South Australia unveils $1m investment program to attract global high-growth firms
South Australia launches $1 million annual Investment Accelerator Program to attract high-growth international and interstate companies and boost local jobs in key future-focused sectors.
By Ro Elvinia
The program has been launched by the South Australian Government. According to Minister for Industry, Innovation and Science Joe Szakacs, the program is designed to attract more companies in high-value industries that can contribute to the state’s long-term economic growth.
“The Investment Accelerator Program will provide South Australia the opportunity to attract more companies nationally and from overseas from key priority areas designed to grow our state’s economy,” said Minister Szakacs. “By targeting our focus markets, we will attract more investment into our state and create more jobs for South Australians.”
Announced as part of the 2024–2025 State Budget, the initiative targets priority sectors such as health and medical, defence and space, energy and mining, green industries, food and wine, agribusiness, creative industries, and critical technologies.
Under the program, eligible businesses can receive up to $100,000 in funding to support their establishment in South Australia, including assistance with office accommodation and key professional services such as accounting, tax, marketing, and migration advice.
The program will be administered by Invest SA, which will target businesses that are already operational and revenue-generating for at least 12 months but do not yet have a physical presence in South Australia.
This initiative builds on the success of Invest SA, which was reinstated under the Malinauskas Labor Government and has already attracted over $2 billion in investments within two years. South Australia recently topped the CommSec State of the States economic performance rankings, underscoring its momentum in attracting national and international investment.
Businesses interested in applying can visit the Invest SA website. Sector specialists are available to offer tailored guidance, assist with eligibility assessments, and support applicants through each step of the documentation and application process.
Published: 31st July 2025 | Last updated: 31st July 2025
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