Stone & Chalk to operate hi-tech start-up hub at Lot Fourteen before Christmas
An interstate innovation hub specialist is accepting applications from high-tech start-ups looking to join a “supportive ecosystem” in the CBD and has an information session coming up.
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An interstate innovation hub specialist has started accepting applications from high-tech Australian and international start-ups looking to join a ‘supportive ecosystem’ at Lot Fourteen in the Adelaide CBD.
Stone & Chalk, which has fintech hubs in Melbourne and Sydney, will set up a hub on North Tce to help develop and nurture start-ups focused on spacetech, defence, cybersecurity, artificial intelligence, and smart cities.
An information session on site will be held on July 18.
The group will partner with the State Government and the Office of the Chief Entrepreneur, led by Jim Whalley.
The establishment of the hub, before Christmas, on the seven-hectare former Royal Adelaide Hospital site adds to the exciting vision, which includes the Australian Space Agency and a national Aboriginal art gallery.
Businesses with global potential, including Myriota, Chamonix, Presagen and Convergen, have moved in as state and federal governments commit funds to re-imagine the former hospital site as an entrepreneurial launch pad.
Stone & Chalk has been selected by the state government as a key anchor tenant and operator of the start-up hub.
Stone & Chalk’s two hubs are home to more than 600 residents in 142 start-ups supported by 27 corporate partners.
The model is set to be replicated in Adelaide.
Stone & Chalk CEO Alex Scandurra said start-ups within the two existing hubs had secured more than $330 million in funding from investors.
“Stone & Chalk might be most readily known for its leadership in nurturing and scaling high-growth fintech companies that are transforming the way we consume financial services,” Mr Scandurra said.
“However, underlying this is a broader capability in building thriving innovation ecosystems where communities of mutual benefit form and produce the type of high-growth companies that are creating the industries and jobs of our future.
“Achieving this requires far more than the simple provision of space,” he said.
Stone & Chalk’s Chris Kirk will be managing the Adelaide hub.
Entrepreneurs can apply at www.stoneandchalk.com.au/adelaide.
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