SA committed to develop space industry

(Credit: CSIRO)

(Credit: CSIRO)

South Australia has issued a global call for accelerators and incubators to run and deliver services to support space start-ups and early stage businesses grow jobs and develop new technology.

The successful organisation(s) would be responsible for managing the recently announced Space Incubator and/or Space Accelerator grants programs. The programs will provide up to $900,000 annually over the next four years to support the development of the space industry in South Australia.

Defence and Space Industries Minister Martin Hamilton-Smith said the programs, delivered under the $4 million Space Innovation Fund, represent a four-year commitment from the South Australian Government to foster space industry development.

Defence and Space Industries Minister Martin Hamilton-Smith said, “We’ve shown how serious we are about creating a thriving space ecosystem in South Australia through the creation of the South Australian Space Industry Centre and Space Innovation Complex.

This is a unique opportunity for a suitably qualified organisation to play a key role in developing start-ups and early stage businesses and turning them into high growth commercial ventures.

The space industry is a key part of our high tech future and by fostering innovation through the Space Innovation Fund we will attract global investment opportunities and increase our share of the $420 billion industry.”

The Space Incubator Program will support entrepreneurs and technical founders looking to turn their ideas into reality, while the Space Accelerator Program would be open to early stage, space technology start-ups seeking to rapidly grow their business and attract investment.