Business incubator, Stone Chalk, has unveiled a \u2018mega-hub\u2019 that aims to unite fintech across Sydney and Melbourne, further cementing Australia as a natural \u201ccentre of gravity\u201d for fintech.\nThe not-for-profit organisation, considered the largest fintech hub in Asia and the centre of gravity for fintech in Australia, has launched a new national capability across its new home at the Goods Shed North in the heart of Melbourne\u2019s CBD innovation precinct, and its residency in the Sydney Startup Hub.\nWith Melbourne and Sydney representing over 80 per cent of all fintech activity across Australia, the new east-coast \u2018mega-hub\u2019 will give startups, scale-ups, corporates, and investors nationwide opportunities for collaboration and resource-sharing, according to the firm.\nThe launch of the \u2018mega-hub\u2019 follows the opening of the Victorian Government\u2019s startup agency, LaunchVic, also in the Goods Shed North, where Stone Chalk Melbourne will now be housed alongside CSIRO\u2019s Data61, That Startup Show, Startmate, Stone Chalk partner SproutX, and The Medtech Actuator.\nAlan Tsen\n\u201cWhat many people don\u2019t realise is that fintech intersects with a large number of other industries. Being able to collaborate under one roof with of a variety of industry verticals is a huge advantage of being positioned within the highly diverse Victorian Innovation Hub,\u201d according to Stone Chalk Melbourne general manager, Alan Tsen. \u201cWe\u2019ve already partnered with other key parts of the Victorian ecosystem to bring this cross-pollination to life, and so are excited to bring our residents even more possibilities for collaboration across other verticals through our residency in the Hub. We believe that bringing all of these possibilities together into a national program will assist the continuing growth of the Australian fintech ecosystem as a whole.\u201d\nStone Chalk CEO, Alex Scandurra, said if Australia is to realise the goals of the National Innovation Science Agenda and become the \u2018innovation nation,\u2019 it will require a strong mentality shift away from a competitive mind set amongst startups towards one of collaboration and mutual success.\nAlex Scandurra\n\u201cThis collaboration should also be extended between industry and startups. As an example, our Accelerated Commercialisation programs bring together corporate partners with startups and scale-ups to solve real commercial opportunities within a structured framework. Only by taking a collaborative approach across the board will we come close to achieving our innovation dreams.\u201d\nThe work of Stone Chalk startups and scale-ups spans financial services, ranging from open banking and cybersecurity, to blockchain commercialisation, IoT, connected devices, insurtech and agricultural finance.