State Budget: Technology Park businesses to benefit from ultra-fast internet

The network will make Adelaide the first Gig City in Australia and the capital of ultra-fast internet for business, attracting investment from high tech global companies, as well as creating jobs in future industries.The network will provide affordable one gigabit connections, with speeds of up to ten gigabits per second available if businesses invest in additional end-user technology.Gig City will use the existing SABRENet optical fibre network, and will be rolled out at Tonsley, Technology Park, Techport, Thebarton BioScience Precinct, St Paul’s Creative Centre, the Majoran Co-working Space, Hub Adelaide, and the Stretton Centre.According to Premier Jay Weatherill “Having access to ultra-fast internet will drive significant economic development and job creation opportunities, and will embed South Australia as a leading centre for innovation and entrepreneurship.”

It is expected roll out of the Gig City network will begin by the end of 2016.

The SABRENet network is owned by the State Government and South Australia’s universities and uses an optical fibre telecommunications network connecting the state’s research and educational sites.

Gig City is a growing network of one gigabit speed cities, aiming to support entrepreneurship and attract investment from high tech companies.

The city of Chattanooga in the US was the first to roll out the Gig City network – generating more than $1 billion in economic and social benefits, and creating more than 3,000 new jobs.

Technology Park Adelaide

Technology Park is home to over 80 businesses including the likes of Codan, Ellex, Saab Technologies, Tindo Solar, Optus, Topon, Lockheed Martin, Kongsberg Protech Systems, CSC and ThyssenKrupp Marine Systems Australia. Commercial land within Technology Park Adelaide is available for immediate development. Benefits of locating within Technology Park Adelaide include the synergies that are created from the co-location of over 85 companies in defence, electronics and communication sectors. It is close to Mawson Lakes Town Centre, the University of South Australia and public transport.