20 September 2017
visit www.avoka.com

Aussie government requests tenders to operate new Melbourne fintech hub

21 June 2017  |  5477 views  |  0 Australian Flag

The Victoria state government is seeking applications for “experienced innovation hub operators” to establish a fintech hub in Melbourne.

The minister for small business, Philip Dalidakis, made the announcement at an event to launch Intersekt, a fintech festival to be held on 27 October, hosted by FinTech Australia and FinTech Victoria in conjunction with fintech company NextMoney and coworking community the York Butter Factory.

The new hub is proposed to be established at the Goods Shed North in Docklands, an area that has long been dormant and subject of lobbying from the startup community to turn it into an innovation precinct.

The co-founder of Melbourne coworking space York Butter Factory Darcy Naunton told The Australian newspaper that they first submitted a proposal for the Goods Shed in 2014, and that they hoped the government can get out of the way once the tender is complete and let ecosystem leaders run the fintech hub.

While existing coworking spaces and startup hubs in Australia, such as York Butter Factory, or Sydney's Stone & Chalk, which already has a fintech focus, might be interested in running the new hub, the minister hinted to InnovationAus.com that he would prefer an international player to help take local fintechs beyond Australian borders. He pointed to the likes of The Floor in Tel Aviv and 500 Startups’ FinTech hub in London as potential partners.

500 Startups is an early-stage venture fund and seed accelerator set up in California in 2010. It currently has operations in the UK and Europe, Canada, Mexico and throughout the Middle East and Asia. The Floor is an Israel-focused fintech hub based in the Tel Aviv Stock Exchange, with backing from Chinese and European banks, and global consulting and IT firms. Neither currently has any significant direct presence in Australia.


Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Regtech rises up the agenda in Australia

Regtech rises up the agenda in Australia

26 May 2017  |  9617 views  |  0 comments | 18 tweets | 4 linkedin
Australian budget promises a raft of reforms to boost fintech

Australian budget promises a raft of reforms to boost fintech

09 May 2017  |  5442 views  |  0 comments | 10 tweets | 9 linkedin
Intel builds Tel Aviv fintech innovation lab

Intel builds Tel Aviv fintech innovation lab

01 June 2016  |  9714 views  |  0 comments | 21 tweets | 8 linkedin
Israel gets fintech hub

Israel gets fintech hub

03 March 2016  |  10477 views  |  0 comments | 14 tweets | 7 linkedin
500 Startups launches $25m fintech fund

500 Startups launches $25m fintech fund

24 February 2016  |  9174 views  |  2 comments | 17 tweets | 5 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comdownload the paper nowvisit www.sibos.com

Who is commenting?

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
10493 views comments | 23 tweets | 39 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10303 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9142 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7619 views comments | 5 tweets | 4 linkedin
ING moves into digital wealth management with Scalable CapitalING moves into digital wealth management w...
7479 views comments | 14 tweets | 15 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job