Stone & Chalk launches into spacetech

Stone & Chalk is partnering with the South Australian government to establish a start-up hub at Lot Fourteen, the largest innovation precinct in the Southern Hemisphere, on the seven-hectare former Royal Adelaide Hospital site.

They had been appointed as a key anchor tenant and operator of the start-up hub, and were selected for its track record in building innovation ecosystems that created new employment and investment opportunities.

South Australian Premier Steven Marshall said the South Australian government was pleased Stone & Chalk would be a strategic innovation partner to help South Australia stake its claim in the innovation age.

“We look forward to commencing our partnership with Stone & Chalk, a global innovation leader, as a key anchor tenant for Lot Fourteen and operator of the start-up hub to fulfil our ambition to have the highest rate of business start-ups of any state in Australia,” Marshall said.

“Our goal for South Australia is to lead the nation in designing, manufacturing, and exporting world-leading defence, spacetech, and smart city innovation, creating a real capability that lasts beyond government-funded projects, and which attracts investment and customers from around the world.”

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Alex Scandurra, Stone & Chalk chief executive officer, said the Lot Fourteen start-up would connect start-ups, scaleups, mentors, corporations, researchers, investors, creatives, and academia in a curated and innovative ecosystem.

“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,” 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."

“It requires an ability to help large organisations – including governments – identify the problems that are best solved from the 'outside-in' and orchestrate commercial outcomes between innovators and partners.”