Victoria’s status as a key global destination for technology investment and innovation has been given a boost with the Cremorne Digital Hub entering a new phase in its development.
With the headquarters secured, the Hub has a new CEO and board to guide its mission to strengthen the state’s tech offering by encouraging global investment, cross-industry collaboration and growth of the state’s talent and skills.
The Hub will continue to build on Cremorne’s transformation from a manufacturing centre to a magnet for international investment, high-tech businesses, and innovation jobs. More than 700 businesses and around 10,000 workers are already based in the growing precinct.
Cremorne contributes more than $4 billion to the state’s economy each year and is already home to some of Australia’s most successful tech companies, including Carsales.com, SEEK, REA Group and MYOB.
Through the $50 million Cremorne Venture Fund – to be managed by Artesian – the Hub will also play an active role in commercialisation by investing in exciting new digital companies that can take Victorian innovation to the world.
International business leader Mark Sims has been named as CEO and prominent corporate executive and investor Monique Conheady will serve as inaugural Chair of the Hub.
Mr Sims has worked for numerous Fortune 100 companies and previously served as chief operating officer for Hong Kong-based EdTech company Xccelerate.
Ms Conheady is the co-founder of Australia’s first carshare service Flexicar and Chair of JET Charge, Australia’s leading provider of electric vehicle charging infrastructure. Joining her on the board are chief executive of the Melbourne Chamber of Commerce Scott Veenker and co-founder of Artesian and Boab AI Matthew Clunies-Ross.
Shareholders Carsales.com, investment firm Artesian, University of Melbourne, RMIT and La Trobe universities will also work together on the Hub’s development to boost collaboration between academia and industry.
For more information about the Cremorne Digital Hub, visit the Cremorne Digital Hub.
The Cremorne Digital Hub forms part of Melbourne’s network of precincts, learn about these networks and how these can assist your investment: https://www.invest.vic.gov.au/opportunities/precincts/melbourne-precincts
We can help you explore the best options for you in any of Melbourne’s precincts, contact us.
