Asialink works alongside several philanthropic organizations to engage in civic and cultural relations that lead to business ties.

[1] Asialink was established in 1990 as a joint initiative of the Australian Government's Commission for the Future and the Myer Foundation, one of Australia's oldest and largest philanthropic organizations.

After partnering with the University of Melbourne in 1991, Asialink began to develop programs in education, the arts, businesses and community awareness with the guidance of the Office of the Vice-Chancellor, and the advisory board under Chairman Kenneith Myer AC and Executive chairman Professor Kwong Lee Dow.

In July 2013, the Australian Federal Government announced $36 million of funding over 10 years for the establishment of a national centre for 'Asia capability'.

Established in 2013 with support from the Australian Government, Asialink Business also has the University of Melbourne and the Myer Foundation as key stakeholders.