World-leading centre of excellence for Victoria
Published: 1 February 2022
The Victorian Government is partnering in the establishment of a world-leading international Artificial Intelligence (AI) Centre of Excellence, providing more job opportunities in Victoria’s thriving innovation sector.
Israeli tech firm Data Science Group (DSG) will set up its Australian AI Centre of Excellence (CoE) in Melbourne, creating up to 36 new jobs in the cutting-edge AI field.
The CoE will invest $16.4 million over five years to support Australian businesses’ rapid development of advanced AI solutions and models, along with monitoring and governance of AI systems to meet new data regulations.
Harnessing Melbourne’s strong culture of collaboration, the CoE will bring together academic and industry partners to deliver research and development along with commercial and educational projects.
This partnership is an example of how the Victorian Government is attracting global companies from growth industries in line with the state’s International Investment Strategy, supporting economic recovery and growth.
The government recently released its Innovation Statement – a plan to keep Victoria at the forefront of innovation, drive the creation of new industries and support jobs for future generations.
The plan will keep the state at the cutting edge and turbocharge Victoria’s start-up ecosystem, growing business and innovation precincts, developing homegrown talent and commercialising world-leading research.
Victoria’s tech sector contributes more than $38 billion to the economy annually and supports almost 140,000 workers across 20,000 businesses.