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Victoria launches innovation hub to strengthen economy by providing startups with a supportive environment

A new home for innovation will be provided for leading startups as Victoria officially launches the refurbished Goods Shed North. The innovation hub will be bringing together leading startups across a range of sectors that include medtech, agtech, fintech and cybersecurity.

Found at the heart of Melbourne’s Docklands, the Victorian Innovation Hub was launched by Minister for Innovation and the Digital Economy Philip Dalidakis at the historic 111-year-old building.

According to the report made by the Victoria Government, the new hub will strengthen the economy of the state by connecting startups and entrepreneurs with mentors and investors, and provide a world-class co-working facility that fosters collaboration and innovation.

Minister for Trade and Investment Philip Dalidakis said, “This hub is the next step towards giving Victorian startups and entrepreneurs the help they need to expand, network and be in a supportive environment that will help them turn their dreams into reality.”

LaunchVic will be leading the space and will give home to 360 of Australia’s top startups, accelerators and incubators. LaunchVic is the startup development agency of the state of Victoria.

Among the startups that will be occupying the multi-sector innovation hub are fintech startup hub Stone & Chalk, agtech accelerator SproutX, Australia’s national medtech accelerator The Actuator, leading technology accelerator Startmate and the CSIRO’s data analytics experts Data61.

The reputation Victoria as Australia’s home of innovation and technology is further cemented by the announcement of a dedicated innovation hub for emerging industries.

Moreover, as part of a new A$ 1.1 million-partnership with LaunchVic, the award winning online series That Startup Show will also be moving their studio to the historic Goods Shed North. The partnership will see the production and streaming of 20 episodes in front of a live audience in the space.

Innovation will play a crucial role in Victoria’s future economy and new technology will be a significant driver in the creation of the jobs, businesses and industries of the future.

The Andrews Labor Government has been investing in the sectors, skills, and training that will drive the future economy of Victoria, which will also create jobs for its people. The Victorian Innovation Hub is a part of this initiative.

Minister Dalidakis concluded that Melbourne has indeed become Australia’s number one tech city and the launching of the innovation hub will support the startups and at the same time boost the sector.

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