Fintech startups in Melbourne to have access to a new collaborative hub in the CBD
The fintech hub is a joint effort between the Victorian Government and YBF Ventures.
Fintech startups in Melbourne will have access to a new collaborative work hub in Melbourne CBD. The hub will be located at 520 Bourke Street, the headquarters of YBF Ventures (formerly York Butter Factory), which has partnered with the Victorian Government to build out the hub.
The new workspace will deliver a range of advisory services to assist fintech startups to develop and commercialise their business concepts.
YBF chief executive Farley Blackman said the hub will provide companies with targeted mentoring, incubation and acceleration services as well as give them access to distribution partners and advisors.
"The fintech startups that will work out of YBF’s new, full-service office space will have access to our entire suite of business offerings,” he said.
One such YBF partner is Startupbootcamp, which provides a three-month fintech accelerator program. The program is also run in cities globally such as New York and Singapore and offers startups mentorship, seed funding and access to investors and corporate partners within the fintech industry.
"Between YBF and Startupbootcamp, we have the capability, experience and network to take fintech startups from concept to international scale-up,” said Trevor Townsend from Startupbootcamp.
"Our partnership will provide a huge boost to the number of new fintech businesses being created in Melbourne by connecting our startups to our international fintech network of 60+ corporate partners."
The announcement is the latest for Melbourne's burgeoning fintech market. The city hosted Australia's first national fintech festival, Intersekt, in early November, and Sydney startup hub heavyweight Stone & Chalk has also recently expanded there.