Lot Fourteen, under FIXE strategy, to be home for entrepreneurs with innovative ideas for startup businesses
The Stone and Chalk company provides the shared working spaces for startup business enterpreneurs at Adelaide Lot Fourteen, as part of the Future Industries eXchange for Entrepreneurs (FIXE) Strategy launched by the South Australian government.
The South Australian Lot Fourteen innovation hub opened in 2019 at the former Royal Adelaide Hospital site with more than 100 entrepreneurs from 29 startup businesses. Innovation and the startup hub at Lot Fourteen was a key to the Future Industries eXchange for Entrepreneurs (FIXE) Strategy launched by the South Australian government earlier in the year.
The shared working space for startups at Lot Fourteen was being run by leading Australasian not-for-profit company Stone and Chalk that partners with corporates, government and investors to help high potential startups learn to become commercial and to grow.
The aspiring startup business would be supported at Lot Fourteen by the office of the South Australian chief entrepreneur and the entrepreneurship advisory board.
Premier Steven Marshall said the state government was committed to making South Australia the nation’s startup capital, with the highest rate of startups per capita in Australia within a decade. It wanted the next generation of innovators and entrepreneurs to take their ideas to global businesses from South Australia.
Lot Fourteen was aimed at becoming the largest innovation precinct in the southern hemisphere, also housing local and international tech, space, defence and cyber companies .
The Lot Fourteen name is derived from the allotments that South Australian surveyor-general Colonel William Light laid out in his 1837 plan for Adelaide.
