SOUTH AUSTRALIA INNOVATION AND INVESTMENT FUND

186 Mr HAMILTON-SMITH (Waite) (30 November 2010). With reference to Budget Paper 4, volume 1, page 2.7, Highlights 2009-10, SA Innovation and Investment Fund—

1. What was the total cost of the activity?

2. How many and which companies were assisted and where are those companies located?

3. How many jobs were directly created from the activity?

The Hon. A. KOUTSANTONIS (West Torrens—Minister for Mineral Resources Development, Minister for Industry and Trade, Minister for Small Business, Minister for Correctional Services): I have been advised the following:

1. The South Australia Innovation and Investment Fund (SAIIF) is a $30 million industry development program. The Commonwealth Government is contributing $27.5 million to the program and the balance of $2.5 million is being contributed by the South Australian Government.

2. The following 18 businesses have been awarded funding under SAIIF:

3. The 18 businesses that have been awarded funding under SAIIF are projected to generate 723 new full-time equivalent (FTE) positions.