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Monday, 17 February 2014 15:56

South Australian Liberals announce big startup boost Featured

By
Opposition leader Steven Marshall Opposition leader Steven Marshall

Australian startups are set to benefit big time in the upcoming South Australian election, with Opposition leader Steven Marshall committing to a new 'StartUp Week' if the Liberal party wins next month's vote.

Marshall announced today a South Australian Liberal government would spend $500,000 to help with the state's "brain drain crisis", adding the Liberal party would establish an Adelaide StartUp Week to foster and support start-ups and small entrepreneurial businesses.

"I want to see people, especially young people, stay here in South Australia, contributing to and participating in our economy," Marshall said.

The event would include high-level international speakers and would aim at providing greater support for young entrepreneurs to turn their ideas into viable SA businesses.

The move has been praised by members of Adelaide's tight-knit startup community.

"Supporting rather than replacing or duplicating existing community initiatives such as Majoran Distillery, South Start and Startup Weekend is a positive step," Orren Prunckun, Founder and Director of the not-for-profit Startup Adelaide Inc, told iTWire.

"Additional support will build on the groundswell of grass roots activity already happening here."

The election is set to be held on 15 March 2014, where it's widely expected the Liberal party will sweep to power after 12 years in opposition.

The South Australian Premier's office has been contacted for comment.

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