New site for bioscience businesses

The new BioSA Tech Hub has been created to provide advice, business services and equipment to new technology companies.

The Tech Hub, the result of a partnership between private business and the South Australian government, will open later this year and will complement work at the existing BioSA Business Incubator. It has a pilot manufacturing suite, larger lab sizes and additional office space to accommodate companies that are expanding beyond early stage.

The Minister for Science and Information Economy, Grace Portolesi, said that the “new facility will assist emerging companies to access the equipment, work space and support they need to get a strong start in the industry.

“The cost of buying laboratory equipment and hiring staff with relevant marketing, finance and human resources experience can be a barrier for many start-up companies in high-tech fields.”

The Tech Hub will host companies from a diverse range of fields including pharmaceuticals, information communication technology, clinical services and medical device manufacturing.

Chief Executive of BioSA Dr Jurgen Michaelis said the shared space would be a great help to industries in the sector.

“The BioSA Incubator has proven to be an outstanding success, maintaining 100% occupancy for the last four years. We are already seeing tenants line up for the Tech Hub.

“The ultimate aim is to ensure these companies are prepared to successfully attract private investment, grow their operations and create jobs,” he said.