Hewlett-Packard (HP) will open an Innovation and Collaboration Centre at the University of South Australia's (UniSA) City West campus as part of a new partnership between the two.
The Centre will be permanently housed in a new science building being constructed as part of the health precinct developments.
The agreement will also make HP a foundation partner in UniSA's Science Creativity and Education studio (SciCEd) which will also be located in the new building.
According to a statement from UniSA, the partnership will transform employment growth and innovation in the IT sector in South Australia, with HP expected to expand its workforce in the state by more than 400.
Additionally, UniSA and HP will co-develop and launch a new four-year honours degree program in IT and business informatics, coupling training and education with internships in HP for students during the course of their studies.
Commenting on the agreement, UniSA vice chancellor, David Lloyd, said it will support education and higher achievement in science, ICT, engineering, and maths (STEM).
"The new HP Centre at UniSA will provide an environment where students, graduates, commercialisation experts and industry have opportunities to explore new ideas for business and products, acting as an incubator for new small to medium enterprises and a pipeline for the commercialisation of new innovations."
The South Australian State Government is supporting the partnership and will commit $150,000 per year for a student entrepreneur initiative that will support students to pursue commercialisation of new ideas in the ICT sector in partnership with HP and other companies.