NT Government to become a strategic overseas partner to space technology focused building program Project Cyclotron
A NEW industry agreement will launch the Territory’s space industry to new heights.
Northern Territory
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A NEW agreement between the NT and Singapore will launch the Territory’s space industry to new heights.
This week the NT Government and Darwin Innovation Hub signed a memorandum of understanding with Cap Vista a subsidiary of Singapore’s Defence Science and Technology Agency, and Singapore Space & Technology (SSTL).
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It will allow the NT Government to become a strategic overseas partner to Project Cyclotron, a space technology focused building program which helps build regional space and deep tech companies.
Opportunities for collaboration include the launch of Singapore-built rockets, the Northern Territory’s Arnhem Space Centre and co-investment in innovative space and companies that add value to the Territory’s space industry.
SSTL chief executive Lynette Tan said it was valuable partnership that would lead to innovative developments.
“This collaboration with the Northern Territory Government and Darwin Innovation Hub is valuable for our start-ups, who would benefit from connections to the Australian space industry and physical sites to test their technologies,” she said.
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Deputy Chief Minister Nicole Manison said the agreement was a win for the private sector.
“To grow our economy, we need to diversify our economy with new industries, new investments and new jobs – and we are perfectly positioned to benefit from the space economy and the jobs it will bring,” she said.
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