Science Minister Tim Ayres has launched a new organisation that will drive space-based projects including a fleet of sovereign satellites that will monitor illegal fishing and maritime threats in the Indo-Pacific.
The Australasian Space Innovation Institute is a privately funded not-for-profit aimed at commercialising research into space-based technology. The institute will take over the government-backed SmartSat CRC, a consortium of research and industry that will see its funding end in 2026.
The organisation’s initial programs include an AI-powered “digital twin” of Australia’s agricultural landscape using satellites and climate data, a “formation flying” satellite system for monitoring maritime security, and a globally connected disaster management system.
Federal Industry and Science Minister Tim Ayres delivers an address during the unveiling of a new national space innovation industry organisation in Sydney. Credit: AAP
“There are 10,000 people now employed in the space sector in Australia, and startups scaling up $1.1 billion in turnover. This is no small thing,” Ayres said.
“The Australian space sector has no small significance in strategic terms, in industrial terms, in science and research terms, and in national interest terms.
“I look forward very much as the new Minister for Science and for Industry, working to deliver on these important national interest objectives.”
The announcement was made at the International Astronautical Congress, a meeting of nearly 8000 astronauts, scientists and space-tech businesses in Sydney.
According to the head of the Australian Space Agency, the space sector contributes about $4.6 billion to the economy, with a goal of reaching $10-12 billion by 2030.