Victorian Prime Minister Daniel Andrews believes that state science and innovation can match the best in the world.
Andrews announced $ 100 million from the Victoria Breakthrough Fund to universities so that innovative ideas can be turned into business proposals.
Victorian Prime Minister Daniel Andrews. Credits: Wayne Taylor
Examples included a bone prosthesis that can replace the work done with screws and other surgical devices that has been developed at RMIT in collaboration with other companies and investors.
Andrews said turning the ideas of innovators into jobs and profits would help Victoria continue to grow after the pandemic.
“That’s a big part of our future. But it’s happening right now,” Andrews said Thursday.
“It’s not a matter of looking forward to private sector investment. You have to make these things happen. You need to capture these ideas, help them come to fruition, and then make sure the jobs are here in Melbourne and in Victoria, in every industry.
“What we have seen today is a unique ability. This is a fantastic center for training and learning and the partnerships with the industry are second to none.
“It simply came to our notice then. We have great challenges as a state as a nation coming out of COVID. And the only way to meet those challenges is to increase our way out of those challenges. And if you have all the best ideas in Melbourne, but the profits and jobs will go to Singapore or San Francisco, this is not good for Victoria.
“It’s about supporting universities and those who make amazing and amazing discoveries through universities. Having these great ideas. They just need support to take these ideas and turn them into products, benefits and jobs and that that’s exactly what this platform will do.
“We’re thrilled to be here today. It’s $ 100 million. It’s not a cost to the budget. It’s a deep investment to make sure we do more things here and have more people working right here.
“When you talk about big cities in the world for science, and the same can be said for innovation and product development, for technology, you have London, you have Boston and you have Melbourne and we have to make sure we value it. and we continually invest to ensure that our leadership position is guaranteed, guaranteed for the future. “