Calls for global accelerators and incubators to manage $4m space program
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Calls for global accelerators and incubators to manage $4m space program

The South Australian state government has put out a global call for organisations to run and deliver services to support space start-ups and early stage businesses to grow jobs and develop new technology.

The successful accelerators and incubators would be responsible for managing the recently announced Space Incubator and/or Space Accelerator grants programs. The programs will provide up to $900,000 annually over the next four years to support the development of the space industry in South Australia .

The Space Incubator Program will support entrepreneurs and technical founders looking to turn their ideas into reality, while the Space Accelerator Program would be open to early stage, space technology start-ups seeking to rapidly grow their business and attract investment.

Defence and Space Industries Minister Martin Hamilton-Smith said the programs, delivered under the $4 million Space Innovation Fund, represent a four-year commitment from the South Australian government to foster space industry development.

"We’ve shown how serious we are about creating a thriving space ecosystem in South Australia through the creation of the South Australian Space Industry Centre and Space Innovation Complex," the minister said.

"This is a unique opportunity for a suitably qualified organisation to play a key role in developing startups and early stage businesses and turning them into high growth commercial ventures.

"The space industry is a key part of our high tech future and by fostering innovation through the Space Innovation Fund we will attract global investment opportunities and increase our share of the $420 billion industry."

The government is looking for applications from organisations with the following attributes:

  • demonstrated experience and track record running business incubation and/or accelerator programs for high-growth, technology-enabled businesses, either nationally or internationally;
  • extensive networks of experienced, expert mentors that will be engaged in the delivery of the Space Incubator and/or Accelerator Programs. Networks and mentors with specific space industry experience and expertise will be highly regarded;
  • expertise in strategy and business plan development, national and international market analysis and corporate structuring and finance;
  • connections with investors and corporate partners relevant to the space industry;
  • commitment to establishing an enduring local presence in South Australia beyond the term of the Space Innovation Fund, including the forging of partnerships with local universities and business development organisations.

Applications to run one or both programs close on 10 November 2017.

More information can be found here.

 

Calls for global accelerators and incubators to manage $4m space program
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