Insider Brief:
- A new initiative by the University of South Australia (UniSA) has launched with the first cohort of six early-stage space companies.
- The program targets CEOs, managing directors, and business owners seeking to expand their space enterprises.
- The first cohort includes AICRAFT, ESpy Ocean, HEX20, Orbital Blue, ResearchSat, and Robinson Aerospace Systems.
A new initiative by the University of South Australia (UniSA) is launching six early-stage space companies on a six-month growth journey. The first cohort, consisting of AICRAFT, ESpy Ocean, HEX20, Orbital Blue, ResearchSat, and Robinson Aerospace Systems, marks the beginning of UniSA’s Growth Ramp space pathway program.
Developed by UniSA’s Australian Centre for Business Growth (AUCBG) in partnership with the Innovation & Collaboration Centre (ICC), this program aims to support space companies in sustainably scaling their operations. Supported by the South Australian Space Industry Centre (SASIC) and funded by the state government, the program targets CEOs, managing directors, and business owners seeking to expand their space enterprises.
According to Professor Ryan Williams, Director of AUCBG, small space firms often face challenges transitioning into fully-fledged, sustainable businesses. He emphasizes the innovative nature of the Growth Ramp space pathway, providing space companies with essential skills and knowledge for growth and scalability.
“The program creates a powerful peer learning experience,” Professor Williams notes. “Participants will share their growth journeys, forming a lifelong network.”
Minister for Defence and Space Industries Stephen Mullighan expresses optimism about the program’s potential, highlighting the quality of local space companies joining the initiative. He emphasizes the significant opportunities for South Australian startups in the space industry.
“There is a huge opportunity for SA startup companies in the space industry,” Minister Mullighan says. “This program gives them a boost towards growing their business substantially in the future.”
The Growth Ramp space pathway program offers fully funded places to space startups, including those completing the ICC’s Venture Catalyst Space Program. This initiative aims to foster a robust and thriving space sector in South Australia, driving economic growth and innovation in the region.
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