Access to fast broadband is allowing startups to set up shop in their hometown.

Once known for its Eureka moment, Ballarat became a major settlement following the Victorian gold rush in the mid 1800s.

While that gold rush saw prospectors rushing to the town in pursuit of the yellow metal, the Ballarat of today is a goldmine for young startups.

George Fong provides a backdrop to how NBN is helping young Ballarat startup company Retsim.

Full article from NBN Australia and accompanying video here.