UNSW News Room | 8 July 2013
The Commonwealth government has announced $36 million in funding over 10 years for a $60 million National Centre for Asia Capability, which will be administered by the Australian School of Business at UNSW and by the University of Melbourne, in a collaboration between business, government, philanthropy and the tertiary sector.
Additional funding will come from the corporate and philanthropic communities, including $1 million already pledged by The Myer Foundation, as well as income from services delivered.
The Centre will combine the expertise of government, business and universities to build an Asia capable workforce through training programs, research and the development of regional networks.
Asialink, which has been working for more than 20 years to build Asia capability, set up the taskforce that recommended the National Centre for Asia Capability, and will oversee the establishment of the Centre.
The Centre was a key recommendation of the Asialink Taskforce for an Asia Capable Workforce, chaired by ANZ Chief Executive Mike Smith, in its report Developing an Asia Capable Workforce that was launched in September 2012.
The Taskforce brought together top business leaders with a vision of a more “Asia-capable” Australia, including representatives of the Business Council of Australia and the Australian Industry Group.
Paul O’Sullivan, Chief Executive Officer – Group Consumer, SingTel Group, and a member of the Asialink Taskforce, said: “As one of Australia’s largest investors and employers, we have deep engagement in Asia providing staff and expertise via the Singtel Group. We have encouraged and welcome the setting up of this national centre which will assist all Australian business people to be more successful in Asian markets.”
University of Melbourne Vice-Chancellor Professor Glyn Davis, who is also a member of the Asialink Taskforce, said: “This National Centre for Asia Capability is a remarkable and visionary investment by the Australian Government, a global first that will draw Australia fully into the Asian Century.”