Tuesday, 28 June 2016 19:41

SA govt investing $4.65m in Internet to attract global techs, create jobs Featured

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SA govt investing $4.65m in Internet to attract global techs, create jobs Image courtesy of Stuart Miles, freedigitalphotos.net/images

The South Australian government is investing $4.65 million in establishing what it says is an ultra-fast Internet, offering businesses in Adelaide speeds up to 100 times the national average. The government expects the investment will help to attract high-tech global companies to set up in the city, while also creating jobs.

South Australian Premier Jay Weatherill confirmed on Tuesday that the $4.65 million would be included in next week’s state budget to fund the establishment of the Gig City network which will make affordable one gigabit connections, with speeds of up to 10 gigabits per second available if businesses invest in additional end-user technology. The network is expected to be rolled out by year-end.

Gig City is a growing network of one gigabit speed cities, aiming to support entrepreneurship and attract investment from high tech companies.

The SA government says the network will make Adelaide the first Gig City in Australia and the capital of “ultra-fast internet for business, attracting investment from high tech global companies, as well as creating jobs in future industries”.

Gig City will use the existing optical fibre South Australian Broadband Research and Education Network (SABRENet), and will be rolled out at Tonsley, Technology Park, Techport, Thebarton BioScience Precinct, St Paul’s Creative Centre, the Majoran Co-working Space, Hub Adelaide, and the Stretton Centre.

The SABRENet network is owned by the state government and South Australia’s universities, and uses an optical fibre telecommunications network connecting research and educational sites.

The city of Chattanooga in the US was the first to roll out the Gig City network – generating more than US$1 billion in economic and social benefits, and creating more than 3000 jobs.

Weatherill says that having access to ultra-fast internet will drive significant economic development and job creation opportunities, and will embed South Australia as a leading centre for innovation and entrepreneurship.

“By building the infrastructure of the future, innovative and high-tech businesses will want to establish and relocate to Adelaide from around the world to take advantage of the ultra-fast Internet speeds.

“Growth through innovation is one of the government’s 10 economic priorities and the Gig City Program will help start-ups, larger industries, as well as helping the two come together.”

SA Treasurer Tom Koutsantonis says Gig City is one of a suite of measures the state government is introducing to modernise the state’s economy as it transitions away from traditional manufacturing and towards high-tech businesses and jobs.

“By giving tech start-ups and other businesses access to ultra-fast internet through the Gig City program, we can help those new businesses grow faster and attract entrepreneurs to South Australia who want to tap into the infrastructure and business environment we are creating.”

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