Australia aims at 2.2% share of global g-tech market

Australia aims at 2.2% share of global g-tech market

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Image from www.nasa.govAustralia: Australia has announced the new Space and Spatial Innovation Partnership to create opportunities for geospatial companies in Australia. Minister Assisting for Innovation and Industry – Kate Lundy last week announced this partnership under the Australian Government’s Industry Innovation Partnerships Program.

“The Partnership aims to help Australia carve out a 2.2 per cent share of the global space and spatial technologies market – growing revenue by up to $12.5 billion annually by 2023 – and creating more than 10,000 new jobs in the sector,” said Lundy.

The Partnership will receive government funding of up to $6 million to 2016-17 to be matched in cash or in-kind by core partners. It will also have access to further project funding of up to $10 million per year through the Industry Collaboration Fund for innovative projects with commercial potential.

The Cooperative Research Center for Spatial Information (CRCSI) through its SME consortium “43pl”; EOS Space Systems and the Australian National University will be the core partners in this programme.The venture will be headquartered in Canberra and it will have nodal centres across Australia.

“The Partnership will create opportunities for innovative geospatial companies to drive further growth in their businesses,’’ said Graeme Kernich, CRCSI Acting CEO. The partnership will help in building links between industry, government, defence, research and education.

Source: katelundy.com.au & nic.org.au