“To date, there isn’t much evidence that Breakthrough Victoria will move the dial in a significant way, and there is a good argument for the funding to be redirected towards polices that more effectively achieve that outcome.”
Shiffman, a tech investor and start-up founder, said that rather than using taxpayer money to take equity stakes in start-ups, the government should provide interest-free loans to help companies access the existing research and development tax incentive, as well as office premises for early-stage ventures and payroll tax relief for more established ones.
Business figure Paul Bassat says Breakthrough Victoria should be wound up.Credit: Nicole Reed
“Picking winners with a relatively undefined mandate using a…
