic growth.
Innovation is the key to overcoming our greatest challenges.
Our Innovation Statement
Victoria has a long and proud history of innovation. Our achievements have shaped our lives and made their mark around the world.
Our Innovation Statement sets out the Victorian Government’s innovation agenda. We've set out 6 actions that will propel Victoria forward.
Download statement
The statement is available as a PDF and an accessible version.
Victorian Innovation Statement InnovationStatement (PDF 3826.1 KB) 
Victorian Innovation Statement - accessible version InnovationStatement (DOCX 829.16 KB) 
The 6 actions from the Innovation Statement
Invest in Victoria’s world-class research and innovation capabilities, and in translating outcomes into commercial opportunities. This will help:
- grow our key industries
- create new jobs
- prepare us to tackle the big challenges of the future.
Create wide-ranging opportunities for Victorians to upskill, reskill and develop new skills in fields thrive in our economy, now and in the future. This includes:
- medical research
- digital
- creative technologies
- entrepreneurship
- agtech.
Grow our startup ecosystem to rival the world’s leading startup locations. Supported by local venture capital, it creates more homegrown tech success stories and exciting jobs for Victorians.
Support the development of key business and innovation precincts, where research institutions, businesses, accelerators, and startups can connect and collaborate.
Connect Victorian businesses to global supply chains, pursue opportunities to engage with world-leading innovators, and boost international investment in Victoria.
Lead by example. Embrace innovation in Victorian Government operations, service delivery and infrastructure. Put people at the centre of everything we do.
Initiatives and investments
| Name and link | Description |
|---|---|
| Victoria-Israel Science and Technology Research and Development Fund (VISTECH) | Supports Victorian and Israeli companies looking to collaborate on the development of new technologies. The Innovation Israeli Authority co-manages this program with us. |
Need more information?
For more information on what we're doing in this space, visit our industry, research and innovation page or contact us.
Page last updated: 13 June 2025