Space, startups and skills boosted in SA budget

September 11, 2018

Innovation initiatives designed to lure startups and the nascent Australian Space Agency have received almost half a billion dollars in funding in the South Australian budget, the first under the new Liberal government.

Renewal SA has been granted five years and $476 million to oversee the redevelopment of the former Royal Adelaide Hospital, now known as Lot Fourteen, into an innovation and commercialisation precinct.

Several heritage buildings along the CBD’s North Terrace will be redeveloped to create 650 startup spaces, and potentially the Australian Space Agency if the city of churches takes the fancy of the nation's space operators.

The state government has also allotted $1 million over four years for a dedicated Space Innovation Precinct on the condition that it wins out over one of the other states or territories vying to be the home of Australia’s space capabilities.

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