South Australia is set for a jobs boom at its innovation precinct Lot Fourteen, creating thousands of local jobs across a range of sectors in the coming decade.
An Expression of Interest was released today for the world-class Entrepreneur and Innovation Centre – which will be the centrepiece of Lot Fourteen, which includes a $20 million investment from the Australian Government as part of the Adelaide City Deal.
A key feature of the $551 million Adelaide City Deal the, the Centre will be a key driver helping create the next generation of businesses and jobs for South Australia.
Premier Steven Marshall said the precinct provides unparalleled collaborative opportunities to accelerate innovation, driving economic growth and creating a pipeline of jobs across a range of high-tech sectors.
“Lot Fourteen is the beacon of opportunity for the next generation. It’s going to drive jobs and start-ups, and encourage entrepreneurship,” said the Premier.
“This precinct is going to generate a jobs bonanza for our state, and stop the brain drain of young talent we’ve seen in the past.
“Lot Fourteen has already created hundreds of jobs – and will create thousands of jobs in the coming years.
“Lot Fourteen is already home to the Australian Space Agency, the Australian Institute for Machine Learning, the Australian Cyber Collaboration Centre, the Stone & Chalk Startup Hub and the MIT bigdata Living Lab.
“This site is rapidly developing into a magnet for international companies from across space, defence, cyber, big data, machine learning and much more.”
Interested parties will have until September 10 to complete an Expression of Interest to be the preferred proponent to complete the Centre design and to finance, construct and own the building.
The Centre will feature a collaborative and curated Innovation Hub on its ground and first floors to facilitate industry and research to come together to drive commercially focused ideas and solutions.
Federal Minister for Population, Cities and Urban Infrastructure Alan Tudge said the Centre would propel South Australia onto the world stage.
“Investing in this precinct will provide a springboard for innovation and bring together South Australia’s leading abilities in space, defence, new technologies and entrepreneurship,” Mr Tudge said.
“Through the centre we can accelerate ideas and opportunities for a huge range of businesses and organisations at Lot Fourteen.”
Mr Tudge said the Innovation Hub will be an integral component of the new Entrepreneur and Innovation Centre building which will be the centrepiece of the precinct.
Launched by Renewal SA on behalf of the state government the EOI will close at 2pm (Australian Central Standard Time) on Thursday 10 September 2020.
Renewal SA is seeking proponents with demonstrated experience in successfully delivering complex and innovative projects.