News
All the latest news from Innovation Victoria.
Weekly Ecosystem Wrap | Friday 2 October 2026
Each week, we round up what's happening across Victoria's startup and innovation ecosystem, from events and opportunities to news from across the community.
2025 Cohort Wraps Up for Innovation Victoria's University Innovation Platform Fellowship
As the inaugural Fellowship year draws to a close, we invited each founder to reflect on their experience, from the early uncertainties of building a company to the moments that convinced them they were on the right path.
Innovation Victoria Invests In Victoria's Next Generation Of High-growth Companies
Innovation Victoria’s Grants for Scaling Accelerator Programs grant round will support new accelerator programs that help established Victorian innovation-led companies build the capability, connections and confidence needed to grow.
Weekly Ecosystem Wrap | Friday 25 September 2026
Each week, we round up what's happening across Victoria's startup and innovation ecosystem, from events and opportunities to news from across the community.
Deep Sleep Health Is Scaling a New Model for Sleep Care
Clinical psychologist and researcher Dr Sumedha Verma has made it her mission to help people achieve a restful night’s sleep.
Investment Update: Amber Electric secures $78.5m funding round
Series E funding to support expansion across Australia and Europe, marking significant milestone in energy tech's growth journey.
Investment Update: Remagine Labs Closes Seed Round
Important milestone reached as wearable iontophoretic transdermal drug delivery platform progresses towards first-in-human studies.
Weekly Ecosystem Wrap | Friday 11 September 2026
Each week, we round up what's happening across Victoria's startup and innovation ecosystem, from events and opportunities to news from across the community.
Innovation Victoria Powers Next Gen Of AI Companies In Collab With NVIDIA
A strategic collaboration with NVIDIA to accelerate AI adoption across Victoria, helping local companies compete globally, drive innovation at scale, and capture the economic benefits of the AI revolution.
Innovation Victoria-backed ElectraLith Wins Global Innovation Award in Paris
Melbourne company becomes the first direct lithium extraction technology provider to take out the prestigious World Materials Forum Grand Prix.
Weekly Ecosystem Wrap | Friday 4 September 2026
Each week, we round up what's happening across Victoria's startup and innovation ecosystem, from events and opportunities to news from across the community.
Investment Update: GonGlobal
Innovation Victoria is partnering with RMIT University to invest $1 million in GonGlobal, a groundbreaking biotech startup developing a new form of IVF without the needles.
Galileo Ventures hits first close of new fund connecting Vic startups to US venture capital
Galileo Ventures, the first VC fund in Australia to open and run a US office in San Francisco, has closed the first round of its latest fund with backing from Innovation Victoria.
Myostellar Secures Agreement With Global Biotech Argenx
A Victorian biotechnology company that began inside a university research institute is taking another significant step towards the global stage.
How Kite Magnetics Is Powering the Next Generation of Electric Motors
Kite Magnetics secures a $2 million Australian Government Industry Growth Program grant to accelerate commercialisation of its Aeroperm™ electric motor technology and support its next phase of growth.
Amber Electric: giving households smarter control of energy
Amber Electric is a Melbourne-based climate technology company helping households make smarter use of their energy consumption in a rapidly changing system.
Diag-Nose.io mapping a unified airway.
Melbourne‑based medtech Diag-Nose.io is developing a new generation of precision medicine tools designed to improve how chronic respiratory diseases.
Fellowship Investment Update: Michelle Chen
Mental Jam founder Michelle Chen (RMIT University PHD graduate) is developing mobile video games co-created with people who have lived experience of mental health challenges.
Venture Growth Fund
The Venture Growth Fund (VGF) offers eligible high-growth startups access to venture credit of between $50,000 and $5 million, helping create jobs and driving economic growth.
Inside Ochre: A Startup Program for First Nations Entrepreneurs
The Ochre pre-accelerator program supports Indigenous founders at the earliest-stages of their entrepreneurial journey.
Innovation Victoria Fund Investments
In addition to direct investment, and grants, Innovation Victoria has a number of strategic investments in a series of leading Venture Capital funds.
YieldX
YieldX has developed a patented technology called the Omni-System.
How Remarkable Is Turning Disabilitytech Ideas Into Impact
Launcher is a pre-accelerator program for early-stage founders and startups to test, validate and build their Disability Tech solutions.
La Trobe University's Eagle Fund
The launch of the La Trobe University Eagle Fund marks a significant milestone in Victoria’s innovation ecosystem.
How Oho Protects Australia’s Most Vulnerable
Oho is Australia’s only continuous workforce screening platform. It connects to 23 government registers to verify an employee’s right-to-work and their safeguarding credentials for organisations.
Recent Good News from our portfolio
It’s been another strong period of momentum across the Innovation Victoria portfolio, with companies continuing to secure major grants, international partnerships, regulatory milestones and global recognition. Here's a wrap of some of the good news across April and May this year.
Investment Update: Excelligent
Excelligent is a La Trobe University spin-out biotech company pioneering the development of a revolutionary blood-based diagnostic platform. This cutting-edge technology enables early and accurate detection of Alzheimer’s, Parkinson’s, and other neurodegenerative diseases, transforming the landscape of medical diagnostics and patient care.