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House of Assembly - Fifty-Fourth Parliament, First Session (54-1)
2018-10-16 Daily Xml
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Lot Fourteen

Dr HARVEY (Newland) (15:24): My question is to the Minister for Industry and Skills. Can the minister update the house on the progress—

Ms Hildyard interjecting:

The SPEAKER: The member for Reynell can depart for the rest of question time under 137A.

The honourable member for Reynell having withdrawn from the chamber:

Dr HARVEY: My question is to the Minister for Industry and Skills. Can the minister update the house on the progress of Lot Fourteen and the state government's initiative to make South Australia the innovation and start-up capital of the nation?

The Hon. D.G. PISONI (Unley—Minister for Industry and Skills) (15:24): I thank the member for Newland for his question. Being a Doctor of Philosophy, in the sciences, he is very interested in innovation and what is happening with the commercialisation of research and the opportunities that Lot Fourteen is providing here in South Australia to do that.

The Marshall Liberal government is delivering on our election commitment to create jobs, lower costs and provide all South Australians with better services. Our initiatives are the basis of business confidence continuing to grow here in South Australia, now at the highest level in a decade. The Bank SA business survey, the NAB business survey, the Property Council business survey—all of them reporting that business confidence has returned to South Australia.

Before the election, the light had gone out at the end of the tunnel; there is a glaring blaze at the end of that tunnel now. That is what the business community is telling South Australians. There is no doubt that our state has a bright future. To support this optimism, we are making South Australia the nation's start-up capital. South Australian start-ups, while smaller in number, on average are more ambitious in terms of jobs growth than in the rest of Australia. The Marshall Liberal government is building Australia's largest incubator and start-up hub in the heritage buildings at Lot Fourteen, the former Royal Adelaide Hospital site.

Recently, expressions of interest were sought for the new hub at Lot Fourteen. The process closed on 2 October. The response to the expressions of interest and the registrations of interest process has been very pleasing. The large response shows that there is significant local and national market interest for business to take place in the hub. Lot Fourteen is already vibrant, and we expect many more start-ups and scale-up businesses and entrepreneurs to be working from that precinct by the middle of next year.

Businesses currently operating from Lot Fourteen include satellite communications company Myriota, Chamonix IT Solutions and SA Pathology, with the University of Adelaide's Australian Institute for Machine Learning set to relocate there next year. Our focus is to support businesses in transforming their strengths into profits, create the right conditions to expand domestic and global markets, and ensure more jobs for South Australians. Chief Entrepreneur, Jim Whalley, states:

Based on the success we've already seen through the EOI/ROI, it's evident that South Australian businesses are eager to capitalise on fast-growing, high-tech industries like space and defence.

It's great to see the Office of the Chief Entrepreneur as part of the hub. This ensures there is no longer a disconnect between great ideas and business success.

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