Space startups can get $ 10 million for takeoff
Australian space industry start-ups can apply for up to $ 10 million in grants to help them launch their technology.
A total of $ 41 million for “mission grants” of between $ 750,000 and $ 10 million is proposed, the federal government said.
“We don’t want big Australian ideas or technologies to stay put because of a lack of support,” Australian Space Agency director Enrico Palermo said on Tuesday.
The goal is to triple the size of the sector to $ 12 billion and create up to 20,000 jobs by 2030, as new technologies are expected to spur innovation in many industries, including mining, agriculture and manufacturing.
Science and Technology Minister Melissa Price said the grants would help more Australian space companies compete internationally and participate in future space missions to the Moon and beyond.
âThe more we can help launch Australian technology into space, the more the global space community stands up and pays attention to our companies and researchers,â she said.
Earlier this year, some 20 projects were awarded up to $ 200,000 each for feasibility studies.
For the current second round, newcomers can also apply but will need a feasibility study to substantiate their application.
Companies will also have to contribute at least 25 percent of the costs of the mission.
The guidelines released on Tuesday are intended to help companies prepare their applications for the funding round expected to begin in the first quarter of 2022.