Investment In Artificial Intelligence Is Real Deal For Victoria Announcements Last Updated: Friday, 26 June 2020 The Victorian Government today announced it would contribute $1.5 million to the establishment of Australia’s first multimillion-dollar accelerator and investment fund for Artificial Intelligence (AI) scaleups. Backed by LaunchVic, Victoria’s startup agency, Boab AI in partnership with Artesian, Victorian universities and Artesian’s international partner programs will unlock millions of dollars of private sector capital to help high growth AI scaleups. Artificial Intelligence uses data to build systems that simulate human intelligence processes. There are more than 300 AI startups in Australia – including 65 in Victoria – applying AI in sectors ranging from health care and medicine to transport, agriculture, recruitment and construction. Download (225.70 Kb pdf)
