House of Assembly Fifty-Second Parliament, First Session (52-1) 52 1 Parliament of South Australia House of Assembly published Answers to Questions South Australia Innovation and Investment Fund SOUTH AUSTRALIA INNOVATION AND INVESTMENT FUND Mr HAMILTON-SMITH House of Assembly Waite 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 House of Assembly West Torrens Minister for Mineral Resources Development Minister for Industry and Trade Minister for Small Business Minister for Correctional Services SOUTH AUSTRALIA INNOVATION AND INVESTMENT FUND 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: Grantee Location Australian Advanced Manufacturing Centre Thebarton Australian Southern Exporters Port Lincoln Aztec Paints Pty Ltd St Marys Boart Longyear Lonsdale Broens Industries Pty Ltd Elizabeth South Central Diesel Pty Ltd Wingfield Digislide Holdings Ltd Dry Creek Ferrocut Pty Ltd Osborne Intex Holdings Pty Ltd Seaford Levett Engineering Pty Ltd Elizabeth South Long Distance Technologies Pty Ltd Allenby Gardens Manuele Engineers Pty Ltd West Beach Maxiplas Pty Ltd Elizabeth Modra Hayes Pty Ltd Warooka Samaras Group Gillman The Pipette Company Thebarton The Weeks Group Pty Ltd Elizabeth West Vivopharm Pty Ltd Thebarton 3.	The 18 businesses that have been awarded funding under SAIIF are projected to generate 723 new full-time equivalent (FTE) positions.