Monday, 02 September 2019 11:15

Startups to take part in South Australia’s second Venture Catalyst Space program Featured

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Startups to take part in South Australia’s second Venture Catalyst Space program Image Sira Anamwong, FreeDigitalPhotos.net

Five startups will take part in the University of South Australia’s second Venture Catalyst Space program supported by the South Australian Government’s Space Innovation Fund through its Innovation & Collaboration Centre (ICC).

The ICC’s tailored six-month incubator program aims to develop and grow the innovative ideas of selected space companies.

The five space startups have been chosen to participate in the ICC’s tailored six-month program with each receiving funding, access to training and workshops, one-on-one mentorship, a modern co-working space and cutting-edge technical resources and tools.

The companies taking part in the program are India’s Astrogate Labs and Canada’s Lux Aerobot and Adelaide’s FireFlight, Nano Spaces and Lookinglass.

The companies will work with global industry expert advisors, including ICC Entrepreneurs in Residence Kirk Drage (along with his company LeapSheep), Terry Gold, and former NASA astronaut and current Director of Space Technology and Policy of Nova Systems, Pam Melroy.

UniSA ICC Associate Director Jasmine Vreugdenburg says the program is pivotal to helping future leaders in the space industry develop and grow.

“The program will deliver high calibre support to the five selected companies, focusing on enhancing their global competitiveness and rapidly accelerating exceptional ideas or projects on the world stage.

“We’re thrilled with the response from all applicants and very pleased that they have chosen to call Adelaide home during their stint with the program.”

South Australian Premier Steven Marshall says the program provides an excellent platform to grow the local space ecosystem by building a culture of entrepreneurship and supporting start-ups to scale-up successfully.

“It’s exciting to see the next cohort of early-stage start-ups chosen for this program, which has proven success in supporting entrepreneurs to transform their cutting-edge ideas into sustainable businesses in our state.”

“We are committed to building a culture of entrepreneurship in South Australia, and this program supports our state’s objectives to capture the opportunities of space to grow our economy and create high-value jobs.”

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