The Ballarat Technology Park provides occupants with high quality optical fibre and network facilities specifically designed to support IT companies. These technical provisions are supported by an infrastructure of roads, water, electricity, public transport and easy access to good schools and comfortable housing. Together with its close proximity to the University of Ballarat it provides ready access to highly skilled and experienced research scientist, technical staff and IT graduates, making this a very desirable location.

The University of Ballarat Technology Park exemplifies local growth in ICT over the last ten years. Not only have the number of companies grown so have the size of major tenants. In December 2006, the Park housed 31 companies with 1,172 employees.

Growth in 2007 has increased these employment numbers further to approximately 1,300 as at March 2007.

In his speech to the National Press Club on 7 March 2007, Glen Boreham, CEO and Managing Director of IBM Australia and New Zealand, confirmed that IBM's partnership with the University of Ballarat has been critical to the continuing growth of its Ballarat workforce to a level of more than 600.