EY Invests $3M in Space Tech Hub with Swinburn University of Technology

EY Invests $3M in Space Tech Hub with Swinburn University of Technology

EY enters the Space Race after a new team in Oceania raises $3 million in funding to focus on Space Tech products and services for customers.

EY Australia has announced the launch of a Space Tech hub with Swinburne University of Technology to lead one of the biggest transformations of our generation.

EY Invests $3M in Space Tech Hub with Swinburn University of Technology

The Space Tech hub came into existence after more than $3 million was awarded from EY’s Global Strategic Innovation Fund.

The hub is entering into a Master Research Services Agreement between EY and Swinburne, granting EY customers access to Swinburne capabilities, including research students, academics, and the OzSTAR supercomputer.

EY partner Anthony Jones will oversee the Space Tech hub, where four EY partners lead 15 support staff comprising scientists, data and analytics, and AI specialists. This dedicated EY team will work on client assignments with access to the full range of research excellence and specialists from the Swinburne University of Technology.

Mr. Jones explains: “The Space Tech hub will solve major business problems by focusing on the downstream side of space activity – leveraging space-derived data and services for terrestrial benefits. We will leverage EY’s capabilities, its own astrophysicists, machine learning engineers, and data scientists. We will collaborate with academics from the Swinburne University of Technology to solve community resilience problems, drive economic decarbonization initiatives and help reduce carbon emissions. The impact of natural disasters on communities.”

The Space Tech hub aims to achieve three distinct outcomes for customers:

IMPROVING COMMUNITY RESILIENCE: Help communities and businesses respond faster and better to the effects of natural disasters and pressures from climate change. IMPROVE PRODUCTIVITY: Improve the security and performance of our customers’ businesses by adopting Space Tech to manage and operate critical infrastructure and assets under challenging conditions. CREATE AN ECOSYSTEM TO RESOLVE PROBLEMS OF NATIONAL IMPORTANCE: Australia is positioned to take on a leading and globally coordinating role in the Southern Hemisphere spaceflight to solve problems related to climate impact, land management, logistics, and defense.

Professor Alan Duffy, director of the Space Technology and Industry Institute at the Swinburne University of Technology, said: “We are excited to combine Swinburne’s leading research, technology, and education capabilities with EY’s deep global connections and end-user insights to deliver sustainably create aerospace Technical solutions to real problems.

“This groundbreaking Space Tech hub is all about taking the knowledge we’ve learned from research in our universe and applying it to the complex problems we face here on Earth.

“By leveraging groundbreaking technology, such as the Swinburne OzSTAR supercomputer, and our access to the next generation of talent, this partnership will put the Australian aerospace industry at the forefront of this global economic, environmental, and social opportunity,” said Professor Duffy.

Anthony Jones said: “This Space Tech hub and dedicated team are set up to solve today’s problems and take advantage of tomorrow’s business opportunities. We now show clients how to extract, drive and change the opportunities that Space offers by bringing together research and business expertise to deliver the changes they want.”

The Australian space sector is growing at an annual rate of 7.1% and exceeding GDP. The Australian Space Agency has projected that the country’s space economy will grow to more than $8 billion by 2030 and create more than 30,000 jobs.

Matthew Giannelis

Secondary editor and executive officer at Tech Business News. Matthew is passionate about sharing his knowledge of the technology industry. He is also an advocate for global cybersecurity issues. He has been working as an IT support engineer for 20 years. He has been working as an IT support engineer for 20 years.