Stone & Chalk is launching a 'mega-hub' in Melbourne

Stone & ChalkAlex Scandurra and Alan Tsen (R-L).

Fintech innovation hub Stone & Chalk is launching a “mega-hub” in Melbourne.

The launch coincides with the opening of a new home for the Victorian Government’s startup agency, LaunchVic, also in the Goods Shed North, where Stone & Chalk Melbourne will now be housed alongside CSIRO’s Data61, Startmate, Stone & Chalk partner SproutX, and The Medtech Actuator. It’s also were the return Gizmodo series That Startup Show is being filmed.

The new hub will give startups, scale-ups, corporates, and investors nationwide the opportunity to collaborate and share resources.

“What many people don’t realise is that fintech intersects with a large number of other industries,” says Alan Tsen, general manager of Stone & Chalk Melbourne.

“Being able to collaborate under one roof with of a variety of industry verticals is a huge advantage of being positioned within the highly diverse Victorian Innovation Hub.

“We’ve already partnered with other key parts of the Victorian ecosystem to bring this cross-pollination to life, and so are excited to bring our residents even more possibilities for collaboration across other verticals through our residency in the Hub. We believe that bringing all of these possibilities together into a national program will assist the continuing growth of the Australian fintech ecosystem as a whole.”

Stone & Chalk CEO, Alex Scandurra added that if Australia is to realise the goals of the National Innovation & Science Agenda and become an “innovation nation,” there needs to be a shift towards one of collaboration and mutual success.

“Only by taking a collaborative approach across the board will we come close to achieving our innovation dreams,” he said.

With Melbourne and Sydney combined representing over 80% of all fintech activity across Australia, Stone & Chalk hopes both the new Melbourne mega-hub and its existing hub in the Sydney Startup Hub will cement the Australia’s eastern seaboard as “a natural centre of gravity for fintech in Australia and across the ASEAN region”.

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