Breakthrough Victoria — Full Portfolio

Aravax is a clinical-stage biotechnology company developing next-generation immunotherapies to treat food allergies.

BiotechHealthtechMedical DevicesMelbourne, AU

SPSara Prickett(Co-founder)in

Co-investorsBRBrandon CapitalNONovartis Venture FundTETenmileUNUniSeed Pty Ltd.

Bygen manufactures activated carbon from renewable nut shells and sustainable forestry materials for use in water filtration, air purification, pharmaceuticals, cosmetics, and manufacturing industries.

Advanced ManufacturingCircular EconomyCleantechNew MaterialsMelbourne, AU

LDLewis Dunnigan(Founder)in

Co-investorsARArtesianIMImpact Ventures Management Pty Ltd

Kite Magnetics develops Aeroperm®, a nanocrystalline magnetic material that improves electric motor efficiency, targeting automotive powertrains and unmanned aerial vehicle propulsion systems.

Advanced ManufacturingCleantechDeep TechEnergyHardwareNew MaterialsVictoria, AU

RPRichard Parsons(Founder and CEO)inKiyonori Suzuki(Professor)Liz Williams(Senior Executive)in

Co-investorsBLBlackbird VenturesBOBoson VenturesGAGalileo VenturesINInvestible Climate Tech FundPOPossible VenturesSQSQM Lithium Ventures

Additive provides a GenAI tool that extracts tax data from K-1, K-3, and related forms (including state forms, 199A, 926, and others), converting PDF tax packages into Excel workpapers or JSON via a web app, Excel add-in, or API.

AI & Machine LearningFintechSaaS

VIVenky Iyer(Founder)in

Co-investorsMAMantis CapitalACACORN BIOVENTURESAMAM VenturesELElad GilFRFred EhrsamIMImmad Akhund+2 more

Amber gives Australian households direct access to wholesale electricity pricing so they can shift usage to cheaper, greener times and automatically export stored battery and EV energy for higher earnings.

CleantechClimate TechConsumerEnergy

CTChris Thompson(Founder)inDADan Adams(Founder)inJBJohn Bartonin

Co-investorsALAlberts Impact VenturesBLBlack Sheep CapitalETETF PartnersGIGiant LeapIMImpact Ventures Management Pty LtdMAMain Sequence Ventures+6 more

Atmo Biosciences develops an FDA-cleared ingestible capsule using gas-sensing technology to diagnose gastrointestinal dysmotility conditions for gastroenterologists.

BiotechHealthtechMedical DevicesNew York City, US

MHMal Hebblewhite(CEO)

Cadmus is a university-partnered assessment platform for higher education that supports secure exams, collaborative tasks, academic integrity insights, and assisted marking.

EdTechSaaS

HKHerk Kailis(Founder)in

Co-investorsCACardinia VenturesMEMelbourne Accelerator Program (MAP)SESEEK InvestmentsEMEmerge EducationGLGlitch Capital

Cerulea Clinical Trials runs ophthalmic clinical trials focused on vision research, giving patients access to new therapies and clinical care.

BiotechDigital HealthHealthtech

Conflu-X Technology manufactures thermal management products including cold plates, intercoolers, and liquid cooling solutions for automotive, aviation, data center, defense, and industrial applications.

Advanced ManufacturingData & InfrastructureHardware

Co-investorsAMAM VenturesACACORN BIOVENTURES

Diag-Nose.io develops precision diagnostics and therapies for respiratory diseases including asthma, COPD, and sinusitis by combining nasal microsampling, proteomics, and machine learning to analyze airway biology.

AI & Machine LearningBiotechDigital HealthMedical Devices

Co-investorsMEMedTech ActuatorRARadar Ventures

Eden Brew develops food and supplementation products designed to deliver nutrition in natural forms that align with how the human body processes nutrients, with a focus on sustainable scaling and long-term health support.

BiotechDeep TechFoodTechHealthtechImpact & Social Good

JFJim Fader(Founder)in

Co-investorsININP CapitalMAMain Sequence VenturesDIDigitalis VenturesPOPossible VenturesRARadar Ventures

ElectraLith develops electrochemical and material-science technologies for lithium production and battery recycling in the renewable energy and mining sectors.

CleantechDeep TechEnergyNew Materials

CMCharlie McGill(CEO)inSOSJ Oosthuizen(CTO)in

Co-investorsINIn-Q-TelMAMain Sequence VenturesVXVX VenturesFAFathom

EntroMat produces High Entropy Material (HEM) powders using patented, computationally designed compositions for high-performance alloys.

Advanced ManufacturingDeep TechNew Materials

Co-investorsSWSwinburne Innovation Studio

FLAIM develops immersive extended-reality training systems for first responders, defence personnel, and high-risk industry workers to prepare for real-world emergencies.

Deep TechDefense TechEdTechMelbourne, AU

Simon Miller(Managing Director)inFergus Porter(Chief Product and Technology Officer)in

Co-investorsCOCommon Sense VenturesSISignificant Ventures

A B2B food technology company building a better plant-based meat system.

Sydney, AU

KKKristi Knaack Riordan(Founder)in

Co-investorsALAlberts Impact VenturesAUAura VenturesINInvestible Climate Tech FundMAMandalay Venture Partners

Innovation Victoria is a board-led organisation that supports innovation, investment and growth across the state of Victoria.

Sector AgnosticMelbourne, AU

BoardRBRod Bristow(CEO)in

JigSpace enables companies with hardware and physical products to create interactive 3D and augmented reality presentations for investor pitches and customer demonstrations without coding, using CAD files and simple drag-and-drop tools.

Creator EconomyDeep TechDeveloper ToolsEnterprise SoftwareMarketing TechSaaSSales Tech

ZDZac Duff(Founder)in

Co-investorsANAnorak VenturesAUAura VenturesFLFlying Fox Ventures

Jupiter Ionics is developing an electrochemical process to produce ammonia for clean energy and carbon-neutral fertilisers used in sustainable agriculture.

AgTechCleantechClimate TechEnergyMelbourne, AU

Douglas MacFarlane(Founder)Alexandr Simonov(Founder)CDCharlie Day(CEO)in

Co-investorsTETenacious Ventures

Liquid Instruments develops Moku, a reconfigurable integrated test system for complex research and development applications.

Deep TechDeveloper ToolsEnterprise SoftwareHardware

DSDaniel Shaddock(CEO)inDWDanielle Wuchenich(Chief Operating Officer)in

Co-investorsANAnzu PartnersSISignificant VenturesACACORN BIOVENTURESACAcorn CapitalLOLockheed Martin VenturesMAMA Growth Ventures

Millibeam develops PHASEBEAM, a low-cost 5G transceiver platform for FR1 applications in the 3.3–4.1 GHz band, supporting 2x2 MIMO configurations for handsets and fixed wireless access devices.

Deep TechHardwareSemiconductorsNot stated, AU

Co-investorsARArchangel VenturesMAMain Sequence VenturesARArchangel

Navi develops a medical device — an ECG-based catheter tip location system for newborn and pediatric patients — to help doctors and nurses in neonatal and pediatric intensive care units deliver better vascular access care.

Digital HealthHardwareHealthtechMedical DevicesMelbourne, AU

Alex Newton(CEO & Co-founder)inShing

BoardChristiane

Co-investorsARArtesian

Neo-Bionica develops neurotechnology devices and systems, leveraging expertise in implantable device design, neural interfaces, and medical device engineering for the neurotech market.

BiotechDeep TechMedical DevicesMelbourne, AU

LLLudovic Labat(CEO)in

BoardLusia Guthrie AM(Chair)

Number8 develops solutions to increase productivity and reduce emissions in grass-fed cattle operations and their retail supply chain.

AgTechBiotechClimate TechFoodTechImpact & Social GoodAustralia, AU

Tom Williams(Co-founder)Alex Carpenter(Co-founder)in

Co-investorsICIcehouse VenturesMAMain Sequence VenturesPOPossible VenturesTHThe March Group

Quantum Brilliance develops integrated quantum microchips based on diamond nitrogen-vacancy centers for sensing and computing applications.

Deep TechHardwareQuantum ComputingSemiconductorsStuttgart, DE

MDMarcus Doherty(Founder)inMark Luo(Founder)inAndrew Horsley(Founder)

Co-investorsCPCP VenturesINIn-Q-TelINInterValley VenturesINInvestible Climate Tech FundMAMain Sequence VenturesR&R&D Tax Incentive+6 more

RayGen is an Australian clean energy company that develops long-duration energy storage systems combining solar power generation with electro-thermal storage to provide renewable energy on demand.

CleantechClimate TechEnergyHardwareVictoria, AU

Dr John Lasich(Executive Director, Founder & Chief Research Officer)

Co-investorsEQEquinor VenturesCHChevron Technology VenturesR&R&D Tax Incentive

AI-powered enzyme technology that breaks down hard-to-recycle plastics for infinite recycling.

Paul Riley(Founder)

Co-investorsDCDCVC (Data Collective)FOFourward VenturesGRGreycroftHIHitachi VenturesININP CapitalMAMain Sequence Ventures+5 more

This appears to be a research article or blog post from Seer Medical describing a study on using ECG (electrocardiogram) signals for seizure detection as an alternative to traditional EEG-based methods.

BiotechDigital HealthHardwareMedical Devices

Co-investorsGIGiant Leap

Smart Paddock develops an integrated livestock monitoring platform combining GPS tracking, water tank monitoring, and fence line management for farm operators.

AgTechData & InfrastructureIoTSaaSAustralia, AU

Co-investorsSKSkalata

Smileyscope develops virtual reality digital therapeutics for clinical procedures that reduce patient pain and anxiety without sedation.

Digital HealthHealthtechMedical DevicesAustin, US

Paul Leong(Executive Officer, Director)inEvelyn Chan(Executive Officer, Director)inNRNoah Rolland(Executive Officer, Director)in

BoardFred Toney(Director)

Co-investorsMEMelbourne Accelerator Program (MAP)ALAlice Anderson FundTETen13

A venture capital firm that invests in the commercialization of research, with a focus on innovations emerging from the University of Melbourne and its affiliated medical research institutions and hospitals in the Melbourne Biomedical Precinct.

BiotechDeep TechImpact & Social GoodMelbourne, AU

Co-investorsTETenmileAGAGI HOUSE VENTURESARAramco VenturesBTBTECH CONSORTIUMEJEJF VenturesLALakestar+1 more

Type One Energy is a fusion energy startup founded by stellarator experts to design and commercialize a next-generation stellarator fusion power plant.

CleantechClimate TechDeep TechEnergy

CMChris Mowry(CEO)inBrian Matthews(Founder)Chris Hegna(Founder)David Anderson(Founder)John Canik(Founder)Randall Volberg(Founder)

Co-investorsBRBreakthrough Energy VenturesGDGD1OROrbia VenturesTDTDK VenturesTRTRIRECVOVoLo Earth Ventures+4 more

Umps provides personal alarm and monitoring solutions for older adults seeking to maintain independent living at home rather than enter aged care facilities.

AgTechConsumerHardwareHealthtechIoTLongevityWellness & FitnessAustralia, AU

AJAdam Jahnke(Co-founder and CEO)in

Co-investorsINInterValley Ventures

Viridian Renewable processes black soldier fly larvae to produce food-grade protein, oil, and frass ingredients for manufacturers.

AgTechCircular EconomyCleantechFoodTech

Wavewise develops brain monitoring technology for brain injury care in healthcare settings.

Deep TechDigital HealthHealthtechMedical Devices

Co-investorsSISignificant Ventures

Worldview provides high-altitude balloon remote sensing and persistent stratospheric observation, integrating sensors and platforms across air, stratosphere, and space into a unified intelligence workflow.

AI & Machine LearningDefense TechSpace TechTravel & HospitalityTucson, US

TMTaber MacCallum(Founder)inJPJane Poynter(Founder)inGAGrant Anderson(Executive Officer, Director)inASAlan Stern(Founder)inStephen Wideman(Executive Officer)inRHRyan Hartman(Executive Officer, Director)in

Co-investorsACAccelBABase Venture Management, Inc.NONorwest Venture PartnersRERevolutionWEWestern Technology InvestmentCACanaan Partners+2 more

Xefco develops advanced materials and manufacturing solutions for the textile industry, with a focus on sustainable dyeing and finishing technologies.

Advanced ManufacturingCleantechNew MaterialsGeelong, AU

THTom Hussey(Founder)in

Co-investorsMAMain Sequence VenturesPAPacific ChannelVIVirescent Ventures

YieldX develops an AI-powered biosecurity platform for poultry production that uses IoT-based scent detection to predict, detect, and prevent disease outbreaks in food production systems.

AgTechAI & Machine LearningIoTCaesarea, IL

Izak Shoshana(Founder)in

Co-investorsTETechstars

Zena makes patented, impact-protection vests contoured for female anatomy to guard the sternum, breast, and rib area for girls and women playing contact sports.

Direct to ConsumerSports TechWellness & Fitness