Saturday, August 20, 2022

Cicada Innovations signs deal with Indian space tech incubator

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The Sydney-based National Space Industry Hub at deep tech incubator Cicada Innovations has partnered with one of India’s largest aerospace and space tech incubators,, to support space entrepreneurs in both countries with their global and wider ambitions.

The Bangalore-based fellow deep tech incubator is India’s first public-private partnership to foster innovation and entrepreneurship in aerospace, aerospace and space technology.

Both Cicada Innovations and will provide reciprocal access to physical space, facilities and infrastructure, communities, programs, mentoring, commercialization training, coaching programs, and the local space community and network.

The Australian government recently tipped $25 million to help companies and researchers looking to capitalize on India’s burgeoning aerospace industry and there is an additional $9.5 million on the table in the Australia-India Innovation and Technology Challenge.

Cicada Innovations CEO Sally-Ann Williams said the deal also contributes to: recent discussions between the Australian Space Agency and the Indian Space Research Organization to establish ground stations in Australia to monitor India’s navigation satellites.

“We know it takes a collaboration between innovators, investors, industry and policy to bring deep tech and aerospace companies to life,” she said.

“Given the nascent stage of the commercial space sector, space companies need to develop strong international relationships – and this is a good example to support that. It also creates a unique opportunity to leverage the skills and capabilities of both countries to mutual benefit from our emerging space economies.”

NSW Science, Innovation and Technology Minister Alister Henskens said: “This partnership will give NSW access to one of the fastest growing space ecosystems in the world, while building skills, sharing resources and collaborating on advanced space technologies. is encouraged.”

Australia’s ties to the Indian sector include a delegation led by Australian space agency chief Enrico Palermo, head of the Bengaluru Space Expo 2022 early September.

The Australian Department of Foreign Affairs and Trade (DFAT) is also supporting the participation of Australian space delegates at the Expo, in addition to facilitating a visiting program in Bangalore to facilitate connections with Government of India, industry and institutions seeking collaborative R&D -involvement .

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