Major progress on NSW Government’s Knowledge Hubs initiative

8 May 2015

Alex Scandurra CEO Stone & Chalk

Industry-led Knowledge Hubs, a part of a NSW Government initiative to drive economic growth – are beginning to take important steps to improve collaboration and knowledge sharing.

Medical Technology Knowledge Hubs

The Medical Technology Knowledge Hub was launched by Deputy Premier Troy Grant and Health Minister Jillian Skinner on 9 March 2015. 

The Hub aims to establish a collaborative network between academia, industry and government to improve the business environment for all facets of the medical technology industry.

This is the fourth Knowledge Hub to be launched, following the launch of the Financial Services Knowledge Hub in March 2015 and the Digital Creative Knowledge Hub in November 2014. The Transport and Logistics hub is expected to be launched in mid 2015.

Additionally, the NSW Government has provided $1.7 million in funding over two years to support a range of projects by the hubs. One of these projects is a financial technology (fintech) hub, called Stone & Chalk

Stone & Chalk appoints new CEO

Stone & Chalk is an independent, not-for-profit entity created to help foster and accelerate the development of world-class Australian fintech start-ups .

Since being first announced in March, Stone & Chalk has received an overwhelming response from a wide range of startups across the fintech sector — peer-to-peer lending, crowd-funding, investment advice, payments, insurance, and capital markets seeking access to the hub. The hub's physical space in Clarence St is expected to open in the coming months.

Stone & Chalk has attracted more than $2 million in industry support and appointed a chief executive officer - Alex Scandurra, the former Head of Strategic Partnerships and Barclays Accelerator Program at Barclays Bank PLC in London. 

The financial services industry employs about 177,000 people and produces five per cent of Australia's overall gross domestic product. Sydney has the potential to become a key fintech leader within the Asia Pacific region and a key exporter of financial services.

Get involved with the new Hub

The Financial Services Knowledge Hub is coordinated by the Committee for Sydney. If you are interested in learning more and getting involved then visit the Committee for Sydney's Financial Services Knowledge Hub webpage.

Or contact Sophie Newsome, The Committee for Sydney