Space Innovation Fund

Space Innovation Fund

 

The South Australian Space Industry Centre is supporting the state’s emerging space industry by providing funding of up $1 million every year to grow jobs and build South Australia’s space ecosystem through the Space Innovation Fund.

The Fund is responsible for invigorating South Australia’s space innovation ecosystem by supporting promising entrepreneurs, new start-ups and early stage businesses to scale-up and activate their ideas.

 

About the Fund

 

Established in 2018, the Fund provides a total of $4 million over four years to support a range of space programs and initiatives aimed at fostering new ideas and provide a pathway for entrepreneurs to join the local space economy. This includes:

 

Space skills training scholarships

Young entrepreneurs and engineers will be given the opportunity to take their innovative concept to the next level. Up to five space scholarships will be offered, with a maximum $20,000 for each scholarship per year. Applications for the next round of scholarships will open in March 2020.

Space Incubator Program, Venture Catalyst Space 

Venture Catalyst Space is a highly competitive incubator program which supports founders of new start-ups to nurture and grow innovative ideas in the space sector. The Delivered through the University of South Australia's Innovation and Collaboration Centre (ICC), the program includes a series of workshops, mentoring from expert advisors, and a stipend of up to $10,000 per company and the opportunity to pitch for a sponsored overseas tour to United States or Europe to network with relevant space investors and companies. The program is designed as a precursor to the Space Accelerator Program. Applications for the 2020 program are now open. Visit ICC’s website to apply.

To hear what past participants have to say about the Venture Catalyst Space program visit ICC's testimonial page

Please note that due to safety concerns and travel restrictions relating to COVID-19, Venture Catalyst Space will be delivered online for the foreseeable future.

Space Accelerator Program

The Space Accelerator Program will support 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.