VU RISE and the Innovation Hubs are a continuation of VU’s transformational agenda and vehicles supporting the VU Strategic Plan 2022 – 2028 and VU Research Strategy 2021 – 2025 and the strategic drivers of Maximising Research with Impact, Protecting Country and Partnering with Principle.
The Innovation Hubs have been awarded $22 million of research funding from the Victorian State Government to conduct applied research in partnership with industry, community and government in the west of Melbourne to create solutions and deliver impact that will support our region to respond to the challenges of today’s world.
VU RISE provides an Innovation Hub architecture that is designed to activate opportunities through partnership development, accelerator and incubator programs to develop innovation and entrepreneurial capabilities in VU staff, students and community partner organisations.
Research within the Hubs is place-based to ensure direct impact for the West. The impact potential of the research is both immediate and longer term including: educational opportunities, policy development and application.