February 24, 2024

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Propelling South Australia’s Space Start-ups

The collaboration between the University of South Australia’s Innovation & Collaboration Centre (ICC) and the Australian Centre for Business Growth (AuCBG) represents a significant boon for tech startups in the space industry. With generous support from the South Australian Government, these institutions are offering space startups a fully funded scaleup pathway alongside an AU$ 10,000 equity-free acceleration stipend. This initiative aims to propel the commercial viability of emerging companies within the space sector, fostering innovation and collaboration.

Under the guidance of South Australian Deputy Premier and Minister for Defence and Space Industries Susan Close, the new space scaleup offering signifies a strategic investment in the future of the space economy. Through programmes like the ICC’s six-month Venture Catalyst Space accelerator and the AuCBG’s six-month Growth Ramp scaleup programme, companies in the space sector have a unique opportunity to take their businesses to the next level.

Since its inception in 2018, the Venture Catalyst Space programme has nurtured 36 space startups, collectively raising over AU$ 31 million in additional investment and creating more than 220 new space jobs. This programme stands out globally for its tailored approach to developing commercial space ventures, offering equity-free funding, industry mentorship, business development support, access to university resources, and a vibrant startup community.

The addition of the Growth Ramp programme to the space scaleup pathway marks a significant milestone. Craig Jones, Deputy Director of ICC, emphasised the importance of timely and tailored support for emerging businesses in Australia’s burgeoning space industry. This unique offering provides a clear pathway for space ventures to evolve into scalable and thriving businesses, driving sustained growth in the space ecosystem.

Driven by a strong appetite for expansion and investment, the pathway from Venture Catalyst Space to Growth Ramp underscores the growing momentum of the space industry in South Australia. Growth Ramp targets companies with five to 11 employees, offering support to refine product/market fit, identify optimal customer bases, develop growth strategies, and build executive teams.

Ryan Williams, Director of AuCBG, highlights Adelaide’s readiness for success in the realm of business ventures. He stressed the transformative journey of entrepreneurship, noting that scaling a company requires a heightened focus on planning, organisational design, financing growth, talent management, and marketing strategies. Williams expresses excitement about working with CEOs through Growth Ramp, envisioning a future where great space companies thrive and contribute to South Australia’s economic prosperity.

For participants like AICRAFT, currently enrolled in the Venture Catalyst Space programme, the opportunity to join a scaleup programme could significantly enhance their investment potential. CEO Tony Scoleri views the scaleup journey as integral to company growth, recognising the value of expert mentorship in navigating the complexities of scaling operations. With access to guidance and support, startups can build awareness, mitigate risks, and strategically position themselves for sustained growth and investment.

The launch of applications for the 2024 Venture Catalyst Space programme signifies a new chapter in South Australia’s space innovation landscape. Tech startups in the space sector are invited to seize this opportunity for growth and collaboration, leveraging the resources and expertise offered by ICC and AuCBG to propel their ventures to new heights.

The collaborative efforts of ICC and AuCBG, supported by the South Australian Government, represent a transformative initiative for tech startups in the space industry. By offering a fully funded scaleup pathway and equity-free acceleration stipend, these programmes aim to fuel innovation, foster collaboration, and drive sustainable growth in South Australia’s burgeoning space ecosystem.

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.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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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.

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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. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help 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 3,000 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.

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