Victoria’s Investment Strategy brings in international companies
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The Victorian Government has launched the International Investment Strategy, attracting global companies to deliver more jobs in growth sectors and bring cutting edge innovation to the state.
Bukalapak, one of Indonesia’s largest e-commerce companies will become the latest global company to choose Melbourne as its first international base to establish a research and development centre.
The company’s Technology Hub will access Victoria’s rich tech and innovation capabilities, tap into the state’s high-quality pool of tech talent and explore partnerships with local universities.
“The opening of Bukalapak will create new high-value digital jobs over the next five years. This demonstrates the quality of our tech talent and R&D capabilities to respond to the growing need for tech skills across various sectors,” Minister for Innovation Medical Research and the Digital Economy Jaala Pulford said.
The Technology Hub will create 65 full-time jobs and will employ a team of senior-level engineers to focus on Analytics, AI and R&D activities.
“Melbourne’s tech ecosystem is an ideal base for Bukalapak to establish this tech hub, which enables Indonesia’s tech talent to work together with tech professionals from Australia and around the world,” Bukalapak’s President Teddy Oetomo said.
The Indonesian company is expected to provide expertise in digitising small, medium and family-owned businesses by enabling them to trade online and expand their service offering to Victoria.
Founded in 2010, Bukalapak recorded the largest initial public offering ever on the Indonesian Stock Exchange in August 2021 with a valuation of $6 billion. Bukalapak services more than 10 million offline micro, small and medium enterprises, nearly 7 million online merchants and more than 100 million users.
“Bukalapak’s tech hub in Melbourne is an applaudable initiative to support Indonesian digital growth, and a valuable opportunity for tech talents from the two countries for knowledge and information exchange on the use of technology,” Indonesian Ambassador to Australia and Vanuatu Dr Siswo Pramono said.
Victoria’s thriving tech sector contributes more than $38 billion to the economy and supports more than 139,000 workers across 20,000 businesses. The International Investment Strategy is expected to help expand the sector.
Source: Premier of Victoria Media Release
Eliza is a content producer and editor at Public Spectrum. She is an experienced writer on topics related to the government and to the public, as well as stories that uplift and improve the community.
