Announcement - Innovate SA’s future

I regretfully advise that it has been confirmed, Innovate SA will not be funded beyond 30 June 2012.

In 2010 as part of its 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. This recommendation was adopted in the 2010-11 state budget.

Since 1st July 2009 as a newly formed organisation, 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. This impact has been well evidenced through the many client testimonies received, case studies, program evaluations, client surveys and econometric studies that we have conducted and in our recent Annual Report.

Unfortunately, we have been advised that due to budget constraints no further funding will be provided to Innovate SA beyond 30 June 2012.

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. We thank and acknowledge our collaborative partners including; Local Government, Zerowaste SA, Regional Development Australia, Advantage SA, Industry Associations, Universities, in particular ARI, ITEK and Flinders Partners, Enterprise Connect, AiGroup and other state and federal government agencies and bodies.

As our valued client please be assured that we, Innovate SA, will continue to provide our range of programs and services over the next four months and where possible advise of alternative sources of business support available.

Thank you for your support of Innovate SA. If you have any further queries please contact me on 8113 0700.

Yours sincerely,

Greg Boundy
Chief Executive, Innovate SA.

www.innovatesa.com.au