Supporting the exploration and extraction of South Australia’s critical minerals are vibrant mining, manufacturing and technology sectors, working in tandem with South Australia’s higher education institutions to bolster innovation and R&D capabilities.
You’ll find dedicated precincts of excellence and innovation hubs catering to the mining and resources sector. The Tonsley Innovation District, south of Adelaide, facilitates partnerships between the mining sector and high-value manufacturing industries linked to the resources sector, such as engineering, design, project management, fabrication and mining equipment.
Lot Fourteen, an innovation precinct in Adelaide’s CBD, hosts the CORE Innovation Hub, the first of its kind in Australia for the resources sector. The Hub provides a national ecosystem for suppliers, researchers, entrepreneurs and industry to connect and collaborate on innovative solutions for the mining and resources sector.
And South Australia’s major tertiary institutions offer specialised education and research in critical minerals, including the University of Adelaide’s Critical Minerals Research Centre and Institute for Mineral and Energy Resources, and the University of South Australia’s Mineral Exploration Cooperative Research Centre.
Incentives, grants and support
Businesses involved in the critical minerals sector and supporting industries are encouraged to bring their ideas and expertise to South Australia. Funding support is available in the following ways.
- The South Australian Government’s Accelerated Discovery Initiative provides A$10 million co-funding for exploration activities.
- The Research, Commercialisation and Startup Fund offer grants for new projects
- The Jobs and Economic Growth Fund provides A$200 million to target initiatives and projects across the state’s 9 priority sectors.
- Support is available through the South Australian Landing Pad to established businesses, startups and scaleups wanting to establish themselves in South Australia.
- The Regional Growth Fund provides A$160 million for eligible projects that drive growth in South Australia’s regional areas.
- Export related assistance and grant programs are available through the Department for Trade and Investment.
Venture capital for early-stage companies is available through the South Australian Venture Capital Fund.