The NBA have invested an undisclosed amount to upgrade the AIS basketball facilities,which includes state of the art video technology.
NBA vice-president Brook Meeks said the program had been four years in the making.
"We're trying to find the best basketball players from around the world to bring them to Australia to make them NBA players,"Meeks said.
"We're going to put some upgrades into the locker rooms and we already put in some video technology,which allows me in New York to watch practise"
"The AIS was chosen for the point of focus because all of the NBA players that have come through the Centre of Excellence have worked out really well - it simply works here.
"But the academy was not launched because of the success of the Australian players in the NBA,it was launched because the success of the process."
Part of the agreement with the NBA ensures the academy gives five of its scholarships to Australian players,who will picked from the Centre of Excellence.