The Better Care Victoria Innovation Fund is governed by the independent Better Care Victoria Board. The Board consists of twelve members with expertise in a broad range of areas, including medical research, public health, leadership, consumer engagement, and rural and regional health services. 

Two advisory committees, the Consumer Advisory Committee and the Emerging Leaders Clinical Advisory Committee, provide expert advice to the Board in their respective areas of specialist knowledge.

The projects and programs funded by the Better Care Victoria Innovation Fund are administered by a team that sit within Safer Care Victoria. This team come from a broad range of professional backgrounds.