DXC Technology announced in a statement yesterday that it was collaborating with the Sydney fintech start-up breeding ground in order to facilitate innovation in the areas of artificial intelligence, blockchain, the Internet of Things and virtual reality.

DXC Technology will set up its Applied Innovation Hub at Stone & Chalk and design a number of programs that will see start-ups “secure commercial opportunities with DXC and its key clients,” the statement said.

Stone & Chalk chief executive Alex Scandurra said corporate Australia was beginning to recognise that future success would mean partnering with high-quality start-ups.

“The Applied Innovation Hub will help the development of cutting edge tech and underlines the massive potential of Australia’s fintech to transform diverse industries,” Mr Scandurra said.

He added that the collaboration was a “brilliant opportunity” for Australian entrepreneurs across multiple industries to access global markets.

“Through DXC’s global network, they can get the tools and support they need.

“This alliance with such an esteemed technology leader demonstrates how Stone & Chalk is helping to drive category change and innovation across different fintech disciplines.”

DXC Technology managing director for Australia and New Zealand Seelan Nayagam said the Applied Innovation Hub would see ideas become tangible solutions.

“This partnership and innovation program with Stone & Chalk will mean DXC can rapidly solve complex problems for our customers with new solutions and services and help our employees co-develop innovative ideas,” Mr Nayagam said.

“With open ideation, design thinking and accelerated prototyping in partnership with high growth potential startups and scaleups, we hope to harness the power of emerging technologies."

Stone & Chalk relocated to the recently launched Sydney Startup Hub in mid-February this year, along with other tenants such as Microsoft, Fishburners, Tank Stream Labs and H2 Ventures.