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What is Australian Technology Park mean?
The Australian Technology Park (ATP) is a business and technology centre in Eveleigh, an inner-city suburb of Sydney, in the state of New South Wales, Australia. It is located about 3 km south of the Sydney central business district, adjacent to Redfern railway station, spread over 13.9 hectares of land.
Australian Technology Park primarily houses start-up hi-tech companies, especially biotech firms, and spin-offs from university research. The Park also houses venture capital companies, banks and legal firms. It was created in 1995, by the Government of New South Wales, the University of Sydney, University of Technology, Sydney and University of New South Wales, and was originally operated by the Australian Technology Park Sydney Ltd up until 2000, then by the Sydney Harbour Foreshore Authority before operation was passed to the Redfern-Waterloo Authority. The Park has encouraged collaborative ventures that maximise the capacity of companies to take products of market driven research through to the commercialisation phase. The intent of the Park is for university scientists and engineers to join with industrial scientists and engineers to apply university research ideas in new products and production processes. As such, researchers have been located alongside companies with the capital and expertise to commercialise and export them with the objective of improving Australia's global competitiveness. The Park also includes conference, dining and exhibition facilities.
Australian Technology Park established strategic alliances with the Oxford Science Park, Techneon (Israel Institute of Technology), UCSC Philadelphia and Kyoto Research Park.
Within three and a half years of operation, the Australian Technology Park achieved international status. The Park was also chosen as a benchmark model for Queensland, Victoria and New Zealand, and assisted incubator programs in the region.
In 2015 the site was acquired by Mirvac, to become home to Commonwealth Bank of Australia [1].
referencePosted on 20 Oct 2024, this text provides information on Miscellaneous in Regional related to Regional. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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