New Grants

Breakthrough Victoria is starting the journey to find the next medical breakthrough that will improve and save lives, the next digital technology that will transform the way we live, new ways to feed the world sustainably and affordably, and to help lead the way on climate change and reducing waste.

As an independent, Victorian-government owned company, the aim is to help talented innovators and businesses to shape their IP, commercialise their research and connect with partners that can bring their ideas to life. This is continuously open for applications, focusing investment efforts in the following priority sectors:

  1. Health and life sciences
  2. Advanced manufacturing
  3. Digital technologies
  4. Agri-food
  5. Clean economies

Similarly, Breakthrough Victoria will focus investments in key innovation and employment precincts: Parkville, Fishermans Bend, Clayton, Arden Macaulay, Bundoora and Waurn Ponds. Significant opportunities from elsewhere in Victoria will also be considered.

Overview and Fund Amount

There are four investment stream under this program. Each stream has very specific requirements and applicant are strongly advised to read through each one to determine which is most applicable for them. FAQ sheets for each stream is also available. The investment stream are as follows:

  1. Foundation Technology and Platform Projects ― will typically attract $25 million per investment
  2. Creating the Pipeline ― will typically attract $500,000 and $2 million per investment
  3. Catalyst for Change ― will typically attract $10 million per investment
  4. Catalyst for Growth ― will typically attract $30 million per investment

Proponents will need to have 1:1 co-contribution, except for Foundation Technology and Platform Projects.

Eligibility Criteria

Overarching eligibility will allow businesses and entities if they are from research organisations, including universities and research institutes; or companies of any size, at the pre-revenue or revenue stage; or joint ventures, consortia, special purpose vehicles, comprising either industry or research organisations, or a combination with business focus on the listed priority sectors for the development of the State of Victoria.

Projects should also:

  • Have cross-sectoral application
  • Include industry partnerships
  • Leverage existing investment or have the potential to attract further co-investment
  • Demonstrate or outline a viable plan for future funding to reach financial sustainability

Foundation Technology and Platform Projects

Projects under the Foundational Technology & Platform Projects stream must:

  • Support potentially novel or unique innovative solutions to a substantial societal or economic challenge with an identified market need
  • Respond to a need identified by multiple stakeholders (industry led) with the potential to generate discoveries or translation activities capable of commercialisation
  • Mobilise intellectual property (IP) and support the scale-up of discoveries
  • Demonstrate collaboration and shared open access by multiple stakeholder groups
  • Uplift or create Victorian capability in identified key sectors or that play to existing strengths in the state
  • Demonstrate open access usage process and reporting capability

Creating the Pipeline

Novel proposals from other emerging industry areas are also welcomed by Breakthrough Victoria. Projects under this stream must:

  • Contribute to broader environmental, sustainability or social well-being goals
  • Enable the development of sovereign manufacturing capability of critical products
  • Deliver broader economic benefit such as workforce or skills uplift or opportunities
  • Leverage existing investment or have the potential to attract further co-investment
  • Demonstrate a path to market
  • Outline regulatory pathways
  • Demonstrate outstanding technology or capability development

Catalyst for Change

Novel proposals from other emerging industry areas are also welcomed by Breakthrough Victoria. As well as the above criteria, proponents must submit a business case with:

  • A validated target market, or area of need
  • Solid projections for market traction, revenue and returns.
  • A plan to scale operations
  • A contribution to broader environmental, sustainability or social well-being goals
  • Economic benefits to Victoria including job creation, investment attraction, reduced public spend, or delivery of a social good
  • Acknowledgment of any partners pertinent to the project and evidence of financial and in-kind commitment

Projects may also be favourably assessed if they:

  • Enable or contribute to the development of sovereign manufacturing capability of critical products
  • Deliver broader economic benefit such as workforce or skills uplift or opportunities
  • Leverage existing investment or have the potential to attract further co-investment
  • Demonstrate regulatory pathways
  • Show a path to market
  • Demonstrate a future pipeline for technology or capability development
  • Have an IP portfolio management plan
  • Present a feasibility study including impact assessment
  • Have a cost benefit analysis
  • Attract other funding including Commonwealth, philanthropic or other investors

Catalyst for Growth

Aside from having novel and protected IP with high commercial potential that could lead to substantial economic and employment outcomes in Victoria, proponents must submit a business case with:

  • A budget
  • A validated target market, or area of need
  • A demonstrated path to market for the investment
  • Solid projections for market traction, revenue and returns
  • A plan to scale operations
  • Evidence of a contribution to broader environmental, sustainability or social well-being goals
  • Economic benefits to Victoria including job creation, investment attraction, reduced public spend, or delivery of a social good
  • A future pipeline for technology or capability development
  • An IP portfolio management plan
  • Demonstrated regulatory compliance
  • An impact assessment
  • Acknowledgement of any partners pertinent to the project and evidence of financial and in-kind commitment
  • The leveraging of existing investments or catalysing of other funds for investment

Projects may also be favourably assessed if they:

  • Enable or contribute to the development of sovereign manufacturing capability of critical products
  • Deliver broader economic benefit such as workforce or skills uplift or opportunities
  • Present a feasibility study including impact assessment
  • Have a cost benefit analysis

An investment proposal must be submitted to Breakthrough Victoria along with a detailed business case. Breakthrough Victoria will contact proponents if further information is required or to progress discussions.

Expert Assistance

Treadstone experts can help you understand government grants and maximise the benefits for your business. We have been helping clients since 2008 and our clients can testify to our proven success record. Working with us means you get the maximum grant with minimum risk and effort. Our expertise include R&D Tax Incentive registration and tax schedules, Export Grants, Capital Expenditure and Infrastructure Grants.

Get in touch with us and let’s discuss this more in detail.

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