The South Australian hub officially opened for business today at the former Royal Adelaide Hospital site with more than 100 entrepreneurs from 29 startups.
Lot Fourteen aims to become the largest innovation precinct in the Southern Hemisphere and will also house a number of other local and international tech, space, defence and cyber companies and the Office of South Australia’s Chief Entrepreneur, Jim Whalley.
The development of an innovation and startup hub was a key action in the Future Industries Exchange for Entrepreneurs (FIXE) Strategy launched by the South Australian Government in June.
The co-working space is being run by leading Australasian not-for-profit Stone & Chalk, which also operates offices in Sydney and Melbourne.
“We are an impact network which means we partner with corporates, government and investors to help high potential startups commercialise and scale,” Stone & Chalk CEO Alex Scandurra said.
“The combination of our curated communities and flagship programs empowers both our partners and residents to foster a culture of innovation and accelerate their growth journey – to make success happen.”
New Stone & Chalk residents will 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.
South Australian Premier Steven Marshall welcomed the first cohort of tenants to the hub in the hospital’s refurbished former Allied Health Building.
“We have committed to making South Australia the nation’s startup capital, with the highest rate of startups per capita in Australia within a decade,” he said.
“We want the next generation of innovators and entrepreneurs to take their ideas to global businesses right here in South Australia.
“As an important innovation partner and operator of the Startup Hub at Lot Fourteen, Stone & Chalk will make a significant contribution to achieving this.”
The Lot Fourteen name is derived from the allotments that South Australian Surveyor-General Colonel William Light laid out in his 1837 plan for Adelaide.
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.Jump to next article