Victoria hosts around 145 leading national and multinational digital and cybersecurity businesses and institutions, making it one of the strongest cybersecurity centres in Australia.
It is also home to a centralised cluster of cybersecurity innovation hubs and R&D centres of excellence that include the Oceania Cyber Security Centre, the Defence Science and Technology Group, an Australian Government Joint Cyber Security Centre and CSIRO’s Data61.
Recognising the importance of cyber security, the Victorian Government’s Cyber Security Strategy
Renowned for having a strong culture of collaboration, Victoria’s world-class universities work closely with industry, government and the research community to produce cutting-edge cybersecurity solutions and a deep pool of skilled, work-ready graduates. Victorian tertiary institutions offer 239 cybersecurity-related courses and many universities partner with business and government to develop industry-relevant course content.
And the state has more professionals with software development and cloud computing skills compared to other jurisdictions across the APAC region, including Singapore and Hong Kong.
Leading international cyber security companies who have expanded into Victoria include Wipro Limited, Leidos, Darktrace and KnowBe4
Incentives, grants and support
Your business may be eligible for support through a range of Victorian Government grants, funds and loans, including:
- up to $50 million in low-interest R&D Cash Flow Loans to support Victorian SMEs to develop products, services and technologies vital to the state’s future economy
- government and institutional coinvestment for high-growth start-ups through the A$25.75m Venture Growth Fund
- the new $2 billion Breakthrough Victoria Fund to ensure Victoria continues on its path to becoming a global innovation hub in key industry sectors including advanced manufacturing
- Business Victoria grants and programs.
The government’s investment attraction agency, Invest Victoria, works with international companies seeking to enter the Australian market by identifying opportunities, providing assistance with business cases, and facilitating introductions to partners, suppliers, recruiters and government agencies.
Support is available from the Victorian Government Trade and Investment offices, which offer tailored market intelligence, insights and guidance for investing in Victoria.
Victoria has one of the lowest business tax rates of any state in Australia. It also offers investors some of the world's most generous R&D support in a cost-competitive business environment. As a result, KPMG ranks Melbourne as having the most attractive R&D location costs in the Asia Pacific region.
One of Victoria’s local heroes is Tesserent, a cybersecurity company founded and based in Melbourne. It provides comprehensive end-to-end cybersecurity products, services and strategic advice to more than 800 enterprise, government and critical infrastructure clients and is listed on the Australian Securities Exchange (ASX).
Melbourne-based cloud email security provider MailGuard was started in 2001 after its founder received a virus-containing email that wreaked havoc on his business. MailGuard is now the world’s largest private Software as a Service (SaaS) security company and delivers business-to-business email and web security to customers in 27 countries.
Wipro Limited, one of India’s top tech companies, has created a state-of-the-art A$1.5 million Cyber Defence Centre in Melbourne where local tech experts are helping to protect Wipro’s clients from cyber attacks. The Centre will create up to 100 new jobs, including internship opportunities for Victorian university graduates pursuing a career in cybersecurity.