Melbourne is considered Australia's technology hub and home to more than half of Australia's top 20 technology companies. As a whole, Victoria's Information and Communication Technology (ICT) industry is thriving, comprised of more than 8,000 companies, including many international firms such as IBM, Microsoft and Intel according to Trade & Investment Victoria.
Generating A$34 billion in revenue annually, Victoria’s ICT industry employs roughly 91,300 people directly, and is internationally competitive, generating annual exports totally roughly A$2.5 billion.
Generous tax incentives are affirming the State-wide drive to push tech as a key focus, providing a boost to R&D initiatives by offering a 45 cent on the dollar refundable tax offset - as a result of this, Melbourne's Tax Index has been ranked by KPMG above Berlin, Sydney, and Tokyo amongst others.
As a key technology hub, Melbourne produces numerous successful games, learning applications, online retail solutions, advertising campaigns and is the only international city outside of the USA to host the world renowned ultimate gaming expo - Penny Arcade Expo (PAX). 'Real Racing 3' is an example of a mobile game app produced in Melbourne by the country's largest games studio (Electronic Arts).