UniSA launches new scaleup pathway for space startups
The University of South Australia’s Innovation & Collaboration Centre (ICC) and Australian Centre for Business Growth (AuCBG) have joined forces to offer space startups a fully funded scaleup pathway on top of a $10,000 equity-free acceleration stipend. Supported through South Australian Government funding, companies that graduate from the ICC’s six-month Venture Catalyst Space accelerator program and other space companies ready to scale, are now eligible to apply for the AuCBG’s six-month Growth Ramp scaleup program to take their business to the next level. South Australian Deputy Premier and Minister for Defence and Space Industries Susan Close says the new space scaleup offering amplifies commercial viability for companies and their technology once exiting the Venture Catalyst Space accelerator program. “Space startups are shaping the future space economy and bringing incredible new technologies to life,” says Close. “Through the Venture Catalyst Space program, South Australia is ensuring that we have a mechanism to harness emerging talent with these innovative companies revolutionising the way we use space, while fostering a culture of collaboration across the space ecosystem. “Now with the addition of access to UniSA’s Growth Ramp program, we will be able to support businesses to scale up their operations; a key activity as our space ecosystem matures.” Since 2018, Venture Catalyst Space has supported 36 space startups. Program alumni have collectively raised more than $31 million in declared additional investment and gone on to create more than 220 new space jobs. The tailored program is one of a handful worldwide that specialises in developing commercial space ventures, supporting participants via equity-free funding, industry mentorship, business development support, access to university resources and a bustling startup community. The new space scaleup pathway is a game changer, explains ICC Deputy Director Craig Jones, creating even greater scope for space companies to achieve sustainable, long-term […]