A state of the art manufacturing hub has been launched in Geelong, 75 kilometres south-west of Melbourne, that will create hundreds of jobs and stimulate business in the region.

The world-class and innovation hub, called ManuFutures, will be located at Deakin University in Waurn Ponds, a southern suburb of Geelong.

The A$13 million facility is expected to create up to 400 full-time jobs, boost commercial returns from research for up to 15 advanced manufacturing enterprises and drive the Barwon Region's transition to high tech, smart manufacturing.

ManuFutures is designed to foster and attract a highly skilled, knowledge-centric workforce within the Geelong Innovation Precinct and surrounding regional businesses.

The Victorian Government will contribute A$3 million towards the facility as part of its A$500 million Regional Jobs and Infrastructure Fund.

This announcement builds on the A$7.5 million in funding now open to manufacturing businesses in the Geelong region under the Government's Local Industry Fund for Transition program.