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.
1. AustCyber - Australia’s Cyber Security Sector Competitiveness Plan 2020
Investment opportunities unlocked by Australian Government’s 10 year cyber security strategy
In 2020 the Australian Government launched a 10 year A$1.67 billion strategy for improving online security for Australians, businesses and essential services. Victoria’s cyber security hub is leading the way in developments that will help save the national economy up to A$29 billion per year.2 Click below to find out about opportunities that include:
Security solutions for Australian businesses and citizens
- Data encryption and online security solutions. Australian business across key sectors, including financial, retail, technology providers and essential services, are increasingly vulnerable to online fraud and data breaches
- Innovative software solutions that deliver cyber security in a highly scalable way. Australia’s extensive small and medium sized business cohort currently lacks the scale required to conduct security activities in-house
- Artificial intelligence based security tools that adapt to new data and are stackable within email and web platforms. Australian organisations of all sizes are increasingly turning to cyber AI to identify and contain fast-moving cyber-threats
- Next generation upgrades to the Deployable Joint Force Headquarters and the 1st Signals Regiment to make communications capability secure and deployable
- Enhanced signals intelligence systems and strengthened defence capabilities. Australia’s defence force needs constantly evolving digital systems for secure employment in combat
- Strengthened cyber capabilities to respond to malicious activity. The Australian Signals Directorate incorporates world-class third-party solutions to protect government agencies and critical infrastructure.
Connection to industry partnerships and networks
- Collaborate to advance research and expertise in defense by joining a government supported network of industries, universities and private tech partnerships
- Private tech partnerships with The Australian Defence Alliance, Australia’s largest defence industry advocacy body, to support associated businesses with burgeoning cyber security capabilities.
Case studies: Cyber security
Why invest in Melbourne for cyber security development?
Melbourne’s cyber security hub is positioned for significant growth
Victoria’s strong cyber security sector is a global competitor that exports nearly half of its services3, while driving future expansion across national infrastructure and developing markets.
Victoria is home to:
- 150 cyber security organisations powering a national cyber security industry that ranks 2nd in the world for cyber security policy development and has the 2nd highest level of cyber maturity in the Indo-Pacific region4
- a large and digitally dependent financial services sector, including two of Australia's largest and most globally connected banks and leading superannuation funds, that accounts for 11 per cent of Victoria's economy in a national sector worth 50 per cent of the national cyber security market
- six of Australia’s 10 largest companies, including Telstra, BHP Billiton, Australian Super, and Rio Tinto, are positioned to drive significant investment in the development of secure and reliable systems.
- a large and digitally dependent IT services industry of almost 20,000 businesses, including international firms such as IBM, Microsoft, Intel, HP, Motorola, NEC, Ericsson, EMC, Cisco, Thales, Fujitsu, Hitachi and Bosch
2. ACSC Small Business Survey Report: How Australian Small Businesses Understand Cyber Security 2020
3. AustCyber - Australia’s Cyber Security Sector Competitiveness Plan 2020
4. AustCyber - Australia: A new Cyber Investment Opportunity 2020
Access a deep skill base in cyber security engineering and solutions architecture
- Victoria’s tech talent pool is driving collaborative and innovative responses to national security, with more software development and cloud computing professionals than anywhere else in the APAC region5
- Victoria has a faster growing pool of skilled professionals in cyber security engineering than both Singapore and Sydney, and is under less hiring demand5
- The number of solutions architects in Victoria outstrips both Singapore and Hong Kong, and is increasing faster than elsewhere in Australia5
- There are more software engineers in Victoria compared to NSW and Hong Kong5
- Courses are provided by 21 institutions, with Victoria’s major universities and TAFE providers, partnering with industry to offer 239 cyber security related courses ranging from certificate level through to doctorate6
5. LinkedIn Talent Insights, September 2020
6. AustCyber - Education Map 2021
Ability to develop dynamic research and business partnership models
- Develop innovations and partnerships within a centralised and globally-connected cyber security cluster that includes the Cyber Security Growth Centre, Joint Cyber Security Centre, Data61, Defence Science and Technology Group and the Oceana Cyber Security Centre
- Connect with eight world-leading universities to advance research and development in the areas of network security, AI, verification, organisational security, privacy and cryptography
The Victorian Government pledges strong backing to $1.67 billion cyber security strategy
Australia’s Chief Scientist has identified cyber security as one of the nation’s nine Science and Research Priorities. In 2020, the Australian Government launched its 10 year $1.67 billion strategy for improving online security for Australians, their businesses and essential services.
The Victorian government has:
- 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 cyber security skills and establish Melbourne as the leading development hub in the Asia-Pacific, a high potential region with substantial global share in digital spending.
- launched a matched grant applications for small and medium sized business to adopt or develop innovative tech.
- pledged A$196 million to centralise and strengthen the state's IT services, with a focus on cyber safety.
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.
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