# Health Industries South Australia

Health Industries South Australia is a Private Equity based in Adelaide, Australia.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Adelaide, Australia
- **Region:** Oceania
- **Address:** Adelaide, SA, Australia
- **Assets under management:** Undisclosed
- **Website:** dti.sa.gov.au
- **LinkedIn:** https://www.linkedin.com/company/health-industries-south-australia

## Regulatory record

- **Reports private funds:** No

## About

Helping attract investment and grow exports in South Australia

## Sectors

- Digital Health
- Healthcare Services
- MedTech

## Questions

### Who runs investment decisions at Health Industries South Australia?

Investment decisions are made through the Department for Trade and Investment, with sector-specific evaluations conducted by Health Industries South Australia's team. The unit operates under the authority of South Australia's Minister for Trade and Investment, with recommendations flowing through the department's executive leadership. Day-to-day deal origination and diligence is handled by the health-industries team, which reports to the department's investment-attraction division.

### Is Health Industries South Australia structured as a venture firm or a government grant program?

It operates as a hybrid: a state-government sector-development agency that deploys capital through venture-style, milestone-based co-investments — not grants. The vehicle takes equity or convertible notes alongside private co-investors, but its mandate is driven by economic-development outcomes (jobs, sovereign capability, IP retention) rather than pure financial returns. It sits within a government trade department, not a for-profit fund manager.

### Does Health Industries South Australia participate in fund commitments or only direct deals?

The unit primarily executes direct co-investments in early-stage companies. The South Australian government also operates separate fund-commitment vehicles — including the South Australian Venture Capital Fund — which allocate to external fund managers. Health Industries South Australia focuses on direct company-level investments within the health and medtech sectors, sourcing from Adelaide BioMed City and the state's university pipeline.

### Which sectors does the unit explicitly avoid?

Health Industries South Australia does not invest in pure pharmaceutical development, hospital operations, aged-care services, or health-insurance businesses. Its mandate covers MedTech, diagnostics, digital health, and health-services innovation — excluding sectors that fall under South Australia's separate biotech-funding streams or the state's direct infrastructure-operations budget.

## Related profiles

- [Healthier Capital](https://altss.com/profile/healthier-capital)
- [Health Innovation Pitch](https://altss.com/profile/health-innovation-pitch)

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Last updated: 2026-06-03T20:00:00.000Z

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