VEIL seeks to identify and promote emerging technical, social and organisational innovations that could form part of future sustainable systems.
VEIL was established by the Victorian government in Australia through the Victorian Sustainability Fund, as part of the government's Sustainability Action Statement, 2006.

VEIL is a project of the Australian Centre for Science Innovation and Society at the University of Melbourne. University partners include: Monash University, School of Design; RMIT University, School of Architecture and Design; Melbourne University, Faculty of Architecture, Building and Planning and the School of Land and Environment. Collaborating research groups include: Swinburne University Faculty of Design; LaTrobe University (Centre for Sustainable Regional Communities, Bendigo).