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Victoria Premier Daniel Andrews believes the state’s science and innovation can match it with the best in the world.

Andrews announced $100 million from the Breakthrough Victoria fund to universities so that breakthrough ideas can be turned into business proposals.

Victorian Prime Minister Daniel Andrews.Credit:wayne taylor

Among the examples was a bone prosthesis that can replace the work done by screws and other surgical devices that was developed at RMIT in partnership with other companies and investors.

Andrews said turning innovators’ ideas into jobs and profits would help Victoria continue to grow after the pandemic.

“It’s a big part of our future. But it’s happening right now,” Andrews said Thursday.

“It’s not about waiting in hope for private sector investment. You have to make these things happen. You need to capture those ideas, help bring them to fruition, and then make sure the jobs are here, in Melbourne and across Victoria, in every industry.

“What we saw today is a unique ability. It is a fantastic training and learning center and the industry partnerships are second to none.

“We cannot take anything for granted. We have great challenges as a state as a nation coming out of COVID. And the only way to meet these challenges is to get out of these challenges. And if you have all the best ideas coming from Melbourne, but the profits and the jobs are going to Singapore or San Francisco, that’s not good for Victoria.

“It’s about supporting universities and those who, through universities, are making these incredible, incredible discoveries. Come up with these great ideas. They just need support to take those ideas and turn them into products, profits and jobs and that’s exactly what this platform will do.

“We are delighted to be here today. It’s $100 million. It is not a budget cost. It’s a big investment to make sure we do more things here and have more people working here.

“When you talk about the world’s great cities 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 you that we appreciate that and are continually investing to ensure that the leadership position is secured, secured for the future.

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