Sydney is set to become home to Australia's own Silicon Valley after tech giant Atlassian announced it will partner with the NSW government in a project expected to create thousands of jobs.
Atlassian is Australia’s largest tech company and will help the NSW government taskforce, headed by chair David Thodey, design the new technology and innovation precinct.
Sydney's new tech hub will span from the south-end of Sydney's CBD to Eveleigh and is expected to revitalise the area, which is already home to a large cluster of start-up firms.
Representatives from University of Technology Sydney, University of Sydney and Sydney Business Chamber will join the taskforce, as well as industry experts from a wide range of Australian start-ups.
The hub’s ambition is to be home to 10,000 new jobs by 2036.
As Sydney welcomes news of its new tech-headquarters, The Urban Developer takes a look at major tech hubs from across the globe.
Sydney has the potential to be of one of the world’s leading tech cities and the creation of a tech hub sends a very loud signal – not only to the country, but to the rest of the world – that we’re in the race.Atlassian Co-Founder Scott Farquhar.
Station F is touted as the “world’s largest incubator” in the tech startup scene, located in Paris’ 13th arrondissement.
Housed in a former railway space, at 58 metres wide and 310 metres long the site offers room for 3000 entrepreneurs.
The sprawling site, which utilises shipping containers for meeting rooms, is also home to global names such as Facebook, L'Oréal, and Microsoft.
The building’s architect is Wilmotte & Associés.
Europe's answer to Silicon Valley is the Allee Campus in Berlin.
The city has become Europe’s startup capital, surpassing London in venture capital investments in 2014.
The campus itself is a 7500sq m “neighbourhood” serving Berlin’s startup scene, home to thousands of entrepreneurs who live and work in the area.
Berlin has become home to more than 2500 startups attracting billions of investment into the venture founded in 2011.
Global tech giants such as Facebook and Airbnb have Berlin offices.
Beijing's high-tech base Zhongguancun is well-known for nurturing some of China’s leading tech startups.
In 2016, the Chinese government announced it would invest $1.5 billion into further developing the area, located in Beijing’s Haidian District.
Along with the finance boost, last year a Top Tech Cities in the World report ranked the Beijing tech hub the world's number one site.
It’s also home to a number of international tech giants such as Lenovo, Google and Microsoft.
The OG itself.
But is it still the global hub of tech finance and innovation?
While we'll let you ponder that question, Silicon Valley certainly needs no introduction.
Long home to many start- up and global tech companies, with the likes of Apple, Cisco, Google, HP, Intel and Oracle calling Silicon Valley home.