Global tech company Tribal Group has announced a $1.17 million investment to establish its Asia Pacific headquarters in Geelong, which will boost the region’s tech sector and create 50 new jobs.
The UK-based global tech company provides world-class solutions for the education sector including tools to better assess students’ progress and systems to help education providers expand their learning audiences.
With offices already operating in Sydney, Melbourne, Wellington, Kuala Lumpur and the Philippines, the decision to base its Asia Pacific headquarters in Geelong is a massive coup for regional Victoria.
The project will also secure a $25 million development program to build a new cloud-hosted IT platform, which will be located in the same precinct as Tribal’s new headquarters.
The precinct will include Runway Geelong, a local accelerator program for startups. The Labor Government is supporting Runway Geelong to establish a major startup hub in the region with $1.25 million funding over four years through LaunchVic, the state’s $60 million startup initiative.
Runway Geelong will act as a catalyst for innovation in the region, helping to stimulate new business growth and create jobs through mentoring, training and improving access to venture capital networks.
The two projects will further the Labor Government’s ambitions to make Geelong a global centre for high tech innovation and entrepreneurship.
In 2015-16 alone, 14 projects across the Greater Geelong region generated $118.3 million worth of investment and 200 full-time jobs.
Quotes attributable to Minister for Regional Development Jaala Pulford
“The Andrews Labor Government is planning for growth so that Geelong can create new businesses and jobs that will help the region become an even more attractive destination for new residents and investment.”
Quotes attributable to Minister for Small Business, Innovation and Trade Philip Dalidakis
“We want Victoria to be the number one location for startups across the Asia Pacific and LaunchVic is making it happen – we are growing businesses and jobs in Melbourne and across our regional cities.”
Quotes attributable to Member for Geelong Christine Couzens
“Greater Geelong is a fantastic place to live, work and do business and this investment is another vote of confidence for our growing reputation as a regional tech hub.”
Quotes attributable to Tribal Group Asia Pacific Managing Director Nick Stanley
“Tribal is a pioneering tech company known for the work it does empowering education providers and I look forward to strengthening our market leading position in APAC with the decision to base our headquarters in Geelong. We have forged strong ties with the Victorian Government and we look forward to extending them.”
Reviewed 19 August 2020