The Victorian Government has established the Better Care Victoria Innovation Fund to help the sector identify, scale and embed innovation effectively.
In its first year, the fund received $10 million to invest across the state. $8 million of these funds were invested in sector-led projects that demonstrated a strong ability to improve timely and appropriate access to high quality care for Victorians. $2 million was invested towards capability for innovation within the sector.
The Fund received a further $10 million in 2017-18. These funds supported a further 11 sector-led innovation projects in regional and metropolitan Victoria, as well as scaling two of our 2016-17 projects across the sector. We also invested in developing leadership and capability for innovation within the sector.