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Everything we hold that Breakthrough Victoria published.
The most recent 60 of 115 articles we hold from Breakthrough Victoria.
Breakthrough Victoria's five-year retrospective highlights portfolio progress across health, energy and quantum, including Infleqtion's NYSE listing, alongside aggregate figures for commitments, co-investment and capital returns.
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Breakthrough Victoria announces it made follow-on investments in four portfolio companies during 2025-26 — Number 8 Bio, Navi Medical Technologies, Liquid Instruments and Type One Energy — to support their growth and commercialisation.
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As Breakthrough Victoria and LaunchVic combine into Innovation Victoria, nine partner organisations will share government funding to run pre-accelerator programs for founders at the idea stage.
Breakthrough Victoria rounds up April–May 2026 portfolio news, including grants for Number 8 Bio and Xefco, Liquid Instruments' Series C, program selections, partnerships, regulatory clearances and two new Aravax directors.
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Breakthrough Victoria announces a $1 million investment in AlleSense, a La Trobe University spin-out developing nanofabricated slides for faster cancer diagnosis, joining round leader Welcome Ventures.
Breakthrough Victoria and LaunchVic are combining into new entity Innovation Victoria, with chairs departing and Rod Bristow appointed CEO. The announcement also recounts portfolio milestones including funding rounds and a NYSE listing.
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Breakthrough Victoria announces Innovation Victoria, combining BV and LaunchVic; Rod Bristow appointed CEO as both chairs depart. Also recalled: Infleqtion's NYSE listing and raises at Amber Electric and Liquid Instruments.
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Xefco, held by Breakthrough Victoria, has secured a $4,999,122 federal Industry Growth Program grant as it sends its first production-scale waterless plasma dyeing unit to Indonesia, with twelve systems already committed by customers.
Breakthrough Victoria reports investing in xCystence Bio, a Monash University spinout developing polycystic kidney disease therapies, via its University Innovation Platform alongside BioCurate and UniSeed.
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La Trobe University opened its Eagleworks Innovation Centre, home to the $18m Eagle Fund co-funded with Breakthrough Victoria, part of the $100m University Innovation Platform.
Victorian pre-seed program BVUIP, backed by Breakthrough Victoria and seven universities, has funded startups EntroMat, Excelligent and Remagine Labs, plus fellowship grants for three PhD-led ventures.
Breakthrough Victoria interviews fellow Noor E Karishma Shaik, founder of DeepDerm, on building DermAI, an AI skin-cancer detection tool, her clinical trial breakthrough with nurses, and lessons from her first year as a founder.
Melbourne biotech Deftbiotech secures $1 million combined investment from Breakthrough Victoria and La Trobe University's Eagle Fund to develop a topical nail fungus treatment.
Breakthrough Victoria staff attended agrifood, climate finance, women's health and deep tech events, and joined the launch of agritech firm YieldX.
Breakthrough Victoria recounts how its joint fund with La Trobe University seeded hydroponics developer YieldX, now running a commercial greenhouse in Victoria and expanding to India via a deal with Zomato's Hyperpure.
Q&A with a Breakthrough Victoria fellow reflecting on her early months building Mental Jam, a mental-health games startup, and her plans to apply for an AEA grant.
Breakthrough Victoria collects press coverage of Infleqtion's New York listing via a SPAC merger, which multiplied the fund's investment in the quantum company fivefold.
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Breakthrough Victoria's release marks Infleqtion's New York Stock Exchange listing, the investor's first portfolio listing, and notes further quantum backing of Quantum Brilliance plus Infleqtion's Victorian operations and partnerships.
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Breakthrough Victoria interviews a researcher at Monash University who joined its fellowship, describing how program connections redirected his medtech platform from IVF imaging toward endoscopy markets.
Breakthrough Victoria's chief executive marks his first year, tallying 70 investments, university and fellowship programs, a Jumar Bioincubator grant with partners, and looks ahead to a consolidated Victorian innovation entity.
Breakthrough Victoria outlines its quantum investment strategy, recalling a December 2024 follow-on round in Quantum Brilliance, its 2022 initial backing, and $45 million deployed into Infleqtion across three years.
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Breakthrough Victoria highlights portfolio achievements including Amber Electric's forty-five million dollar raise, Bygen and Diag-Nose grants, and Quantum Brilliance series A funding.
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Breakthrough Victoria reflects on its 2024 backing of test-instrument maker Liquid Instruments, citing local manufacturing of the Moku:Delta, a new AI-focused office, and growth since its $15m investment.
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Recap of Breakthrough Victoria's end-of-year gathering in Docklands, where portfolio founders shared scaling stories and the investor noted its portfolio now spans 77 commitments worth $480.7 million.
The venture investor's post marks the opening of Quantum Brilliance's diamond foundry in Melbourne and recounts the $10 million follow-on backing it completed in late 2024, adding to support first given in 2022.
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Breakthrough Victoria's CEO reviews its 2024/25 year: growing capital base, strong co-investment leverage, portfolio milestones including Amber's $10m raise, first fellows awarded, and projected economic impact ahead.
Breakthrough Victoria is putting $75 million into five venture capital funds, including Virescent, SYNthesis BioVentures, Scale and Galileo, each of which has pledged a quarter of its capital to Victorian startups.
Breakthrough Victoria makes cornerstone investments totalling $75 million into five venture capital funds spanning climate-tech, biotech, diversity-focused and health sciences investing.
Breakthrough Victoria announces the first three fellows of its $7.5 million fellowship, giving each researcher $150,000 and support to turn research into startups in mental health games, IVF imaging and skin cancer detection.
Breakthrough Victoria's fellowship has put $150,000 into Mental Jam, whose mobile games build emotional coping skills; the fellowship is a $7.5 million Victorian initiative to create up to 50 research startups.
Breakthrough Victoria's fellowship program puts $150,000 into InnovaIVF, whose founder Mohammad Haft Tananian, a Monash researcher, is building imaging technology to improve which embryos are chosen during IVF.
Breakthrough Victoria's fellowship has put $150,000 into DeepDerm, a startup building AI to spot skin cancer without biopsies, founded by University of Melbourne researcher Noor E Karishma Shaik.
Eden Brew founder Jim Fader discusses the company's origins as a co-creation between CSIRO, Norco, Main Sequence Ventures, and its nutrition goals.
Breakthrough Victoria reflects on its 2022 investment in quantum company Infleqtion, part of a larger raise, detailing Victorian operations, university partnerships, workforce programs and a planned US listing via SPAC.
Breakthrough Victoria is putting $2 million into protein technology company Harvest B, joining a $5.6 million pre-Series A round with Mandalay VC leading and several other backers.
Breakthrough Victoria's CEO sets out the fund's investment record and an EY report finding its portfolio delivers strong returns and economic impact for Victoria.
Breakthrough Victoria publicises an EY study projecting its portfolio could add billions to Victoria's economy by 2035, citing its deal count, committed capital, co-investment leverage and returns to date.
Breakthrough Victoria announces a $375,000 investment alongside Monash University in Myostellar's $750,000 round via Monash Ventures' pre-seed fund; the Monash start-up develops biologic therapies to regenerate muscle in muscular dystrophy.
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FytonBio secured one million dollars in pre-seed funding from Breakthrough Victoria and Monash University to develop antibody therapies for autoimmune diseases using Monash's GREAT platform.
Melbourne wearable drug-delivery startup Remagine Labs secured $500,000 pre-seed funding, split between Breakthrough Victoria and Monash University, to advance chronic condition treatment devices.
Breakthrough Victoria and Monash University put joint pre-seed backing into three life-sciences spinouts and launched the $15m Monash Ventures pre-seed fund, part of a $100m platform commercialising Victorian university research.
The investor's site reports a joint pre-seed investment with Monash University totalling $2.25 million across three health startups, and the launch of Monash Ventures' $15 million pre-seed fund for research commercialisation.
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Breakthrough Victoria profiles Diag-Nose.io chief executive Eldin Rostom, who describes the company's respiratory-disease diagnostics work and credits the investor's backing for building its lab, team and research scale.
The fund's authors recap two climate-investment events, weighing the massive global capital needs, mixed public-private funding models, and its clean-economy portfolio activity in Victoria.
Breakthrough Victoria showcases nine climate-focused portfolio companies across clean energy and agrifood, describing each technology and its contribution to the energy transition and circular economy.
Amber, the home battery automation company, has banked a $45 million round led by ETF Partners alongside Square Peg, Gentrack, Rubio Impact Ventures and Breakthrough Victoria; co-founder Dan Adams talks growth and overseas licensing.
Also Startup Daily
Breakthrough Victoria's Dr Olga Hogan explains its University Innovation Platform, which co-invests pre-seed funding alongside Victorian universities, plus a fellowship helping PhD researchers turn research into companies.
AgTech firm YieldX has attracted a $1.7 million round, with Breakthrough Victoria and La Trobe University's Eagle Fund contributing $500,000 apiece alongside Mandalay Venture Partners and LaunchVic's Hugh Victor McKay Fund.
Breakthrough Victoria and La Trobe University's Eagle Fund have each put $500,000 into Excelligent, a university spin-out building blood tests for early detection of neurodegenerative disease, a combined $1 million investment.
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Breakthrough Victoria's update announces its Eagle Fund co-investment with La Trobe University, an $18 million pre-seed vehicle, and details $1 million backing each for agtech startup Yield X and diagnostics spin-out ExCelligent DX.
EntroMat, a Melbourne developer of high-entropy metal powders, has landed $1 million from Breakthrough Victoria and Swinburne under a university research commercialisation platform.
Breakthrough Victoria's chief executive reflects on the sovereign fund's first four years, its university co-funding partnerships and OECD evidence that government venture capital works best alongside private investors.
Australian Catholic University signs on as the seventh university in Breakthrough Victoria's co-investment platform, with matched funding pledged; the article also recaps four earlier startup investments via Melbourne's Genesis Pre-Seed fund.
Breakthrough Victoria will give applicants to its Fellowship Program access to MIT's Orbit AI, an OpenAI-powered tool that helps researchers test commercial ideas before applying.
Breakthrough Victoria highlights recent achievements of portfolio companies including funding, awards, and expansions for firms like Liquid Instruments, Quantum Brilliance, and Samsara Eco.
Navi Medical Technologies gained US FDA clearance for its Neonav catheter guidance system; the Melbourne firm, backed by Breakthrough Victoria, plans a capital raise later in 2025 to fund its American rollout.
Navi Medical Technologies, a Breakthrough Victoria portfolio holding, has won FDA clearance for its newborn catheter-guidance device. The Melbourne startup drew a $700,000 investment from the fund in August 2023; another raise is planned.
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Breakthrough Victoria has appointed Rod Bristow, previously Investible's CEO, as its chief executive, citing a 33-company portfolio, over $300 million invested and $1.06 billion attracted from co-investors.
Breakthrough Victoria names Rod Bristow chief executive, citing his Investible and financial-services background, and outlines the fund's portfolio scale, co-investment record, and ambitions for patient capital and eventual exits.
Breakthrough Victoria's update announces an $800,000 seed investment in Diag-Nose.io Medical, a Melbourne medtech whose RhinoMAP AI platform aids chronic respiratory disease drug research, supporting Victorian hiring and manufacturing growth.
Deals recorded from Breakthrough Victoria's coverage. A round is listed once, however many of their articles mention it.
| Company | Stage | Announced | Amount | Investors |
|---|---|---|---|---|
| Kite Magnetics | Accelerator | 28 May 2026 | $2m | |
| Xefco | Grant | 30 Apr 2026 | $5m | |
| Liquid Instruments | Series C | 29 Apr 2026 | $70m | |
| xCystence Bio | Pre-seed | 30 Mar 2026 | - | |
| Deftbiotech | Pre-seed | 19 Mar 2026 | $1m | |
| Number 8 Bio | Grant | 2026 | $1.8m | |
| Noor E Karishma Shaik | Accelerator | 16 Oct 2025 | - | |
| Mohammad Haft Tananian | Accelerator | 16 Oct 2025 | - | |
| Michelle Chen | Accelerator | 16 Oct 2025 | - | |
| Amber Electric | Series A | 30 Sep 2025 | $10m | |
| Harvest B | Seed | 12 Sep 2025 | $5.6m | |
| Myostellar | Pre-seed | 4 Aug 2025 | $750k | |
| Fyton Bio | Pre-seed | 4 Aug 2025 | $1m | |
| Remagine Labs | Pre-seed | 4 Aug 2025 | $500k | |
| Amber Electric | Series B | 30 Jun 2025 | $45m | |
| Amber | Unnamed stage | 3 Jun 2025 | $45m | |
| Excelligent | undisclosed | 28 Mar 2025 | $1m | |
| EntroMat | Pre-seed | 27 Mar 2025 | $1m | |
| Australian Catholic University | Accelerator | 6 Mar 2025 | - | |
| Quantum Brilliance | Series A | 10 Dec 2024 | $10m | |
| Myostellar | Accelerator | 10 Sep 2024 | - | |
| Liquid Instruments | undisclosed | 19 Jun 2024 | $15m | |
| Navi Medical Technologies | Grant | Aug 2023 | $700k | |
| Infleqtion | Unnamed stage | 2022 | US$110m (A$157m) | |
| Remagine Labs | Accelerator | undated | - | |
| Fyton Bio | Accelerator | undated | - |
Companies named in Breakthrough Victoria's articles, most-covered first.
| Company | What it does | Articles |
|---|---|---|
| Infleqtion | Quantum technology company that listed on the NYSE | 12 |
| Amber Electric | Energy retailer offering flexible, market-driven household energy plans | 10 |
| Victorian Government | 10 | |
| Liquid Instruments | Maker of reconfigurable measurement devices originating from ANU research | 9 |
| Xefco | Deep tech company using plasma-based deposition technology to dye and finish textiles wit… | 9 |
| Navi Medical Technologies | Developer of Neonav, a vascular device to help clinicians insert catheters into veins of … | 8 |
| Innovation Victoria | 7 | |
| Quantum Brilliance | Quantum computing company that installed QPUs at Oak Ridge National Laboratory | 7 |
| Atmo Biosciences | Maker of an ingestible diagnostic capsule for gut conditions | 6 |
| RayGen | Builds large-scale solar and thermal storage infrastructure | 6 |
| RMIT University | Melbourne-based university where Michelle Chen completed her PhD and collaborates on rese… | 6 |
| Bygen | Carbon activation technology company that completed a Life Cycle Assessment | 5 |
| ElectraLith | Developer of a novel electrochemical direct lithium extraction technology producing batte… | 5 |
| Excelligent | Biotech developing early blood test for neurodegenerative diseases like Alzheimer's | 5 |
| Jumar Bioincubator | Bioincubator supported by grant in partnership with CSL, WEHI and University of Melbourne | 5 |
| Jupiter Ionics | 5 | |
| Number 8 Bio | Sydney-based innovator in sustainable agriculture technologies reducing livestock methane… | 5 |
| Remagine Labs | Wearable electronically controlled drug delivery device startup | 5 |
| Samsara Eco | AI-powered enzyme discovery platform for recycling plastics at scale | 5 |
| Aravax | Biotech company running a Phase 2 peanut allergy trial | 4 |
| CSIRO | Australia's national science research agency, from which Terria spun out | 4 |
| DeepDerm AI | Cameras that detect skin cancer, founded by a University of Melbourne graduate | 4 |
| EY | Independent consultancy whose EY Parthenon report estimated the economic impact of Breakt… | 4 |
| EY-Parthenon | Consulting firm that produced an independent report on Breakthrough Victoria's portfolio … | 4 |
| Kite Magnetics | Startup developing stator core motors for electric aviation | 4 |
| Mental Jam | Developer of mobile video games co-created with people with lived experience of mental he… | 4 |
| YieldX Pty Ltd | Agritech company transitioning from space-validated tech to on-farm commercial operations | 4 |
| AEA | 3 | |
| Clean Energy Finance Corporation | 3 | |
| Conflux | Company developing heat exchangers for aerospace fuel cell systems with Airbus | 3 |
| CSL | Biotechnology company partnering on the Jumar Bioincubator grant | 3 |
| Diag-Nose.io | Melbourne based company improving clinical management and drug discovery for chronic resp… | 3 |
| Eden Brew | Animal-free dairy company | 3 |
| EntroMat | AI-enabled platform generating new alloy formulations for manufacturing | 3 |
| Fyton Bio | Working on antibody therapies to target and eliminate disease-causing immune cells in aut… | 3 |
| Innova IVF | Medical device to evaluate embryo viability | 3 |
| Myostellar | Developing a biologic therapy for Duchenne Muscular Dystrophy that promotes muscle regene… | 3 |
| NASA | Space agency and customer of Advanced Navigation | 3 |
| Scale Investors | 3 | |
| Amber | 2 | |
| Andreessen Horowitz | 2 | |
| Australian National University | University from which Liquid Instruments spun out | 2 |
| Australian Research Council | 2 | |
| Cicada Innovations | Deeptech incubator supporting investment-readiness for startups | 2 |
| Clime Investment Management Limited | 2 | |
| CoLabs | Melbourne innovation hub | 2 |
| CommSec | 2 | |
| Deftbiotech | Biotech company commercialising La Trobe University-invented technology | 2 |
| Galileo Ventures | 2 | |
| Genesis Pre-Seed Fund | 2 | |
| Greening Australia | 2 | |
| Harvest B | Developing plant-based meat ingredient systems for food manufacturers | 2 |
| Infocus Wealth Management Ltd | 2 | |
| Insight Partners | 2 | |
| JigSpace | Platform enabling creation, sharing and viewing of interactive 3D presentations across de… | 2 |
| Jumpstart Studio | Ecosystem partner delivering pre-accelerator programs | 2 |
| Millibeam | 2 | |
| Monash Ventures Pre-Seed Fund | 2 | |
| Oak Ridge National Laboratory | US research laboratory where Quantum Brilliance installed quantum processor units | 2 |
| Relectrify | Victorian-headquartered developer of battery technology | 2 |
| Smileyscope | Company in Breakthrough Victoria's portfolio | 2 |
| SYNthesis BioVentures | 2 | |
| Tin Alley Ventures | Venture fund investing in deep tech startups | 2 |
| University Innovation Platform | 2 | |
| University of Adelaide | University leading the Current and Emergent Quantum Technology training centre | 2 |
| University of Colorado | University from which Infleqtion (as ColdQuanta) was spun out | 2 |
| University of Sydney | 2 | |
| YieldX | 2 | |
| ABB | 1 | |
| Advanced Strategic Capabilities Accelerator | 1 | |
| AGL | Major Australian energy retailer | 1 |
| Agriculture Victoria Research | Research partner collaborating with Harvest B | 1 |
| Airbus | Aerospace company partnering with Conflux on the ZEROe project | 1 |
| Alice Anderson Fund | 1 | |
| Allan Labor Government | 1 | |
| AlleSense | Biotech developing pathology imaging technology for early cancer detection | 1 |
| ANDHealth | Accelerates commercialisation of evidence-based digital and connected health technologies… | 1 |
| Andromeda | Personalised robot companions for aged care and assisted living | 1 |
| ANZ | 1 | |
| Australian Government | 1 | |
| Blue Origin | Aerospace company targeting large-scale satellite constellation deployment. | 1 |
| Boab AI | Ecosystem partner delivering pre-accelerator programs | 1 |
| Bosch Australia Manufacturing Solutions | 1 | |
| Boson Ventures | Ecosystem partner delivering pre-accelerator programs | 1 |
| Bupa | 1 | |
| Butler Market Gardens | 1 | |
| BYD | Automotive and battery manufacturer | 1 |
| Carbon Revolution | 1 | |
| Cell Bauhaus | Company that emerged from Blackbird's Foundry program | 1 |
| Cerulea Clinical Trials | Clinical trials facility | 1 |
| Charge HQ | 1 | |
| Chromos | Medtech startup using voltage imaging diamond sensors to map brain activity | 1 |
| City of Melbourne | 1 | |
| Co-Labs | 1 | |
| Cochlear | Australian medical technology firm. | 1 |
| CSIRO ON | Accelerator program offering hands-on experience to budding founders. | 1 |
| Curtin University | 1 | |
| Department of Energy, Environment and Climate Action (DEECA) | 1 | |
| E.ON | 1 | |
| FeBI | Medtech startup developing quantum diamond sensor chip to detect blood iron levels | 1 |
| Freshey | Fresh produce B2B marketplace | 1 |
| GreenSync | 1 | |
| HEX | Ecosystem partner delivering pre-accelerator programs | 1 |
| Hyperpure by Zomato | The fresh supply chain arm of one of India’s largest publicly listed food and commerce pl… | 1 |
| Invest Victoria | 1 | |
| Jet Charge | EV charging company whose project explores network benefits from vehicle-to-grid technolo… | 1 |
| L3Harris | Company working with Infleqtion on RF detection quantum sensors | 1 |
| Main Sequence Ventures | 1 | |
| Meat & Livestock Australia | 1 | |
| Medical Research Future Fund | 1 | |
| Medtech Actuator | Ecosystem partner delivering pre-accelerator programs | 1 |
| Melbourne Connect | 1 | |
| MIT | University whose Orbit AI platform provides AI-powered guidance to entrepreneurs. | 1 |
| MTPConnect | 1 | |
| Neo-Bionica | 1 | |
| New York Stock Exchange | 1 | |
| NILIT | 1 | |
| NRF | Sovereign fund launched by the federal government | 1 |
| Nvidia | Technology company developing platforms for AI computing including orbital compute. | 1 |
| OpenAI | AI company | 1 |
| ParityQC | 1 | |
| Peak XV | 1 | |
| Peak XV Partners | 1 | |
| Phasor Innovation | Startup developing diamond-based magnetometers for GPS-free navigation | 1 |
| Photon Energy | Company that sold the Yadnarie renewable energy facility to AGL | 1 |
| Psychae Therapeutics | Pioneering research into the therapeutic potential of psychedelics for mental health | 1 |
| Regional Development Victoria | 1 | |
| Relevance AI | 1 | |
| Royal Women's Hospital | 1 | |
| Scale Venture Fund I | Backs female founders | 1 |
| South Australian Government | 1 | |
| SQM Lithium Ventures | 1 | |
| Stanford Biodesign | 1 | |
| Stanford Children’s Health | 1 | |
| Stone & Chalk | Deep tech innovation hub hosting ecosystem mixer | 1 |
| Symex | IVF treatment patch developer | 1 |
| Temasek | 1 | |
| Tesla | 1 | |
| The Leaf Protein Co. | Developing functional plant proteins from green leaves | 1 |
| Tixel | Secondary ticket marketplace leader | 1 |
| Tokyo Beyond Makers Program | 1 | |
| Trawalla Group | 1 | |
| Type One Energy | Advancing fusion energy. | 1 |
| Umps | Personal alarms with 24/7 monitoring for seniors | 1 |
| US Department of Commerce | US government department that issued final affirmative determination on duties | 1 |
| US Food and Drug Administration | 1 | |
| Wavewise Analytics | Formerly Cyban, health analytics | 1 |
| WEHI | Medical research institute partnering on the Jumar Bioincubator grant | 1 |
| WILD Program | 1 | |
| Woolworths | Australian grocery retailer using electric truck delivery fleets | 1 |
| xCystence Bio | Victorian biotechnology company developing new treatments for polycystic kidney disease | 1 |
Investors named in Breakthrough Victoria's articles, most-covered first.
| Investor | What it does | Articles |
|---|---|---|
| Alberts | 1 | |
| Aura Ventures | 1 | |
| BioCurate | 1 | |
| Hugh Victor McKay Fund | 1 | |
| Industry Growth Program (IGP) | 1 | |
| Sequoia Capital | 1 | |
| Uniseed | Venture fund backing early-stage deep tech and life science companies | 1 |
| W23 | 1 | |
| Welcome Ventures | 1 | |
| ETF Partners | 2 | |
| Gentrack | 2 | |
| La Trobe Eagle Fund | 2 | |
| Mandalay VC | 2 | |
| Mandalay Venture Partners | 2 | |
| Rubio Impact Ventures | 2 | |
| Square Peg Capital | 2 | |
| E.ON Next | 3 | |
| Eagle Fund | 3 | |
| Industry Growth Program | 3 | |
| Monash Ventures | Monash University's new venture investing identity | 3 |
| NRF Corporation | 4 | |
| Swinburne University of Technology | 4 | |
| Virescent Ventures | 4 | |
| Australian Catholic University | Mission-led university focused on human-centred problem-solving and innovation | 5 |
| Investible | 5 | |
| Swinburne University | Australian university partnering with Infleqtion on quantum sensing research | 5 |
| Deakin University | 6 | |
| LaunchVic | Victorian government agency supporting startup ecosystem | 7 |
| RMIT | 8 | |
| La Trobe University | University from which AlleSense was spun out. | 14 |
| Monash University | University partnered on Remagine Labs spin-out | 16 |
| University of Melbourne | University operating the Melbourne Connect innovation precinct | 19 |
| Breakthrough Victoria | 60 |