Applications are now open and four companies will be selected for a first round of the new Cremorne Digital Hub (CDH) Scaleup Program, which will get underway in February.
According to a statement from Victorian industry minister Natalie Hutchins on Tuesday, the program will support companies possessing “high investment and job creation potential” with their “talent acquisition, operations and business development.”
As well as industry-specific support, the scaleups will be linked with potential investors, corporate partners and customers as part of the program.
”The Cremorne Digital Hub Scaleup Program will help even more local tech companies to become well-known global tech brands,” said Hutchins.
“By supporting Victoria’s tech industry, we’re creating opportunities for local jobs, investment and innovation that will continue to fuel our economy.”
A group led by Artesian, University of Melbourne, RMIT University and La Trobe University was announced in August 2022 to establish the CDH, which appointed a new CEO and board in March this year. It has been established through $10 million in state government funding.
Artesian also manages a $50 million Cremorne Venture Fund, which will invest in new digital companies.
Applications for the Scaleup Program can be made here.
Picture: credit dif.vic.gov.au