The Victorian Opposition wants to end the state’s $2 billion VC fund
The Victorian Opposition says winding up Breakthrough Victoria and selling off its investments will “save” taxpayers $1.27 billion over the next decade.
The controversial five-year-old $2 billion venture capital fund, Breakthrough Victoria, will be abolished if the Victorian state opposition wins the November 28 election.
The fund recently merged with LaunchVic to become Innovation Victoria, and most recently backed Melbourne IVF startup Gon Global’s $1.2 million raise earlier this month.
Liberal MP and Opposition finance spokesperson Bridget Vallence said winding up the fund and selling off its investments will “save” taxpayers $1.27
Sign up to continue
You've reached your article limit. Create a free account, or log in to continue.
Get our free newsletters in your inbox and extended article access by submitting your email.
Comments