Adelaide is an emerging global start-up community. It has developed a strong culture of innovation and collaboration among the business community. It has the best coordinated entrepreneurial ecosystem in Australia.
With low overhead costs, extensive networking opportunities and formidable support from government and the business community, entrepreneurs are readily embraced by the community and encouraged to expand their opportunities and build their businesses in Adelaide.
Both the City of Adelaide and State Government are committed to nurturing innovators; there are more than 100 programs supporting entrepreneurs and the majority of these are coordinated by Adelaide’s own entrepreneurial community.
Many of Adelaide’s business leaders are actively engaged in mentoring young entrepreneurs, both independently and through structured programs. There are seven coworking spaces in the CBD alone that support innovation through collaboration and networking. Some spaces are industry specific and many have been the birthplace of successful technical, creative and professional ventures.
The coworking communities work in closely with local businesses and with Adelaide’s universities, many of which offer their own accelerator programs and coaching.
Adelaide has well-deserved reputation as a city that is open to innovation and a safe environment to introduce and test new products and services.
Global technology leader Microsoft launched its second Australian Innovation Centre in Adelaide in 2015.
“We felt South Australia gave us a unique opportunity in terms of access to talent and – probably more importantly – a joined-up ecosystem between industry, government and academia to make a go of it,” Microsoft state director Brian Kealey said at the time.