Victorian Government Invests $37 Million in World View’s Innovative Technology

Article: The Victorian government has announced a $37 million investment in World View, a company at the forefront of stratospheric balloon remote sensing services. This strategic investment, made through Breakthrough Victoria, will enable World View to establish its Indo-Pacific headquarters in Melbourne and create up to 200 jobs in engineering, data science, and material science. World View’s technology utilizes stratospheric balloons to provide high-resolution sensing, weather monitoring, and communication services. With plans to expand into space tourism, World View aims to build and operate launch locations around the world, including the Spaceport Great Barrier Reef in Queensland. This investment positions Victoria as a hub for stratospheric remote sensing research and reinforces the state’s leadership in aerospace technology. Treasurer Tim Pallas expressed excitement about the job opportunities and economic potential that World View’s cutting-edge technology will bring to Victoria. Breakthrough Victoria CEO, Grant Dooley, emphasized the transformative potential of World View’s innovative solutions across various industries. World View CEO, Ryan M. Hartman, cited Victoria’s access to skilled talent, advanced technology, and promising partnerships as key factors in their decision to establish their headquarters in the state.

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