Kim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | Hansard source

Last month I joined the Premier of Victoria, Mr John Brumby, and the Prime Minister to launch IBM’s new research and development laboratory at the University of Melbourne. Glen Boreham, IBM’s general manager in Australia and New Zealand, said:

IBM invests more in research and development than any other like company in the world—$6 billion last year ... and we spread those investment dollars across the planet—wherever we believe there are the best skills, opportunities and local support.

He wanted to thank the federal government, he said, because its:

… innovation agenda and digital economy strategy are creating an environment which is attracting investments such as the one we have announced today.

Mr Boreham specifically noted that the NBN ‘will underpin our ability to deliver solutions that reach out to regional and remote parts of the country’. (Time expired)