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Two North East companies set to take off with Seraphim Space Camp Mission 4

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DroneLab and NETPark based Evince Technology have been named as two of seven companies taking part in Seraphim Space Camp Mission 4, the UK’s first dedicated accelerator for global start-ups in the SpaceTech industry.

Evince Technology and DroneLab have both received support from The North East Satellite Applications Centre of Excellence (NESSA) based at the North East Technology Park (NETPark) in Sedgefield in County Durham. NESSA is one of two national catapult centres located on the park and funded by the Satellite Applications Catapult and the UK Space Agency helping businesses to exploit the use of satellite data, technology and applications to gain a competitive advantage in a global market.

Evince Technology is developing a fundamentally new class of solid-state electron devices based on synthetic-diamond that offers a significant improvement in performance, robustness, life-time, and operating costs to satellite electronics, communications, propulsion systems, and many other terrestrial applications.

DroneLab is a SaaS platform that enables drone operators to efficiently view, store, and share data from airborne sensors. DroneLab helps drone operators to demonstrate capability, unlock new potential from their data, and increase their profitability. Working with drone operators is just the beginning – DroneLab can help anyone working with very large image files quickly, securely, and easily.

The prestigious accelerator programme features seven new start-ups in total and is being run from the offices of global law firm Dentons at London’s St Pauls.

Launched by Seraphim Capital in 2018, Seraphim Space Camp is a nine-week programme, culminating in an Investor Day. The first three cohorts (comprising 23 companies in total) have collectively raised or had offers of £26 million in private investment and £10 million in grants, and have created 81 job opportunities, since completing the programme. Partners of the programme are: Dstl, Airbus, Dentons, Cyient, the European Space Agency, Rolls-Royce, Ksat, EutelSat, and SA Catapult.

The Mission 4 programme includes 19 full days in person, and corporate discovery days with Airbus, Cyient, European Space Agency, and Satellite Applications Catapult. It also includes a series of workshops and one-to-one mentoring sessions from SpaceTech professionals, advisors, and investors, and pitch practice sessions. There will also be 13 fireside chats and keynotes during the programme, with speakers including some of the world’s leading SpaceTech entrepreneurs and investors.

Rob Desborough, Investment Director at Seraphim Capital and Director of the Seraphim Space Camp accelerator, said: “Following the success of the previous three cohorts, we’re incredibly excited to welcome seven new startups for Mission #4. Previous alumni have raised or had offers of £26 million, which is a testament to the success of the accelerator programme and the relationships forged during the nine-week period.”

“The aim of the programme is to identify the top one per cent of seed-stage SpaceTech startups. We believe each of the new seven startups embarking on Mission 4 companies has the potential to make a significant commercial impact across their specific markets.”

Other companies taking part include:

Modularity Grid

Cloud-enabled platform that increases the life and reliability of satellite power systems by making them inherently flexible. In a small satellite, power is a scarce commodity, and unreliable power systems are most frequently responsible for expensive failures and delays. Modularity Grid’s technology is equipping satellite manufacturers (OEMs) like Airbus, to deliver robust, high performance small satellites, that are able to last longer in Space.

Evolve Dynamics

Evolve Dynamics is a UK-based designer and builder of best-in-class all-weather aircraft UAV (RPAS/drone) systems, sensors, and software for exploration, observation, detection, and surveillance. The systems are designed for emergency services, disaster relief, the energy sector, and security/defence.

PowerMarket

PowerMarket is using satellite data and proprietary deep-learning mapping and monitoring technology to help the solar energy sector optimise grid management and energy trading, while helping policymakers and real estate asset managers identify optimal solar sites. Supported by Oxford University Innovation and European Space Agency BIC, PowerMarket has already completed a PoC with a Fortune 500 energy utility company.

Satellite Vu

Global Infrared intelligence from space – Satellite Vu can monitor the near real-time temperature of every building on the planet to determine valuable insights into economic activity, energy efficiency, and carbon footprint.

Hooley Research

Hooley Research has developed a revolutionary ground antenna that communicates with Low Earth Orbit satellite constellations. With far higher performance and much lower weight than current solutions, and sub-$1000 cost, this flat tracking-antenna will be key to providing high-speed Broadband, ready for the global LEO-sat service launch in 2022.

News source: Seraphim Space Camp or Seraphim Capital


Elaine Scott
Innovation Development Manager
Elaine is part of the innovation team at Business Durham.