Major and emerging tech organisations are joining Victoria’s rapidly growing cyber security sector. Find out why, and explore the reasons you should join them.
Victoria is Australia’s leading cyber security hub, with a thriving tech base that is developing global security solutions. It is also opening major foreign investment opportunities to locally develop and deliver world-class security for Australian businesses and defence.
Home to over 150 national and multinational cyber security organisations, Victoria’s thriving technology sector has produced some of Australia’s most successful cyber providers with a skilled cyber security workforce of nearly 9,0001 providing a driving force in its ongoing success.
Join international tech leaders who have successfully based operations within Melbourne’s globally recognised tech sector to develop cyber security solutions, including Google, KnowB4, Leidos, Wipro and Darktrace.
Opportunities for AI technology investment in Melbourne
Advance smart transport projects
The Victorian construction sector is looking to AI to help support an $80 billion transport project pipeline which will require future-facing intelligent transport systems, automated drone and freight networks and systems that leverage digital sensors.
Develop innovative fintech AI
The financial services sector is Victoria’s largest industry, with a fintech core that includes over 2,000 startups and two of Australia’s largest globally-connected banks. This sector is utilising a AI innovations in transactions, security and e-commerce solutions that enhance Australia’s $62.3 billion online retail sector.
Boost robotics growth
Victoria’s mature base in key sectors, including manufacturing, logistics, resources and services, is increasingly looking to AI to accelerate the rate of robotics and automation. This AI expansion is servicing a transition of workforce to higher skilled occupations and boosting robot-driven productivity.
Provide AI solutions for health and life sciences
The Victorian Government is progressively leveraging AI driven technology to assist with the provision of assets that deliver data-driven insights and facilitate the best possible treatment decisions. AI driven technology can assist with the provision of medical, pharmaceutical and imaging services to remote communities.
Develop smart agriculture innovations
Victoria is the centre of Australia’s agriculture industry, with opportunities for companies with innovative AI solutions to improve agricultural production in the state. IOT devices in Australia are predicted to grow 20 per cent year on year reaching 75 million connected devices by 2023.
Case studies: Artificial Intelligence
Why develop your AI product in Melbourne?
Tap into leading capabilities and R&D infrastructure
Victoria’s universities and research hubs are making considerable investments in their AI capabilities and are seeking to partner with international firms. This world-leading AI research ecosystem includes:
- A.I. and Autonomy Lab: The University of Mebourne’s research lab seeks to develop innovative approaches to high-level cognitive reasoning.
- Centre for Artificial Intelligence and Digital Ethics (CAIDE) facilitates cross-disciplinary research, teaching and leadership on the ethical, regulatory and legal issues relating to Artificial Intelligence (AI).
- Intelligent Data Analytics Laboratory: Swinburne University’s Intelligent Data Analytics Lab leverages the combined power of artificial intelligence, robust data analysis solutions needed by industrial and governmental sectors.
- Monash University: Monash Data Futures Institute: has partnered with Google to establish the world’s first suicide monitoring system using AI-coded ambulance data, to exploring artificial consciousness as a key to healthy brain functioning.
- Monash University: Artificial Intelligence for Law Enforcement and Community Safety (AiLECS) Lab: Is a collaboration with the Australian Federal Police to research automated classification of distressing materials, characterisation of behaviour on the dark web and prioritised file search.
- Laboratory of Artificial Intelligence Nanophotonics (LAIN): RMIT University’s lab is investigating artificial neural networks at the same length scales as those in nature, ultimately to allow for 3D nano-printing of artificial “minds”.
- AI Innovation Lab: RMIT University’s multi-disciplinary artificial intelligence research node, targeting problems that have a direct impact and focusing on solving practical real-world problems by bringing AI to a wide range of industries and sectors.
- Centre for Data Analytics and Cognition: La Trobe University's centre focuses on research and development of cutting-edge Artificial Intelligence algorithms and Data Analytics platforms.
- Centre for Multimedia Computing, Communications, and Artificial Intelligence Research (MCCAIR): Based at Federation University’s Gippsland Campus, the Centre for Multimedia Computing, Communications, and Artificial Intelligence Research (MCCAIR) conducts research on innovative multimedia concepts, technologies and applications.
- Centre for Informatics and Applied Optimization: This is an internationally recognised research centre, delivering basic and applied research in mathematics and information technology. The Centre also has applications to industry and government. It is currently located within the School of Science, Information Technology and Engineering.
Access a concentration of AI talent and skills
- Victoria’s 10 universities are among the best in the world, and home to Australia’s only two globally top 50 universities – the University of Melbourne and Monash University.
- Monash University delivers graduates from its Masters of Artificial Intelligence course, the University of Melbourne delivers graduates from it top ranked computer science related degrees, and the Monash Data Futures institute offers capability in AI and data science.
- RMIT University delivers gradates from its Master of Artificial Intelligence course and has an AI Innovation Lab that focuses on bringing AI to the industries of transport, food and agriculture, and advanced manufacturing.
- Victoria’s tech talent pool of skilled AI professionals with cloud computing and machine learning skills is growing faster than anywhere else in Australia in 20201.
- Victoria has a large and fast growing number of professionals with business development skills in the Information Technology and Services industry, growing faster than NSW and QLD1.
- Victoria has a large pool of talent in key tech occupations. The number of solutions architects in Victoria outstrips both Singapore and Hong Kong, and is increasing faster than elsewhere in Australia. There are more software engineers in Victoria (over 12,000) compared to NSW and Hong Kong1.
1. Department of Education, Skills and Employment, Student Enrolments, 2022
Benefit from strong government commitment and support
The Victorian Government has:
- partnered with Israeli tech firm Data Science Group (DSG) to establish a world-leading international Artificial Intelligence (AI) Centre of Excellence, which will support Australian businesses’ rapid development of advanced AI solutions and models.
- committed A$1.5m alongside $8 million of private sector capital via Venture Capital manager Artesian, to establish the Boab AI’s Scaleup program, Australia’s first accelerator program to scale-up artificial intelligence companies.
- funded the Innovation Hub in Melbourne’s Docklands CBD to bring together businesses, research organisations and industry associations.
- established a new digital hub in Cremorne that will be a world class facility to upskill Victoria's tech workforce, foster entrepreneurial startups and drive partnerships.
- developed a workforce plan to attract, develop and retain specialist skills and establish Melbourne as the leading development hub in the Asia-Pacific, a high potential region with substantial global share in advanced digital spending.
- launched a matched grant applications for small and medium sized business to adopt or develop innovative tech.
We can help you with your next market entry project
If you are considering investing in Melbourne, we can help you scope the market opportunity in Melbourne/Australia and assist you with your business case development.
Working with us will allow you to be fully informed and limit the number of surprises associated with your new investment. Our staff are experienced and well connected and can introduce you to potential partners to help make your investment a success.
contact Adam Cunneen
Victoria to North Asia
|SE Asia enquires |
contact Michelle Wade
South East Asia
|All other enquiries |
contact Craig Harrison
Or go to our All Offices page to find your nearest Invest Victorian representative.