South Australian space sector firms, start-ups and entrepreneurs are encouraged to register interest in a new development fund to take their innovative ideas to the next level.
The fund will support the emerging space industry by providing funding of up $1 million a year to grow jobs and build South Australia’s space ecosystem. The Fund is the first step in establishing a new Space Innovation Hub in South Australia.
The fund will award $1 million a year, for four years, to support training scholarships, incubation services and a business accelerator program.
- Space skills training scholarships
Young entrepreneurs, including university graduates and engineers, will be given the opportunity to take their innovative concept to the next level. Up to five space skills training scholarships will be offered, with a maximum $20,000 for each scholarship per annum.
- Space incubation services
Support for entrepreneurs including business advice, market research, networking and business plan preparation to convert ideas into early stage businesses.
- Space Accelerator Program
Support for early stage space-tech companies to rapidly develop their technology, build channels to market and pitch for investment by tapping into a global network of mentors, investors, and corporate partners, giving them access to some of the most advanced technologies and research.
Applications will open in October 2017. For information, visit the South Australian Space Industry Centre.