Seeking developers for innovation precinct flagship

Developers and investors are being sought for a world-class Entrepreneur and Innovation Centre at Lot Fourteen to help create the next generation of businesses and jobs for South Australia.

The multi-storey building will become the iconic flagship of our innovation precinct and set the global pace for multidisciplinary innovation, collaboration and entrepreneurship.

Lot Fourteen is backed by the South Australian and Australian governments and is a key focus of the $551 million Adelaide City Deal to provide a springboard for innovation and bring together the state’s leading abilities in space, defence, hi-tech and creative industries.

The Innovation Hub within the EIC will facilitate interaction between industry and research (indicative only).

Premier Steven Marshall today launched an Expression of Interest (EOI) to seek a preferred proponent to complete the Entrepreneur and Innovation Centre design and to finance, construct and own the building.

He said the precinct provided unparalleled collaborative opportunities to accelerate innovation, driving economic growth and creating a pipeline of jobs across a range of high-tech sectors.

“We are establishing Lot Fourteen as the epicentre of South Australia’s vision to be the leading centre for future industries and entrepreneurship in the Southern Hemisphere,” said the Premier.

“It is rapidly developing into a magnet for international companies from across space, defence, cyber, big data, machine learning and much more.”

South Australian Premier, Steven Marshall, launched the Expression of Interest for the EIC at the project site, where an obsolete hospital building and infrastructure is being demolished. He is pictured with Lot Fourteen State Project Lead Diane Dixon.

Lot Fourteen is already home to the Australian Space Agency, the Australian Institute for Machine Learning, the Australian Cyber Collaboration Centre, the Stone & Chalk Startup Hub and the MIT bigdata Living Lab.

It is also the home of impressive, pioneering businesses such as Myriota, Inovor Technologies, Neumann Space, Chamonix, Presagen and Life Whisperer.

Federal Minister for Population, Cities and Urban Infrastructure Alan Tudge said the Centre would propel South Australia onto the world stage.

“Investing in this precinct will provide a springboard for innovation and bring together South Australia’s leading abilities in space, defence, new technologies and entrepreneurship,” Mr Tudge said.

“Through the centre we can accelerate ideas and opportunities for a huge range of businesses and organisations at Lot Fourteen.”

The Premier said the EIC would feature a collaborative and curated Innovation Hub on its ground and first floors to facilitate industry and research to come together to drive commercially focused ideas and solutions.

The Australian Government has committed up to $20 million in capital towards the establishment of the Innovation Hub through the Adelaide City Deal. The Innovation Hub will be subject to a lease by the state government.

The EOI will be conducted by Renewal SA on behalf of the state government.

Renewal SA, in its development role for the state government, is seeking proponents with demonstrated experience in successfully delivering complex and innovative projects.

Speed to completion is critical for the EIC, so the state government will provide a fully costed commercial design scheme that can be quickly progressed to meet the requirements of interested tenants. These include those from the Australian Government, the university sector and global defence and technology companies.

This will enable the successful proponent to secure lease commitments and to finalise design and construction documentation for a target construction start date of the second quarter of 2021.

The EOI will close at 2pm (Australian Central Standard Time) on Thursday 10 September 2020.

More information: lotfourteen-innovationcentre.colliers.com.au