Federal Government backs space industry with $11 million in grants
18 June 2020, Written by Business News Australia
Developers of nano-satellites, space suits and virtual reality training simulators are among the recipients of $11 million in Federal Government grants targeted at the Australian space sector.
The Federal Government has unveiled the 10 recipients of an $11 million grant program intended to create jobs and improve skills in the space space.
Minister for Industry, Science and Technology Karen Andrews says the space industry is a key component of the country's COVID-19 pandemic economic recovery.
"The space industry is a key growth sector that will form an important part of our economic recovery and help us emerge from the COVID-19 crisis stronger than ever," Minister Andrews said.
"Investment in the space sector not only supports the creation of high tech jobs here in Australia, but also develops technologies that can support other areas of competitive advantage for our nation including agriculture and mining.
"This support will strengthen Australian business and university connections with international industry and space agencies, helping our businesses to prove themselves on the global stage and potentially secure more work in the future."
Head of the Australian Space Agency Dr Megan Clark AC says the projects demonstrate Australia's ability to develop highly advanced technology, diversify our economy and build workforce skills to participate internationally.
"These outstanding projects demonstrate the breadth and quality that our small and medium-sized companies and researchers have to offer, from space suits to advanced chip manufacturing," says Dr Clark.
"These projects will demonstrate that Australia is not content to just catch up with other nations but can be a leader in space innovation on the world stage. We are proud to support Australia's emerging space sector and do our part in helping Australia recover from COVID-19."
The recipients of the $11 million in Federal grants include:
Business News Australia
Author: Business News Australia