Singaporean deep tech company Seventh Sense is establishing an artificial intelligence research and development hub in Melbourne, Minister for Trade and Investment Tim Pallas announced.
Pallas was in Singapore Monday as part of his tour across Southeast Asia, meeting with business leaders to attract international investments and establish global partnerships.
The Singapore leg of the tour focuses on building connections between the island nation and Victoria’s booming startup sector.
Seventh Sense’s investment in Victoria is expected to create more than 20 highly skilled jobs over three years. The proposed R&D hub will also play a crucial role in its efforts to develop new technologies and commercialisation.
“Victorian startups are creating the next generation of jobs – it’s critical we also attract dynamic companies from around the world to complement and bolster local companies and further drive growth,” Pallas said in a press release.
The Singaporean startup specialises in artificial intelligence-based computer vision and cryptography for defence, security, financial technology, and retail.
The company’s decision to invest in Victoria comes as the Australian state further fosters the growth of its thriving ecosystem, international, R&D capabilities, and skilled workforce.
“Our shared vision and support from the Victorian Government is a winning combination. The R&D Hub will fast-track the development of our innovative technologies and allow us to access highly skilled talent to grow further,” said Ashish Kushwaha, co-founder of Seventh Sense.
A team of engineers and scientists from Seventh Sense is slated to conduct research and product development in response to a growing demand for its technologies and solutions across Asia, Australia, and New Zealand.
Seventh Sense is planning to collaborate with Victorian universities to explore opportunities and develop new technologies designed to solve industry issues.
The partnerships will have the potential to create pathways for internships or graduate positions at the company.
“Tech is big business in Victoria, and it’s exciting to see companies like Seventh Sense recognise the possibilities and opportunities we’ve created here,” Pallas said.
