House of Assembly - Fifty-Second Parliament, Second Session (52-2)
2012-02-14 Daily Xml

Contents

SOUTH AUSTRALIA INNOVATION AND INVESTMENT FUND

325 Mr HAMILTON-SMITH (Waite) (23 August 2011) (First Session). With respect to 2011-12 Budget Paper 4—Volume 4, p37—

1. How many grants have been made under the South Australian Innovation and Investment Fund, who were the successful applicants and how much was provided to each recipient?

2. What were the names of the 29 projects that came under this Fund?

The Hon. A. KOUTSANTONIS (West Torrens—Minister for Manufacturing, Innovation and Trade, Minister for Mineral Resources and Energy, Minister for Small Business): There were 29 grants approved under the South Australia Innovation and Investment Fund. The details of the successful applicants and the amount awarded to each recipient are detailed in the table below.

Company FundingAwarded$
Broens Industries 2,500,000
Australian Advanced Manufacturing Centre 1,500,000
Samaras Group 1,000,000
Ferrocut Adelaide 2,250,000
Levett Engineering Pty Ltd 2,250,000
Australian Southern Exporters 499,250
The Pipette Company 366,470
Intex Holdings 1,000,000
Boart Longyear Australia Pty Ltd 2,000,000
Digislide Holdings Ltd 1,200,000
Long Distance Technologies 275,000
Modra Hayes Pty Ltd 1,250,000
The Weeks Group Pty Ltd 600,000
Viviopharm 250,000
Central Diesel Pty Ltd 500,000
Manuele Engineers Pty Ltd 500,000
Maxiplas 2,210,000
Aztec Paints 372,500
Clean Seas 600,000
Ezy-Fit Hydraulics 585,000
Hospira Adelaide 900,000
Numetrics 287,500
PLB Australasia 383,000
Redarc Electronics 900,000
Robin Johnson Engineering 900,000
Sage Automation 475,759
SMR Automotive Australia 500,000
Peoples Republic of Animation 250,000
Trackside IQ 294,000


Subsequently, the People's Republic of Animation has withdrawn their project proposal as they were unable to spend the grant monies within the stipulated timeframe.

The names of the projects that were awarded funding under this fund are detailed above.