IBM is set to build a new software development centre in the regional Victorian city of Ballarat, creating an estimated 300 skilled jobs for software developers.
Premier Steve Bracks said the Government would provide $1.5 million from its regional infrastructure fund to help establish the centre at Ballarat University.
The centre is due to open in April next year and the university has allocated 60 new places in IT courses.
Twenty-five places would be offered in a new four-and-a-half year Bachelor of Information Technology degree to be run in conjunction with IBM.
Students would work part-time for IBM, with the course content modified to suit ICT and industry requirements with flexible time arrangements.