News that Adelaide would be the home of Australia’s new $41 million Space Agency has been seen as one of the largest legacies of any Australian business event.
The 2017 International Astronautical Congress (IAC) with 4500 delegates remains the largest business event won by the Adelaide Convention Bureau and Team Adelaide for South Australia.
From the outset of the decade long process in bidding, losing, re-bidding and winning the event, the goal of the local IAC committee members from the Space Industry Association of Australia was to leverage the event to ignite discussion and enthusiasm at a federal government level with the aim of creating an Australian Space Agency.
The Australian Space Agency will be housed, along with similarly aligned businesses, innovators and organisations, in the old Royal Adelaide Hospital site (now known as Lot Fourteen Innovation Hub) in the eastern end of the CBD.
Set to open in 2019, the Agency will employ 20 people and will regulate, licence and assess space-related activities conducted by private industry. The Federal Government hopes that the agency will help coordinate Australia’s space industry to create 20,000 new jobs and triple its current $4 billion worth to $12 billion by 2030.
Damien Kitto, CEO Adelaide Convention Bureau, says the announcement is the ultimate legacy and presents a huge opportunity for the Bureau.
“As with medical and health-based events following the massive investment in infrastructure in the BioMed City, this development has opened the doors to the Bureau now having a huge asset to utilise when seeking to attract space and related industry events to Adelaide,” he said.