February 29, 2024

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Adelaide BioMed City Gets AU$450-Million Investment Injection

Image Credits: Invest in South Australia, Press Release

A new AU$450 million development, Trinity City, will be the bridge between the world’s most forward-thinking and innovative health and life sciences companies connecting to the world-class AU$3.8 billion Adelaide BioMed City, in the heart of the Adelaide CBD.

Creating 450 full-time jobs during construction, this world-class development will position the industry at the centre of an ecosystem that is harnessing world-leading hi-tech capabilities to accelerate research and the clinical application of data-driven precision medicine.

With the full support of Trinity Church, Trinity City will be constructed on land at 88 North Terrace in Adelaide, including major restoration to the National Trust-listed Trinity Church and two other local heritage buildings. The premium grade, 28-storey, 60,000sqm building, will offer 360-degree views and will be one of the largest buildings in South Australia.

Local firms will develop the landmark site, which will also include 173 EV-enabled car parks, a 70-place childcare centre and a 200-person auditorium. Trinity City will be a landmark on the Adelaide skyline and a key component of the Adelaide BioMed City precinct, one of the developers said. It will be Adelaide’s foremost new generation post-pandemic commercial tower and a symbol of Adelaide, as one of the most advanced health-focused cities in the world.

Meanwhile, the second developer stated that Trinity City will house over 3,000 staff enabling South Australia to accommodate and attract global companies looking to work side-by-side with the region’s expanding bio-medical expertise. Trinity City will assist in revolutionising and turbo-charging our health-tech economy.

Having undertaken extensive consultation on the redevelopment of the Trinity Church site with local and state government authorities and Heritage SA, construction on Trinity City is expected to commence in 2023, with completion earmarked for 2025.

The Adelaide BioMed City Board Chair stated that breakthroughs in healthcare will come from better understanding the patient and asking the right questions – turning health data into smart data will guide better health and medical decisions.

By combining the region’s long-established strengths in health data with rapidly growing capabilities in data analytics and AI, this vital investment in Trinity City will place Adelaide at the forefront of transforming healthcare through data and position us as a global place to come for data-driven personalised medicine, underpinned by the world-class biomedical infrastructure presented by the partners in Adelaide BioMed City.

Health technologies include things like medicines, vaccines, medical devices and tests. Digital health innovations, such as electronic health records and electronic prescriptions, are increasingly used to improve healthcare service access, transparency and personalisation.

Health technology is a broad term meaning something that is intended to do any of the following:

  • prevent, diagnose or treat medical conditions
  • promote health
  • provide rehabilitation
  • organise the delivery of health care.

Health technologies include:

  • tests
  • medical devices
  • medicines
  • vaccines
  • blood products
  • procedures
  • programs or systems involved in health care.

Australians benefit from new health technologies and advancements in digital health as they:

  • improve quality of life and patient outcomes
  • support Australians to stay as well as possible
  • make the healthcare system more efficient.
  • Emerging health technologies and research
  • Medical research plays a large part in the development and improvement of health technologies.

The Australian Government administers the Medical Research Future Fund (MRFF), an ongoing research fund set up by the Australian Government in 2015. The MRFF is already supporting many research initiatives.

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

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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.

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