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Space and technology startup Myriota is the first Australian company to sign with the Australian Space Agency (ASA) as a strategic partner.
The Adelaide-based company, residing in the new Lot Fourteen startup precinct, is the first Australian startup to partner with ASA, joining international giants like Boeing who signed an agreement with the Agency in April.
The agreement sees Myriota, a nanosatellite, Internet of Things, and connectivity startup, sign the Statement of Strategic Intent, aimed at expanding Australia's growing space industry.
The statement outlines a number of plans that the Adelaide business has for growth including expanding its current constellation of satellites to 25 by 2022, hosting 10 internships per year, and growing the number of employees from 25 to 50 by 2022.
CEO and co-founder of Myriota Dr Alex Grant (pictured left) has grown the startup into a leader in the IoT and space fields, with the company specialising in telecommunications, knowledge and experience, and satellite communications and operations.
"The establishment of the Australian Space Agency comes at a time when nanosatellites and IoT are helping to solve major issues that have long plagued Australian businesses, such as manual water monitoring in regional Australia," says Grant.
"We've outlined our growth plans which include adding 25 satellites to our constellation and expanding our team to 50 people by 2022 in order to support the delivery of these solutions."
Anthony Murfett (pictured right), deputy head of ASA, says the Agency welcomes Myriota and its experience with nanosatellite technology that is able to solve real-world problems.
"As a startup with unique R&D and IP, Myriota's technological innovation is important not only to support the growth and transformation of our space industry, but is inspiring to the wider Australian community and space entrepreneurs," says Murfett.
Australia aims to grow the space market segment from AU$3.9 billion to AU$12 billion by 2030 and double space industry employment from around 10,000 today to 30,000.
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Business News Australia
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