Recognised as Australia's business, development and technology capital, Melbourne is home to a wide variety of industry, science, technology and education. It is headquarters to three of Australia's largest corporations: Telstra, BHP Billiton and the National Australia Bank.Approximately one third of the 100 largest multi-nationals operating in Australia have their main Australian office in Melbourne. Melbourne is home to Australia's largest seaport and much of Australia's automotive industry. The country's oldest educational institutions and nine leading universities are located here. Melbourne has the largest concentration of medical research institutes in Australia and several internationally acclaimed hospitals are located within one city precinct. Near Melbourne's central business district, the nation's first Synchrotron will transform Australia's scientific and industrial research capability. It will be used across a broad range of sciences and industries including micro and nano technology, environment, information and communications, forensics, and manufacturing to name a few. Indeed, Victoria is firmly committed to continual investment in innovation and already leads the world in many areas of scientific research. All of which makes Melbourne an internationally recognised and highly appealing convention and business events destination.