Feeds

Innovation aborted in South Australia

Innovate SA gets shut down

Bridging the IT gap between rising business demands and ageing tools

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.” ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.