Lot Fourteen is being redeveloped to attract entrepreneurs, start-ups, corporations, mentors, researchers and investors.
The seven-hectare site will include space for defence, cyber security, artificial intelligence and space companies, with Adelaide-based Myriota among the first tenants.
Adelaide-based satellite communications company Myriota will be moving to the Lot Fourteen innovation hub as part of an expansion, which will see an additional 50 jobs added by the company as it makes use of the facilities, services and infrastructure developed as part of the new innovation hub.
Dr Alex Grant, CEO and co-founder of Myriota, said, "We are in a phase of rapid expansion and set to create over 50 new high-tech jobs in the next couple of years.
"Moving to Lot Fourteen with access to its world-class facilities, in an exceptional location that will be home to high-tech innovators, scale-ups and multinationals, makes complete sense to us."
As a company, Myriota has enjoyed a number of key milestones, including:
- In 2017 Myriota also secured a contract under the Federal Government’s Next Generation Technologies Fund to develop the world’s first Fight Recorder, a data recorder worn by soldiers on the battlefield; and
- Myriota raised $19.4 million in venture capital investment, including from Australian VC firms Main Sequence Ventures and Blue Sky Venture Capital, as well as Boeing HorizonX Ventures, Singtel Innov8 and Right Click Capital, to launch nanosatellites to orbit 500 kilometres above Earth, as part of an internet-of-things network.
Defence SA chief executive Richard Price welcomed news of Myriota's relocation, saying, "Lot Fourteen will be the perfect place where highly skilled talent and agile start-ups and companies, like Myriota, can thrive and grow. It’s fantastic to see such a deep level of interest from start-ups and companies working in high-growth industries, like space and defence, wanting to be part of this innovation neighbourhood that will nurture talent, support new ventures and create jobs."
Developed on the site of the former Royal Adelaide Hospital, Lot Fourteen is being transformed into one of the nation's premier technology innovation hubs playing home to defence, cyber security, artificial intelligence and space companies.
"Creating an environment that supports entrepreneurship, innovation and research capabilities in South Australia is important to our growth and success in these key industries," Price said.
The seven-hectare redevelopment site aims to drive jobs growth in these fast growing industries as well as blockchain, robotics and related technologies, with around 1,000 people expected to be working at Lot Fourteen by late 2019, with more than 40 businesses, including aerospace, technology and innovation giant Lockheed Martin, recently announcing tenancy in at the site.
Founded in 2015 to commercialise technology generated at the University of South Australia, Myriota has developed an ultra-low-cost satellite IoT service. Their cutting-edge technology makes IoT possible for a wide range of remote industries including agriculture, asset tracking, utilities and defence. Current deployments include asset tracking and monitoring, agricultural water monitoring, environmental monitoring and more.