Innovation Lab to create jobs, says UST

UST has launched its first Innovation Lab in Australia at the University of Melbourne’s Melbourne Connect.

The lab (the company’s eighth globally) will enable the UST team to collaborate with a community of researchers and innovators from various backgrounds and deliver better outcomes for its customers. It will create 250 jobs in Victoria.

The facility was officially launched by Treasurer and Minister for Economic Development, Victoria State Government, Tim Pallas.

“We are delighted that UST has set up in Melbourne — it’s another win for our burgeoning tech sector and for jobs.

“Global digital tech companies come to Victoria because we have the skilled workforce, the education and training infrastructure and the business environment they need to succeed,” Pallas said.

UST has intentionally established its Innovation Lab at the University of Melbourne’s innovation precinct, Melbourne Connect, to capitalise on the community created through co-location of industry, research and startups.

“The University of Melbourne is delighted to welcome UST to Melbourne Connect, one of Australia’s leading innovation precincts,” said Duncan Maskell, Vice-Chancellor, University of Melbourne.

“Melbourne Connect is a place that brings together the expertise of the University, industry and government to unlock new, creative research-driven solutions to some of society’s biggest challenges. The addition of UST to Melbourne Connect will further enhance the city’s reputation as an international research and innovation leader.”

As part of its commitment and investment into Victoria, UST has established its ANZ headquarters in Melbourne.

“We have identified Australia as a growth region, so we’re investing heavily by establishing Melbourne as our regional headquarters and bringing in additional senior consultants and overall technical expertise to ensure we have the local capabilities required,” said Matthew McCormack, Managing Director – Australia and New Zealand, UST.

“With this increased investment, we will better showcase UST’s approach to solving business challenges. Known as Insights to Value, the approach uses human research and AI to generate insights and inform decision-making, revealing opportunities for growth and driving innovation to realise business value.”

Image credit: ©stock.adobe.com/au/Mark Eden