Satellite communications company Myriota has become the first startup to sign an agreement with the new Australian Space Agency.

Spun out of the University of South Australia in 2015, Myriota last year raised $15 million through a Series A funding round, with Boeing HorizonX Ventures among the contributors.

The Statement of Strategic Intent follows a similar agreement penned between international aerospace company Boeing and the Australian Space Agency in April.

Deputy head of the Australian Space Agency Anthony Murfett said the statement symbolised a transformation in the industry in Australia and across the world.

“It demonstrates that businesses of all sizes can make a significant contribution to Australia’s space industry,” he said.

“As a start-up with unique R&D and IP, Myriota’s technological innovation is important not only to support the growth and transformation of our space industry, but is inspiring to the wider Australian community and space entrepreneurs.”

Myriota has quickly become a global leader in nanosatellite Internet of Things (IoT) connectivity and is based at Lot Fourteen, an innovation precinct in the CBD of Adelaide that also hosts the Australian Space Agency.