Adelaide is another step closer to becoming the start-up capital of Australia, with the announcement of the operator for a 650-workspace hub at the Lot Fourteen innovation and ideas neighbourhood.
He announced leading start-up ecosystem builder, the not-for-profit organisation Stone & Chalk, as the operator and anchor tenant of the hub. Stone & Chalk will help businesses in the Lot Fourteen hub to successfully commercialise and scale new ideas.
After just three years of operations, Stone & Chalk now houses over 680 entrepreneurs from more than 140 start-up businesses at hubs in Sydney and Melbourne. The start-ups have collectively attracted more than AU$330 million in capital investment.
“The state government appointed Jim Whalley as Chief Entrepreneur with an Entrepreneurial Advisory Board to help create an environment that will give people with imagination and passion the opportunity to bring ideas to market and build global businesses.
“Through our Future Industries eXchange for Entrepreneurship (FIXE) strategy, we will help create the right culture, improve the capability and mobilise the capital required to make South Australia a global leader in entrepreneurship.”
Mr Whalley said the Lot Fourteen hub would give entrepreneurs, start-ups and scaling businesses in South Australia’s growing innovation ecosystem access to corporate customers, networks, mentors and investors to take their ideas to commercial success.
He said it would be strongly connected to other co-working spaces and innovation hubs across metropolitan Adelaide and regional South Australia.
Background
Lot Fourteen is at a prime CBD location, neighbouring university campuses, commercial businesses, the East End entertainment precinct and Adelaide’s famed Botanic Garden and city parklands. It is on the site of a former major public hospital, which is being transformed into an innovation and ideas neighbourhood by Renewal SA on behalf of the Government of South Australia.
Start-up and scale-up businesses, investors, accelerators and professional service providers can express their interest in leasing space or providing services at the hub by visiting FIXE's website.