IBM will establish a world-first global research and development laboratory at the University of Melbourne.
The new centre will be the first IBM global research and development laboratory anywhere in the world.
Prime Minister Julia Gillard said the new IBM centre will employ 150 highly-skilled staff and PhD students to help solve some of the biggest challenges facing the globe.
The national innovation centre will also seek to solve problems of the future that haven’t even affected us yet.
The IBM laboratory will be located at the University of Melbourne where researchers can work side-by-side to help tackle international issues such as managing natural disasters, using our natural resources efficiently, fighting diseases, boosting agricultural yields and harnessing the power of biotechnology.
Victorian Premier John Brumby said the project further cements Victoria’s reputation as the Information and Communications Technology (ICT) capital of Australia following the National Broadband Network’s decision to build their hub in Melbourne, and the release of the government’s $110 million ICT strategy.
The new IBM facility is expected to start operating in the first quarter of 2011 and grow to about 150 researchers within the next five years.