New space innovation fund to drive industry growth

Susan Close MP
Deputy Premier
Minister for Defence and Space Industries

A new State Government fund offering grants of up to $100,000 for the development of innovative space capability is being launched today.

The SA Space Collaboration and Innovation Fund will seek applications from South Australian-based start-ups and small businesses in collaboration with at least one international partner organisation, with an emphasis on NewSpace technology.

The first round will support projects that are focussed on proof-of-concept or delivery of space capability and have a clear commercial pathway.

An initiative of the South Australian Space Industry Centre in collaboration with the Defence Innovation Partnership, two grants of up to $100,000 will be available for the first round of the Fund.

An information session will be held on Tuesday 23 April 2024 for interested parties to learn more about the grant application and selection process.

SA Space Collaboration and Innovation Fund applications will open on Monday 15 April 2024 and close on Friday 17 May 2024.

For more info or to register for the info session, visit www.sasic.gov.au/space-fund

Quotes attributable to Susan Close

The SA Space Collaboration and Innovation Fund aims to support the rapid transition of space technology to operational use while growing the South Australian space industry through international collaboration.

International partnerships are a key driver of space technology development. They also support growth in the sector by enabling our local technology increased access to national and international markets.

South Australia is incredibly forward-thinking when it comes to space, and this Fund supports technology development that will drive benefits across the broader economy and allied areas beyond the space sector.