The imminent South Australian state election has flushed out another government-backed project with the announcement of a $400 million Entrepreneur and Innovation Centre (EIC) for the Lot Fourteen precinct on North Terrace, Adelaide.
The EIC ‘will set the global pace for multidisciplinary innovation, collaboration and entrepreneurship and is specifically designed to suit the secure environment for defence, space, and hi-tech businesses, education and research institutions’, according to the state government.
‘The 16 level, 35,000 sqm building will be central to the precinct and home to a flexible, campus-style Innovation Hub and ground floor collaborative event and food and beverage retail spaces.’
The hub joins numerous organisations and 1,000 staff from cutting edge industries who have relocated to the site, which previously housed the former Royal Adelaide Hospital.
It is home to the Australian Space Agency and Australian Cyber Security Centre and the Australian Centre for Machine Learning among others.
A new national Aboriginal Art and Cultures Centre is taking shape as part of the precinct (pictured).
Quintessential Equity will deliver the project.
The federal government has committed up to $20 million through the Adelaide City Deal towards the establishment of the Innovation Hub as part of the curated collaborative space on the ground and first floors of the EIC.
The Hub will be dedicated to fostering idea exchange and accelerating commercialisation and business growth.
The technology and security information infrastructure embedded in the building will facilitate various levels of sensitivity and security resilience classifications for tenants, allowing our tenants to attract and retain world leading talent.
The building will also target a 6 Star Green Star rating, Gold WELL certification and a 5.5 Start NABERs energy rating.
Programmed to commence construction in late 2021, the EIC is scheduled to open in 2023.
The SA state election will take place on March 19.
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