Artificial Intelligence

Artificial Intelligence in Melbourne

Unprecedented investment in artificial intelligence in Melbourne is delivering global advancements.

Research, develop and launch your AI solution from this globally-connected hub.

In 2021, investment in Artificial Intelligence (AI) in Victoria grew a massive 400 per cent, from A$20 to A$80 million, with a focus on advancing a rapidly growing market for new technology.

Melbourne is the heart of a vibrant and growing tech sector and is home to over 20 per cent of Australia’s AI start-ups and scaleups. It’s this advanced AI ecosystem that has helped drive Australia to the forefront of ‘digitally transformed nations’, sitting in the top 9th percentile of CISCO’s Digital Readiness Index – ranking higher than Japan, Canada, Germany and New Zealand.

Join organisations such as IBM, Korber, Dataminr, Elbit Systems, Bukalapak, Fanplayr , Five9, and Data Science Group, who have chosen Melbourne to showcase the capabilities of their Artificial Intelligence systems.

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Opportunities for AI technology investment in Melbourne

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:

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.
  • Melbourne is home to the annual Digital AI Summit, Australia’s premier artificial intelligence event, bringing together industry leaders to discuss the current state of AI and its potential business applications.
Source:

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 us

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UK and Europe
enquiries 
contact Tim Dillon
Agent General, UK
Email Tim
US enquiries
contact Nigel Warren
Commissioner,
North America
Email Nigel
SE Asia enquires
contact Michelle Wade
Commissioner,
South East Asia
Email Michelle
All other enquiries
contact Craig Harrison
Executive Director,
Melbourne
Email Craig

Or go to our All Offices page to find your nearest Invest Victorian representative.