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Stone & Chalk opens for business

15 October 2019

More than 100 entrepreneurs from 29 startups have moved into the new innovation and startup hub at Lot Fourteen, which officially opened for business this week.

Premier Steven Marshall welcomed the first cohort of tenants of the startup hub in the refurbished Allied Health Building that will be operated by Stone & Chalk.

“The official opening of the innovation and startup hub is a major milestone in the development of Lot Fourteen,” Premier Marshall said.

“Lot Fourteen will become the largest innovation precinct in the southern hemisphere and I congratulate Stone & Chalk for the work they have done to support the South Australian startup community since July.

“We are on our way to making South Australia the best place for future industries and entrepreneurship in the southern hemisphere and we want the next generation of innovators and entrepreneurs to take their ideas to global businesses right here in South Australia.

“We have committed to making South Australia the nation’s startup capital, with the highest rate of startups per capita in Australia within a decade. As an important innovation partner and operator of the startup hub at Lot Fourteen, Stone & Chalk will make a significant contribution to achieving this.”

Minister for Innovation and Skills David Pisoni said the development of a startup hub was a key action in the Future Industries Exchange for Entrepreneurs (FIXE) Strategy.

“Entrepreneurs and founders in this first cohort are providing exciting career opportunities for people in future industries and helping South Australia attract and retain the talent that that is necessary for a knowledge-based economy,” Minister Pisoni said.

“The FIXE Strategy outlines a list of objectives and actions that will create a platform for innovation in South Australia with Stone & Chalk providing a network for startups to directly interact with scale ups, corporates, investors and research organisations and make those connections in a curated community to drive growth in innovation.”

Stone & Chalk's Alex Scandurra and Premier Steven Marshall unveil the startup hub's ethos

Stone & Chalk Chief Executive Alex Scandurra said Stone & Chalk was excited to be shaping the future at Lot Fourteen by catalysing commercial success for startups in all emerging tech sectors.

“We are an impact network which means we partner with corporates, government and investors to help high potential startups commercialise and scale,” he said.

“The combination of our curated communities and flagship programs empowers both our partners and residents to foster a culture of innovation and accelerate their growth journey – to make success happen.”

New Stone & Chalk residents will have access to capital, customers, industry insights, super high-speed internet, a curated community, personal development and industry leading programs to support their scale and growth.

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