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Space tech incubator awards funding to Australian start-ups

Space tech incubator awards funding to Australian start-ups

Quantum Technology Exchange has awarded $750,000 in funding to 30 Australian start-ups as part of its space and technology incubator program.

The incubator program is aimed primarily at start-ups and small-to-medium companies developing technologies and services for remote operations.

Each of the 30 companies received a $25,000 grant to assist them with scaling their businesses and fostering further development and innovation.

As part of the program, QauntumTX provides the participants with access to test sites, specialist advice and expertise from industry figures, international workshops and technical mentoring.

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The main areas of development targeted by the program are robotics, satellite communications, simulation development, digital systems, artificial intelligence and interoperability.

Companies participating in the program will gain access to 50 experts in the space, defence, resources and technology sectors.

This is the fourth year the program has run, with QauntumTX providing over $3 million in funding through its program since its inception in 2018.

The program also provides members with the opportunity to meet potential investors and collaborators. Partnering with the program this year is Fugro, who are granting participants to their newly built Space Automation, Artificial Intelligence and Robotics Control Complex.

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Other partners include the International Space Centre at the University of Western Australia, the Roy Hill Remote Systems Automatic Centre, and the Woodside Energy Robotics Laboratory.

The founder of QuantumTX, adjunct professor Peter Rossdeutscher, spoke about the program’s broad scope.

“The QuantumTX incubator program facilitates cross-cutting technologies from mining, energy and defence, into the space and advanced manufacturing sectors.

“The circular nature of these opportunities creates advantages, compounding returns and new jobs in all industries,” Rossdeutscher said.

The QuantumTX program is supported by AROSE, a remote operations consortium, as well as Atomic Sky, an innovation consultancy firm. The majority of the program’s funding however is provided by the Australian government’s Department of Industry, Science, and Resources through the Incubator Support initiative.

AROSE CEO Leanne Cunnold commented on the opportunities that the program is fostering.

“Australia is at the cutting edge of robotics technology and systems for remote operations,” Cunnold said.

“This capability is central to setting up a sustainable presence on the moon, and eventually supporting human exploration of Mars.”

Liam McAneny

Liam McAneny

Liam McAneny is a journalist who has written and edited for his University International Relations journal. He graduated with a Bachelor of Arts (International Relations) and Bachelor of Laws from the University of Wollongong in 2021. He joined Momentum Media in 2022 and currently writes for SpaceConnect and Australian Aviation. Liam has a keen interest in geopolitics and international relations as well as astronomy.


Send Liam an email at: [email protected]

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