Australian tech companies have been given a boost in an effort to capitalise on the growing civil space exploration market.
Four space companies will share in nearly $14 million in funding from the federal government, designed to put Aussie manufacturers on the map globally.
Industry Minister Christian Porter said the funding would go towards the development of an array of space-related technologies, ranging from satellites and components in sensors, to rocket engines.
“These grants will help bolster Australia’s reputation in the growing global civil space industry and build on the important work being led by our Australian Space Agency,” Mr Porter said.
Rocket engine designer EffusionTech was among the winners after it was allocated $1.2 million to develop and manufacture low-cost, durable and high-performance liquid-fuelled rocket engines for the growing commercial launch market.