The Victorian Government has announced a $35 million innovation spending initiative in the State 2012-13 Budget.

 

Victorian Minister for Innovation Louise Asher said the innovation budget will double the number of Victoria Prize and Fellowships on offer, as well as a number of new initiatives.

 

"A $5 million voucher program will promote the uptake of new skills and support businesses to exploit Victoria's world-class science and research capabilities," Ms Asher said.

 

"Increasing the number of these awards demonstrates the Coalition Government's commitment to furthering Victoria's status as the science and research capital of Australia.

 

"I am also pleased to announce that the number of Innovation Fellowships offered annually by the Victorian Endowment for Science, Knowledge and Innovation (VESKI) will be increased with a new $1.5 million commitment.”