The City of Melbourne has partnered with RMIT and University of Melbourne to create an urban innovation district in CBD north.
The Melbourne Innovation District includes RMIT’s city campus, University of Melbourne, State Library of Victoria, Queen Victoria Market, Royal Exhibition Building, Trades Hall and the Melbourne Museum.
Some 21 per cent, or 60,260, of all Melbourne’s knowledge sector jobs are concentrated in this district.
Residents and workers can expect to see upgrades to streets, parks and other public spaces in this area, including increased green spaces, walking and cycling facilities, and more use of sensors, apps and other networking technologies.
Major projects happening in the CBD north area include the $11 billion Metro Tunnel, the $8.8 million redevelopment of University Square at Melbourne University, the $220 million Academic Street at RMIT and the $250 million Queen Victoria Market regeneration.
Melbourne University’s Vice-Chancellor Glyn Davis said the collaboration could facilitate the city’s growth.
“Precincts and hubs that bring together government and researchers, established industry and start-up companies to address global problems will become important for research and contribute to prosperity in our city and our nation.”