The South Australian Government commissioned a report to explore ways to improve the commercialisation of research in South Australia, attract more venture capital, and provide better support for our innovative start-up companies. We want you to tell us your feedback on the report's recommendations.
The report’s focus on supporting early stage and start-up companies represents just one component of our innovation ecosystem. Innovation is about creating value through new ideas. Whether it is to build an open, high-growth, high-technology, clean-technology economy or to reform the way we deliver essentialContinue reading
The South Australian Government commissioned a report to explore ways to improve the commercialisation of research in South Australia, attract more venture capital, and provide better support for our innovative start-up companies. We want you to tell us your feedback on the report's recommendations.
The report’s focus on supporting early stage and start-up companies represents just one component of our innovation ecosystem. Innovation is about creating value through new ideas. Whether it is to build an open, high-growth, high-technology, clean-technology economy or to reform the way we deliver essential community services, we’ve reached a point where real change requires us to do new things in new ways. You can download the report here(PDF, 1.2MB).
Growth through innovation and The knowledge state are two of the Government’s Ten Economic Priorities. This report makes an important contribution to these two economic priorities and the advancement of the State’s innovation agenda. It highlights the need to improve the commercialisation of research in South Australia and better support innovative start-up companies.
Among a number of recommendations, the report recommends the government:
Establishes a $50 million Venture Capital Fund and a $10 million Early Commercialisation Fund to better support innovative South Australian start-up companies.
Encourages a merger of the commercialisation arms of the local universities and the commercialisation of SAHMRI research.
Develops a single Innovation Policy Statement that would provide the framework to consider support for innovation programs.
Restructure and better support BioSA.
How can you get involved?
The government wants to hear from the community about the recommendations in the report. Your input will guide the government’s response to the report so your feedback and ideas are important. Join the discussion here.
This is the first stage of the engagement process with the community, with further engagement initiatives to be announced in the coming weeks - stay tuned for updates.
The government’s response to the report on commercialisation of research and start-ups in SA, included the establishment of a new Venture Capital Fund and Early Commercialisation Fund, and support for Adelaide as Australia’s first Gig City.
