Legislative Council Fifty-Fourth Parliament, First Session (54-1) 54 1 Parliament of South Australia Legislative Council published Question Time Massachusetts Institute of Technology Massachusetts Institute of Technology The Hon. T.T. NGO Legislative Council Massachusetts Institute of Technology The Hon. T.T. NGO (14:46): Supplementary: what incentive did the government provide to MIT to come here? The Hon. D.W. RIDGWAY Legislative Council Minister for Trade Massachusetts Institute of Technology The Hon. D.W. RIDGWAY (Minister for Trade, Tourism and Investment) (14:46): Again, a wonderful question from the honourable member. What we provided was an exciting, visionary ecosystem. It's called Lot Fourteen; it's called a great Premier who has a vision for this state. We have a much greater ambition for South Australia than the former government ever had. We actually haven't given them anything. I said that before. We did not give them any money. BankSA are the funding partners and supporters, and Optus is a supporter. MIT has come, and they are going to be domiciled at Lot Fourteen. They are coming here, they have developed a business model and they are going to take up some space there. There have been no inducements given to MIT, as far as I am aware. My department has been negotiating the arrangements with MIT and there could be some small amount of office rent but, when you are talking about a multimillion dollar deal over a number of years, it's insignificant if there is any office rent supplied.