Victoria is home to a diverse range of highly capable and internationally competitive industries including manufacturing, medical technologies and pharmaceuticals, food and fibre, professional services, and construction technology. The value this quality and diversity brings to Victoria’s economic prosperity and resilience cannot be taken for granted and must continue to be supported and fostered.

Our state is also an epicentre for emerging industries including space, new energy technologies, and digital technologies. Victoria’s research and development capabilities are well regarded around the world thanks to our high achieving education sector of universities, TAFEs, and more. Yet, we have so much more opportunity to embrace new ways of working for a more sustainable and successful future. This can be achieved through new partnerships, research, and the development of new products, services, and how we conduct business.

Our focus

• Ensure Victorian small, medium and family enterprises are supported to identify and leverage the next growth opportunities.
• Improve the integration and resilience of supply chains in Victoria to help businesses thrive.
• Deliver structured opportunities for Victorian businesses to connect with international markets.
• Nurture local capability to support the rapid growth of high-potential industries.
• Ensure the regulatory and policy environment supports industry development and innovation, including by using government procurement as a strategic lever.
• Increase the adoption rate of innovative technologies by Victorian businesses.
• Increase the number and value of research-business collaborations.
• Increase the translation and commercialisation of research.
• Increase public and private sector investment in research infrastructure and promote greater diversity in the research and innovation workforce.