Startup Culture: Leverage Country and Innovation Cycles

startup culture: With advances in technology and the falling cost of launch slots, the fledgling Australian Space Agency, set up last year, is taking a commercial approach to extraterrestrial ventures, according to The Japan Times. It aims to leverage the country's industrial skills in mining remote locations, developing automation and tapping a fast-growing startup culture to triple the size of the sector to 12 billion Australian dollars 8.5 billion by 2030. ; We're witnessing a massive transformation of the sector, due to things like the miniaturization of technology, the lowering cost of launch and faster innovation cycles, ASA Deputy Head Anthony Murfett said in an interview. Its advantage Half the country already looks like Mars. ASA aims to be one of the most industry-focused space agencies in the world. The government budget for ASA is just AU 41 million for four years, compared to NASA's annual 20 billion and the European Space Agency's 5.7 billion 6.4 billion . Without deep pockets, Australia's ambitious space projects will need to be commercial enough to interest businesses. It will need to be. (news.financializer.com). As reported in the news.