A program that has attracted $125.5 million in funding to South Australia’s life science innovation ecosystem will be extended for a further three years thanks to continued support from the South Australian Government.
Since 2022, MTPConnect’s highly successful Adelaide Intermediary Program (AIP) offers a range of services and activities focused on the local ecosystem.
By building capacity, facilitating valuable connections and fostering a culture of innovation and translation, the program is backing the state’s growing local health innovation ecosystem of researchers, startups, scaleups, enterprises and investors.
As a result, the program has achieved:
- 947 strategic business connections made
- $125.5 million in funding attracted, through bespoke proposal support
- 985 stakeholders trained
- 115 professional skills development and curated events hosted with 3,000 participants
Dr Massey de los Reyes, Facilities Manager and Principal Scientist at South Australian-based entX, explained the impact of the program:
“The commercialisation expertise and industry connections we have made with MTPConnect’s AIP team will have a significant impact on a successful market entry.
“Their guidance has accelerated our ability to develop a critical sovereign supply capability that will support the burgeoning radiopharmaceuticals sector in the region and attract investment, highlighting the importance of such collaborative networks in driving innovation forward,” said Dr de los Reyes.
Another SA-based company, Clever Culture Systems CEO Brent Barnes explained how the program’s valuable support that has contributed to the company’s growth.
“The Adelaide Intermediary Program has been invaluable in connecting Clever Culture Systems with local, interstate, and global customers as well as influential stakeholders.
“Through AIP’s focus on connectivity, we’ve secured a product sale to an early adopter customer and also appointed a Board member.
“I look forward to the annual CEO dinner as a standout opportunity to engage with industry leaders,” said Mr Barnes.
MTPConnect CEO, Stuart Dignam said:
“We are delighted to continue working closely with the South Australian Government and the local life sciences industry.
“We are looking forward to building on the achievements and impact we’ve made as the program continues to evolve over the next three years.
“Through the expertise of our team and the targeted support activities we lead, we’ve had new companies formed, investment attracted, deals done, revenues generated – and exceptional people and companies growing in the sector. We continue to receive positive feedback from industry about the work we are doing to support their growth.
“We are also helping South Australian companies make international connections and access global markets through trade missions and strategic collaborations, including opportunities to join delegations in the US at BIO and the Medtech Conference, and the Saudi Global Health Exhibition,” said Mr Dignam.
