The Monash Science Technology Research and Innovation Precinct is a cluster of commercial and university enterprises and research centres based at Monash University's Clayton Campus. Stage 1 and 2 have been completed, with stage 3 yet to be finished. The buildings alone are estimated to cost over $300 million.^[1]

Monash STRIP already houses many of Australia's major scientific research centres and companies, including the Australian Stem Cell Centre (Australia's National Biotechnology Centre of Excellence), Stem Cell Sciences Pty Ltd, Nanovic (Nanotechnology Victoria), the Victorian Institute of Chemical Sciences, the National Printing Laboratory and the Monash Immunology and Stem Cell Laboratories.^[2] The John Monash Science School [1] - a selective secondary school for students with a high aptitude for mathematics and sciences - will also be located adjacent to the site.

The location of the cluster - Clayton - places it in the centre of Melbourne's south-eastern suburbs. This area contains the greatest density of high technology industries in Victoria. As more and more businesses develop within the STRIP, it is anticipated that adjacent university land will be used to accommodate increased industry presence.^[1] Other research facilities at the Clayton Campus include the Australian Synchrotron and the CSIRO, which are both closely involved with some of the tenants at Monash STRIP.

The STRIP 2 buildings won the 2009 Master Builders Award for Excellence in Construction, in the category of commercial buildings between $30m-$80m.^[3]

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