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$126 billion in debt but Victoria is still pouring taxpayer money into opaque venture capital project

Summary by Ground News
Breakthrough Victoria uses taxpayers' money to invest in start-ups and expanding businesses in the hope of making a commercial return. It's been described by industry observers as Australia's largest venture capital fund. 7.30 can reveal Breakthrough Victoria invested another $4/million in the company on March 1 amid a funding crisis and mass staff lay-offs. Victorian Treasurer Tim Pallas declined to be interviewed about the fund.

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ABC Australia broke the news in Australia on Tuesday, March 19, 2024.
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