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AAP

Politics

Callum Godde

Vic didn't do homework before tech venture bust: audit

United States Jacinta Allan Xerox holdco

Xerox and the Victorian government went into business to sell safety sensors to monitor bridges. (James Ross/AAP PHOTOS)

The Victorian government leapt into a doomed startup venture with US printing giant Xerox without doing its homework, costing taxpayers $20 million.

In a damning report tabled in state parliament on Wednesday, the Victorian Auditor-General's Office slammed the way the failed Eloque joint venture was set up.

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