Tuesday, 25 June 2019 21:46

Stone & Chalk, South Australian Govt partner to set up innovation hub in Adelaide

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Stone & Chalk, South Australian Govt partner to set up innovation hub in Adelaide Image Stuart Miles, FreeDigitalPhotos.net

Australian fintech innovation hub Stone & Chalk is partnering with the South Australian Government to establish a start-up hub at the Lot Fourteen innovation precinct on the seven-hectare former Royal Adelaide Hospital site.

Stone & Chalk announced that it had been appointed as a key anchor tenant and operator of the start-up hub, and was selected for its “track record and leadership in building thriving innovation ecosystems that create exciting new employment and investment opportunities”.

South Australian Premier Steven Marshall said the South Australian Government was pleased to announce Stone & Chalk as a partner to help South Australia “stake its claim in the innovation age”.

“We look forward to commencing our partnership with Stone & Chalk, a global innovation leader, as a key anchor tenant for Lot Fourteen and operator of the start-up hub to fulfil our ambition to have the highest rate of business start-ups of any state in Australia,” Marshall said.

“Each state in Australia has a limited window of time within which it can create a new and sustainable source of competitive advantage. South Australia provides an ideal environment for entrepreneurs to grow their ideas and take them to market, and the start-up hub will support our local innovators and entrepreneurs to thrive in fast-growing industries such as cybersecurity, defence, space, artificial intelligence and robotics.

“Our goal for South Australia is to lead the nation in designing, manufacturing, and exporting world-leading defence, spacetech, and smart city innovation, creating a real capability that lasts beyond government-funded projects, and which attracts investment and customers from around the world.

“Partnering with Stone & Chalk will put South Australia in the best possible position to achieve this goal – it will help increase entrepreneurial activity, jobs and economic growth, and keep our state at the forefront of global innovation and enterprise.

“Its residents and alumni in Sydney and Melbourne have also already secured over $330 million in funding and created over 600 direct jobs, and are considered some of Australia's most promising high-growth technology scaleups.”

Stone & Chalk has scheduled a soft launch at Lot Fourteen in the third quarter of 2019, and says it will soon start the interview and selection process for residency within the precinct.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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