Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

South Australian start-up sector to receive funding

A A$ 28 million assistance program was launched by the South Australian State Government in order to support new and existing businesses and research enterprises, with a focus on the former Royal Adelaide Hospital site, which is now known as Lot Fourteen.

According to a recent press release, the Research, Commercialisation and Start-up Fund (RCSF) will support research programs that stimulate and encourage the creation of more start-up businesses in South Australia.

Minister for Industry and Skills David Pisoni shared that the fund will be managed by the Department for Industry and Skills.

The funding aims to support proposals that build industry research and development capability in South Australia, advance scientific research and help entrepreneurs market their ideas.

This fund will compliment two other state government schemes: the Economic and Business Growth Fund, to be managed by the Department of Treasury and Finance; and the Regional Growth Fund, to be managed by the Department of Primary Industries and Regions.

The objective of this A$ 28 million fund is to contribute to the economic growth by supporting collaboration between enterprises, researchers and universities.

Moreover, it will encourage the establishment and growth of start-ups in South Australia.

South Australia’s Chief Scientist Professor Caroline McMillen said science and research delivers innovation, which underpins competitive industries and drives the emergence of new businesses.

This Fund will build the talent, infrastructure and collaborations required to attract investment and grow a strong knowledge-based economy in South Australia.

Scientists are being encouraged, together with their business partners, to engage with the Office of the Chief Scientist to discuss how to take up the opportunities this Fund provides.

The Research Commercialisation and Startup Fund will turn bold ideas into real profit according to the Chief Entrepreneur for South Australia Mr Jim Whalley.

South Australians are not short on creativity. What they require is networking and mentoring opportunities and financial support to turn ideas into viable businesses.

The Fund addresses this need, funding activities designed to further build the local start-up ecosystem, connect it globally and provide several funding pathways to support entrepreneurs who are looking to launch or scale-up.

Applicants should email the Department for Industry and Skills to initiate a discussion of their proposal ahead of submitting an expression of interest application.

The RCSF is comprised of three competitive funding streams.

Stream 1 is the Strategic Research Initiatives.

This stream supports research initiatives that will create innovative solutions or translate research into industry or commercial outcomes that address economy-wide challenges for South Australia.

Stream 2 is the Startup and Early Stage Company Incentive.

This stream provides entrepreneurs with funding to start and scale their innovative early-stage business.

Stream 3 is the Entrepreneurship and Innovation Ecosystem Initiatives.

This stream supports programs, events and activities that have broad benefit to the startup community.

Stream 1 and 3 calls for proposals to address specific initiatives and will be announced with details of timing and funding to be specified from time to time.

Funding is awarded on a competitive basis.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.