Space Technology Seed Fund

Space Technology Seed Fund

What is the Space Technology Seed Fund?

The Space Technology Seed Fund is a program to support for eligible Tasmanian businesses that seek to extend, adapt or develop new products or services for the space economy.

 

Background

The $500 000 Tasmanian Space Technology Seed Fund supports Tasmanian businesses to explore and enter the global space economy. The program aims to grow Tasmania’s space sector, drive innovation, strengthen industry collaboration, increase investment, and create new skilled jobs.

 

Funding

The Space Technology Seed Fund  will provide grants of between $25 000 to $100 000 to eligible businesses to support research and development projects that seek to extend, adapt or develop new products or services for the space economy.

 

Eligible Projects

The Space Technology Seed Fund will support projects that are focused on research and development activities that seek to conceptualise, validate, prototype, test or demonstrate a product or service for the space economy.

Eligible expenditure includes costs directly related to the proposed project, including but not limited to:

  • labour expenses.
  • equipment, devices, data, software.
  • service provider fees, such as professional services, engineering, market research, technology consulting, data and computing services.
  • relevant administrative and marketing costs.

Ineligible expenditure includes costs that are not directly related to the project, including:

  • general operational business costs.
  • basic office supplies and equipment.
  • GST payments.
  • retrospective payments or expenditure.

 

Eligible Applicants

Applicants must:

  • be a company currently registered with the Australian Securities and Investment Commission.
  • be a company with a registered office and principal place of business address in Tasmania.
  • have an Australian Business Number (ABN) and be registered for the Goods and Services Tax (GST).
  • employ between 2 and 200 full time equivalent (FTE) staff.
  • in the case of a joint or consortium application, nominate a principal applicant with written evidence of the support and degree of project involvement of all parties involved.

A project proposal submitted under this program must:

  • align with the purpose and objectives of the program.
  • be focused on research and development activities.
  • demonstrate an ability to implement the proposed project within 18 months.
  • demonstrate an ability to contribute, from any source, at least 50 per cent of the proposed project’s costs.

 

Timing

Applications for Round 1 close 31 May 2022

 

More Information

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