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UTS’s strategic location supports the engagement with local and regional economic efforts within the precinct (Pyrmont and Ultimo), city of Sydney, region of NSW and beyond. While the university does not have a specific economic development office, the precinct-focus in UTS’ Vision 2027 speaks to the desire for local economic development. The university engages with the Greater Sydney Commission, precinct task forces, community groups, and the City of Sydney to connect with ongoing development work both for economic and philanthropic purposes. Beyond UTS’ engagement in entrepreneurship, technology transfer and industry collaboration in the economic development arena, such development has physical, and virtual aspects.
=== Virtual Spaces ===
Leveraging the learning.futures approach of education, UTS has a strong movement towards virtual learning and collaboration spaces. This opens opportunities for local and regional collaboration through[https://www.uts.edu.au/research-and-teaching/industry-partnerships/podcasts podcasts] and [https://open.uts.edu.au/index.html open source courses]
=== Physical Spaces ===
Build Australia’s first [https://www.uts.edu.au/partners-and-community/initiatives/indigenous-residential-college Indigenous Residential College] to support Indigenous student participation and success in higher education.
Expand innovation spaces such as [https://www.uts.edu.au/about/faculty-engineering-and-information-technology/protospace ProtoSpace], [https://www.uts.edu.au/partners-and-community/data-arena/overview Data Arena], [https://www.uts.edu.au/about/faculty-engineering-and-information-technology/tech-lab Tech Lab] to be more accessible to industry partners, civil society and government.
Develop co-working spaces in the tech precinct and UTS facilities in Botany and Western Sydney.