Victorian government announces plan to build Melbourne fintech hub

Looking to help further the development of the Victorian fintech sector, the state government has announced its plans to establish a fintech hub in Melbourne.

The government has submitted a proposal to establish the hub at the Goods Shed North in Docklands, within the city CBD.

The hub will look to bring together investors, corporates, researches and startups together to collaborate in a centralised space, helping to boost Melbourne’s image as a fintech city and attractive location for investment.

Minister for Innovation, Philip Dalidakis said, “This fintech hub will turbocharge our startup ecosystem and attract new investment that will strengthen our professional services industry and create jobs.”

The plan comes in hand with the announcement from FinTech Australia that it will be hosting Australia’s first national fintech festival in Melbourne, funded by the Victorian government, with the key focus of fuelling fintech growth in Asia-Pacific.

Named ‘Intersekt’, the festival will be held within Melbourne in partnership with Fintech Victoria, local coworking space York Butter Factory, and global fintech conference organisation NextMoney.

Running for a week from the end of October, FinTech Australia president Simon Cant said Intersekt will look to help connect Australian and Asian fintech environments together.

“Australia has tremendous potential to be world’s leading intersection for fintech innovation and a large part of that comes from our proximity, common time zone and strong cultural links to Asia,” he said. Read more

James Ward - Startup Daily - 16 June 2017

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