An assembled team of experts will help Victoria to continue its standing as a global leader in research, innovation and commercialisation.
The newly appointed independent expert board, led by former Victorian Premier John Brumby AO as Chair, will ensure Victoria remains a powerhouse for new discoveries and breakthroughs, and propel the State’s research and development capabilities.
The board will oversee a new company, with Dr Xavier Csar as its interim Chief Executive Officer, established to administer the Victorian Government’s landmark $2 billion Breakthrough Victoria Fund, which will position Victoria at the forefront of innovation and research.
Mr Brumby will be supported by Professor Jane den Hollander, Dr Amanda Caples and Andrew Bassat as Directors, who boast decades of collective experience in science and technology, commercialisation and investment.
The Breakthrough Victoria Fund will drive investment in research, innovation and growth in key industry sectors like health and life‑sciences, as well as agri‑food, advanced manufacturing, clean energy and digital technologies.
The Fund will also draw on Victoria’s key innovation and employment precincts including Parkville, Arden Macauley, Fishermans Bend, La Trobe Bundoora, Waurn Ponds and Monash Clayton – fostering collaboration between industry and research partners.
The establishment of the Fund complements the Victorian Government’s commitment to establish the Australian Institute for Infectious Disease, announced as part of last year’s State Budget.
Victoria’s medical research sector supports more than 30,000 jobs across institutes, universities and industry, with more than 40 per cent of Australian-based biotechnology and medical technology companies calling Melbourne home.
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