Tech businesses in Victoria will soon have access to extra support to expand locally, thanks to a new Victorian Government-backed program.
The Cremorne Digital Hub (CDH) Scaleup Program
to will help fast-growing tech businesses with operations, business development and talent acquisition.
The CDH Scaleup Program will begin by supporting four scaleups with high investment and job creation potential. Applications are now open and the program will start in February 2024.
In addition to receiving industry-specific support, the scaleups will meet potential investors, corporate partners and customers as part of the program. Networking opportunities will be created within the Cremorne startup scene, which is a passionate and growing community.
Victoria’s startup ecosystem has grown in value from $50 billion to $91 billion in the last three years. The CDH Scaleup Program aims to nurture tech scaleups and keep them in the state.
The Cremorne Digital Hub is backed by the Victorian Government and positions Cremorne as a global destination for tech innovation.
Cremorne Digital Hub has partnered with Artesian's Boab AI to deliver the program. Boab AI has an exceptional track-record of supporting AI scaleups and achieving a $365 million aggregate company value.
The Victorian Government has invested $10 million to establish the Cremorne Digital Hub, driving the growth of the state’s tech sector and positioning Cremorne as a top global destination for innovation. The Government is also backing skills and jobs in the sector through the Digital Jobs Program and strengthening local supply chains through the Made in Victoria – Industry R&D Infrastructure Fund, announced in the 2023/24 Victorian Budget.
Learn more: The Cremorne Digital Hub forms part of Melbourne’s network of precincts.