Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Australia-India Collaborative Space Tech Initiative

Getting your Trinity Audio player ready...

Australia and India are collaborating on innovative space projects, bolstered by a newly launched grant programme aimed at strengthening space industry partnerships between the two nations. The Australian Assistant Minister for Foreign Affairs announced a total of AU$18 million under the International Space Investment India Projects programme, which supports three space technology companies. This announcement took place at an event hosted by the University of Technology Sydney (UTS) Tech Lab.

Image Credits: University of Technology Sydney (UTS) Tech Lab, Press Release

The UTS Tech Lab, a multidisciplinary research facility, supports industry-led partnerships to drive innovation in engineering and IT. One of its industry partners, Space Machines, received funding under the new programme.

The Assistant Minister emphasised the rapid development of the commercial space sectors in both Australia and India, supported by complementary skill sets and investments. He noted that both countries share a vision of a peaceful, stable, and prosperous Indo-Pacific, making them ideal partners in space-related endeavours. The Minister highlighted that the grants and funded activities reflect and extend the depth of the Australia-India relationship and their commitment to advancing scientific knowledge and addressing future challenges.

The UTS Deputy Vice-Chancellor of Enterprise expressed pride in supporting the launch of the federally funded grant programme aimed at fostering collaboration between Australia and India in space exploration. He noted that UTS is working closely with Space Machines Company to solve research problems and provide work-integrated learning experiences for students and graduate opportunities. Currently, more than 20% of Space Machines Company employees are UTS graduates. He stated that the company is on the verge of achieving a significant step change in the Australian space industry and that the announcement marks an important milestone in Australia-India space engagement.

India’s High Commissioner to Australia attended the event which was led by the Australian India Institute in collaboration with the Australian Space Agency.

Space Machines Company was awarded more than AU$8.5 million for the Space MAITRI (Mission for Australia-India’s Technology, Research, and Innovation) project. This project aims to demonstrate advanced concepts such as on-orbit transportation and space debris mitigation. Space MAITRI will feature an Australian-built Orbital Servicing Vehicle, which will be launched into space on a dedicated Indian launcher.

Space Machines tested and qualified their existing spacecraft using specialised equipment at Tech Lab, including the multi-axial simulation table (MAST), to ensure it could withstand extreme forces and vibrations during launch. The project includes several Australian and Indian partners, fostering valuable commercial links with the Indian Space Research Organisation and the growing Indian space sector.

In 2022, the global aerospace and defence market was valued at approximately USD 750 billion. Projections indicate that the market will grow to around USD 1388 billion by 2030, reflecting a compound annual growth rate (CAGR) of roughly 8.2% from 2023 to 2030.

Research analysts project the global aerospace and defence market to grow annually at a CAGR of approximately 8.2% over the forecast period (2023-2030). The market size, valued at around US$750 billion in 2022, is expected to reach about US$1388 billion by 2030. Increased investment in the sector is anticipated to drive revenue growth.

The defence segment is expected to hold a significant market share throughout the forecast period. Additionally, the autonomous segment is predicted to grow at the fastest rate based on operations, while the weapon system segment is likely to capture a substantial market share based on components. North America is expected to dominate the market during the forecast period.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com