Australia’s new Adelaide-based space agency welcomes investment
14 Dec 2018
The Australian Space Agency will be located in Adelaide by mid-2019 and is set to employ 20 full-time equivalent staff members.
The Australian Government’s A$41 million investment in the Agency will act as a launching pad to triple Australia’s space economy to A$12 billion and create up to 20,000 jobs by 2030.
Minister for Industry, Science and Technology Karen Andrews says Adelaide was selected to host the Agency after putting forward the strongest case.
‘South Australia is already home to more than 60 organisations and 800 employees in the space sector and this decision builds on the very strong technology and defence presence in the state,’ says Minister Andrews.
‘We are committed to growing Australia’s space sector, and our government is also investing A$260 million to develop world-leading satellite capabilities, and to significantly increase GPS accuracy in our cities and regional areas.’
The global space industry is worth US$345 billion each year, of which Australia’s space sector brings in just 0.8%. With new entrants and advanced technology disrupting the space industry, there are significant opportunities to invest in the sector in Australia.
Daniel O’Toole, Austrade’s Space Industry Adviser and current secondee to the Australian Space Agency, says the country’s geography is highly suited to the growing space sector.
‘Australia covers a third of the world’s rotation and has multiple potential launch locations – including for highly valued equatorial orbits – and open air space,’ he says.
‘In addition, we offer world-class research infrastructure, a strong but flexible regulatory regime including IP protection, tax incentives and a supportive business culture for undertaking research and development.’
Visit the Australian Space Agency website for information on industry partnerships, cooperative research centres and grant funding.