Q: What is happening?
A: The South Australian Government has committed to a new model to enable and promote entrepreneurship in South Australia so that within a decade, the State will have a higher rate of business start-ups than anywhere else in Australia. The Government’s model for economic growth through entrepreneurship and start-ups will be led by a new Chief Entrepreneur and an Entrepreneurship Advisory Board.
Key to this will be the establishment of an Innovation, Incubator, Start-up and Growth Hub at Lot Fourteen, located at the former Royal Adelaide Hospital which will provide entrepreneurs with one central location to access mentors, financial advice and other support required to advance ideas into commercially successful businesses.
To support the Chief Entrepreneur and Entrepreneurship Advisory Board, the Department for Industry and Skills will establish an Office of the Chief Entrepreneur.
The Office of the Chief Entrepreneur will be the entry point for entrepreneurs, startups, service providers, investors and other members of the entrepreneurship community in South Australia.
This represents a change for what is currently known as TechInSA, as it shifts to support the new model. Importantly, the services and support for entrepreneurs and startups provided by TechInSA will be transitioned into the Office of the Chief Entrepreneur and expanded in collaboration with private sector providers and the Department for Industry and Skills.
Q: What will happen to TechInSA staff?
A: It will be business as usual for the most part, while we work through the necessary review processes and transition activities.
TechInSA and the Department for Industry and Skills are committed to honouring existing employment contracts, and the potential to provide future employment opportunities where available. TechInSA will be working closely with the Department for Industry and Skills to look at employment opportunities for TechInSA staff within the Office of the Chief Entrepreneur, the Department for Industry and Skills, or potentially elsewhere in the Public Sector, where appropriate.
Should staff feel that you require additional support, the employee assistance program is available to you by contacting Corporate Health Group on 8352 9898, or 0418 883 855 if calling after business hours.
Q: What is the timeframe for the transition?
A: This will be a transitional process. It is expected the orderly wind up of TechinSA will take several months.
Q: What happens to the tenants based in the Thebarton Incubator and Tech Hub and land at the Thebarton Precinct?
A: All tenancy agreements in the Thebarton Incubator and Tech Hub will be honoured and all obligations will be reviewed. Renewal SA will undertake a full review of the Thebarton Precinct including all existing tenancies and develop a plan for the future of the Precinct.
Q: Will the Thebarton Incubator and Tech Hub still be connected to the GigCity network?
Q: What happens to existing programs and grants administered by TechInSA?
A: All grant agreements and contractual commitments under programs will be honoured.
Q: Will grants, administered by TechInSA, that have already been awarded to companies be honoured?
Q: What will happen to other initiatives supported or managed by TechInSA?
A: The Chief Entrepreneur, supported by the Entrepreneurship Advisory Board and the Department of Industry and Skills, will undertake a review all initiatives managed by TechInSA to determine what should continue and how best to transition into the support programs that will be available through the Office of the Chief Entrepreneur.
Q: When will the Innovation, Incubator, Startup and Growth Hub open at Lot Fourteen at the former Royal Adelaide site?
A: The Innovation, Incubator, Startup and Growth Hub open at the former Royal Adelaide site will progressively open over the coming months.
Q: When will the Office of the Chief Entrepreneur be established?
A: It is expected the Office of the Chief Entrepreneur will be established and operational in the coming months.
Q: Who will be the new Chief Entrepreneur?
A: Co-founder of the innovative defence company Nova Systems, Jim Whalley, has been appointed South Australia’s Chief Entrepreneur.
Q: Who are the members of the Entrepreneurship Advisory Board?
A: The members of the Entrepreneurship Advisory Board will be announced in the near future.