This way up for Aussie innovation

NewSat's US funding coup has launched the satellite company into a prime position in the global space race – and shown how innovation in Australia is coming from small, private enterprises.

Don’t let the good news from Greece overshadow a significant announcement from the export banking arm of the US government, which is recommending to the US Congress that America advance $US280 million to an Australian company to start a new infrastructure sector for our country – the operation of satellites for military and resource communication.

And yet again we see that in the non-resource sector, innovation in Australia is coming smaller enterprises rather than the corporate giants.

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