Welcome to South Australia, a land of natural beauty, rich history, and thriving innovation. Offering world-class healthcare facilities, cutting edge research and development opportunities, and a supportive ecosystem for entrepreneurs, innovators and partners in the health and medical innovation sector.
South Australia and its capital city Adelaide is fast becoming a destination of choice for innovators, researchers, and industry partners who are transforming brilliant health and medical discoveries into new-to-world innovations to improve lives globally.
The $4 billion Adelaide BioMed City is one of three Health and Medical Innovation Districts in the heart of Adelaide, comprised of leading-edge anchor institutes and companies, that cluster and connect with start-ups, business incubators and accelerators.
Adelaide’s competitive advantage includes significant investment and committed future plans for capital developments, forming a connected locale of mixed-use infrastructure. The government is introducing a new state-wide innovation model to strategically connect the state’s three growing innovation districts – Adelaide BioMed City, Lot Fourteen and Tonsley, to capitalise on South Australia’s competitive advantage in emerging sectors of advanced manufacturing.
South Australia has rapid regulatory pathways, and globally accepted quality data systems which is attractive for conducting world-class clinical trials. Adelaide’s central business district hosts a connected network of clinical research organisations, clinical trial sites and analytical services.
South Australia has advantageous Research and Development manufacturing incentives and is ranked as the most competitive city to do business in the Asia-Pacific regions (KPMG), with labour costs at 9 per cent below the Australian average.
Geographically, South Australia is centrally located to other domestic cities and an accessible launch pad to key fast-growing Asian markets, such as China, India, and Southeast Asia. It’s also a great place to live, with Adelaide named #3 on the world most liveable cities list, according to the Economist Intelligence Unit’s Global Liveability Index 2021.
The city is home to the Royal Adelaide Hospital, a technologically advanced hospital which offers a range of specialties including cancer treatment, cardiac care and neuroscience. Other leading healthcare facilities include the Flinders Medical Centre and the Women’s and Children’s Hospital, both of which are dedicated to providing exceptional care to patients and their families.
South Australia is also a hub for medical and health-related startups, with a growing number of entrepreneurs and innovators choosing to base operations here.
The Government of South Australia with the SA Chief Scientist, Professor Caroline McMillen, has introduced EXCITE, its 10-year strategy to position the state in the top quartile of OECD nations by 2030, for key performance measures in the research and innovation value chain.
Part of this strategy is the $3 million Adelaide Intermediary Program, an initiative delivered by MTPConnect, designed to support the growth of South Australia’s health and medical innovation sector.
Working with the broad range of stakeholders across South Australia’s healthtech sector, MTPConnect’s Adelaide team forge strategic connections, build capacity and foster a culture of innovation and translation.
- One-on-one consultations, where the team provide advice and identify prospective collaborators and funding opportunities
- Business development support in the way of national and international connections to prospective partners and investors
- Major projects coordination for state-wide bids to secure funding, infrastructure and programs that position South Australia for future success
- Knowledge sharing, skills development and networking opportunities through roundtables, events and professional development activities
- Creating and amplifying sector intelligence through sector reports, case studies and media platforms including podcasts and news updates.
The Adelaide Intermediary Program has become the go-to one-stop-shop for connecting and empowering SA’s health and medical innovation ecosystem, while also increasing the profile of South Australia’s efforts around the globe.
Connect with the AIP team, led by Jo Close, AIP Director – [email protected]