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Stone & Chalk celebrates Adelaide launch with investment milestone

Innovation

Leading Australasian not-for-profit Stone & Chalk has officially launched its South Australian co-working space in Adelaide’s Lot Fourteen innovation neighbourhood.

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Key Contacts

Antonia Yendell

Head of Marketing Stone & Chalk

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The tech startup hub is already home to 130 entrepreneurs from 30 startups and aims to become South Australia’s home of innovation.

Stone & Chalk also has offices in Sydney and Melbourne. It is among a number of local and international tech, space, defence and cyber companies to establish a presence at Lot Fourteen in Adelaide.

Stone & Chalk Adelaide general manager Chris Kirk said the mix of innovative businesses in the South Australian capital created a space ripe for partnerships.

“South Australia has been embedded in the space industry for decades and with the pending arrival of the Australian Space Agency and Australian Institute of Machine Learning at the South Australian government backed Lot Fourteen, we have a breeding ground for collaboration within the Space and AI sectors,” Kirk said.

Stone & Chalk residents have access to capital, customers, industry insights, GigCity Adelaide internet, a curated community, personal development and industry leading programs to support their scale and growth.

The Adelaide-based co-working space is expected to create 300 new jobs in three years.

Residents already include machine learning business Ping, which has developed acoustic listening technology able to monitor wind turbine health and CyberOps.

Earlier this month, CyberOps announced a partnership with the Australian Department of Defence to determine how space technologies could be used securely for military operations. The contract allows CyberOps to develop a security framework for nano-satellite development programs and operating systems.

Adelaide’s Lot Fourteen aims to be become the largest innovation precinct in the Southern Hemisphere.

Lot Fourteen, which is located at the former Royal Adelaide Hospital site, aims to become the largest innovation precinct in the Southern Hemisphere as part of a key action in the Future Industries Exchange for Entrepreneurs (FIXE) Strategy launched by the South Australian Government in June.

The site’s heritage-listed buildings have been marked for significant adaptive re-use onsite, which has been coupled with the construction of new commercial buildings to accommodate a variety of tenants including the Australian Space Agency, Australian Cyber Collaboration Centre and the Australian Institute for Machine Learning.

Together with today’s official opening, Stone & Chalk is celebrating the milestone of raising over $500m in capital investment through its Impact Network, since 2015.

Stone & Chalk Alumni Cover Genius and Meeco this month raised more than $20m and Brighte, led by founder and CEO Katherine McConnell, was rated number 2 in the Deloitte Australia Tech Fast 50.

South Australian startups are also getting a share with new capital raises from Andre Eikmeier, Founder of Good Empire ($250k) and Alison Nikula, CEO and co-founder of CareApp ($500K).

Stone and Chalk CEO Alex Scandurra said the wealth of startup residents and alumni highlighted the not-for-profit’s potential for shaping Australia’s economy through emerging technologies.

“Our South Australian home places us in the perfect location to drive growth for startups in the emerging space, defence, cyber and AI sectors,” Scandurra said.

“We welcome startups everywhere to apply now if they wish to gain the Adelaide advantage and accelerate their business growth as well as open our arms to new partners that wish to tap into the capabilities and reach of our Impact Network.”

This is a Creative Commons story from The Lead South Australia, a news service providing stories about innovation in South Australia. Please feel free to use the story in any form of media. The story sources are linked in with the copy and all contacts are willing to talk further about the story.

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