Feeds

Innovation aborted in South Australia

Innovate SA gets shut down

The essential guide to IT transformation

One of Australia’ more progressive government initiatives for start-ups and tech entrepreneurs Innovate SA has been dumped by the South Australian state government, which has pulled essential funding.

As part of a wide ranging review of the South Australian Government’s finances, the Sustainable Budget Commission made a recommendation to not fund Innovate SA beyond the agreed funding closing date of 30 June 2012.

The suggestion was adopted in the 2010-11 South Australian state budget. The organisation, which has been running since 2009, has been assisting the start-up community with business development programmes, training and mentorship, and helped launch some of South Australia’s successful recent technology entreprenuers.

Innovate SA chief executive Greg Boundy said: “We know that Innovate SA has had a significant impact upon the numerous South Australian businesses we have dealt with, through our Business Advisors and the unique business development programs and services we offer. Innovate SA as an organisation has also been highly collaborative in an endeavour to leverage the best value for South Australian businesses out of the variety of support services available to them.”

Boundy advised clients that Innovate SA would continue to provide its range of programs and services over the next four months and where possible advise of alternative sources of business support available.

The reversal on funding comes only five months after the SA government reaffirmed the organisation's on-going support into 2012.

"Yesterday the 2010-11 State Budget papers confirmed Government’s original commitment to a three-year funding agreement with Innovate SA," said Boundy in September.

He added at the time, "after the recent media speculation, this is welcome news for Innovate SA and the hundreds of South Australian CEOs and entrepreneurial businesses that we work with. Whilst our funding beyond 2012 is uncertain, we will be working hard to secure our ongoing future.” ®

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.