UK Space Tech Angels *UKSTA), which is designed and delivered by London Business Angels (LBA), hosted its first investor workshop on Thursday 2 March 2017 at Runway East on Finsbury Square.
This event took place within three months of the launch of UKSTA and attracted 60 potential and seasoned investors, as well as Space industry experts. UKSTA’s series of investor workshops and pitching events are being organised by LBA in conjunction with the £80m Seraphim Space Fund which opened its doors for business last autumn. The UKSTA programme is also supported by leaders in the industry such as Airbus Ventures and the Satellite Application Catapult.
The investor workshop featured keynotes from speakers Stuart Martin (pictured above), CEO of the Satellite Applications Catapult, and Tim Just, Head of Space at innovate UK, who both gave some their personal insights on the space industry and its future growth expectations. The workshop also featured talks from James Bruegger, Investment Director at Seraphim Space Fund, Sam Adlen, Head of Business innovation at Satellite Application Catapult, and two LBA investor members who had already invested in space sector start-ups
UK Space Tech Angels aims to provide new and dedicated sources of seed and early stage angel funding thanks to a tailored programme that connects angel investors with high-growth space-enabled start-ups. The programme focuses on UK-based early stage space companies predominantly downstream technologies such as Data Analytics, 3D mapping, Artificial Intelligence, Satcom, GeoData, Augmented reality, as well as semi conductors and drone technologies.
The UK’s business angels currently invest two/three times more than venture capitalists in start up early stage technology companies, with over £2 billion reported by HMRC as being invested in 2015 by private investors under the SEIS/ EIS Schemes. Currently, only a very small proportion of this sum is invested into space sector companies. However, LBA believe this picture will change rapidly as more investors develop their understanding of the sector and its investment opportunities, through tailored initiatives like UK Space Tech Angels.
The inaugural UKSTA company presentation pitching event will take place in the City of London on the evening of 23 March 2017, where 6 start up/early stage and potentially high growth space technology companies will present to the UKSTA community.
Anthony Clarke CEO of LBA and UKSTA comments: “Space-related technology investment is an incredibly exciting field to be in, with opportunities to make a significant return whilst supporting ground-breaking new technologies that have the potential to change the way we all currently conduct our lives. UKSTA welcomes meeting new investors interested in being part of this journey.”
Experienced/new angel investors wanting to join UKSTA can find out more by emailing at firstname.lastname@example.org.