Don’t think space is for you? Think again.
The UK Space Agency, along with space experts from The University of Strathclyde and entrepreneurial growth experts from Entrepreneurial Spark, has launched a new Space Acceleration Programme aimed at making space more accessible to everyone.
You might be a space business looking to grow. Or a start-up looking to make the most of the limitless opportunities of this fast-growing sector. Even if you don’t know whether your business has a place in space yet, you might be surprised by the opportunities.
Following the recent announcement by the UK Government, outlining their support to help the UK’s space sector build back better post-covid, there has never been a better time to explore what a move into the space industry can offer to all businesses – from Tourism, to Retail to Farming to Banking.
The business support from the UK Space Agency’s new initiative is split into two options – ‘Business Horizons’ and the ‘Leo Programme’.
Business Horizons has been designed to offer regional innovators support in regards to achieving successful business growth and is open to all suitable businesses and innovators. It will consist of a series of 8 events covering diverse topics – from building innovative business models, looking at industry developments and future forecasting, to entrepreneurial mindset and behaviours. It also offers a specialist pre-event toolkit that can be applied directly to the business, access to a 10-15 minute talk by a subject matter expert, live acceleration, and a Q&A session with subject-expert panel members.
The Leo Programme is an application-only programme that is designed to promote high-growth for high potential businesses; this is a bespoke, one to one accelerator programme.
Leo offers businesses a focus on building competitive, productive and sustainable business models, intensive mindset and behaviour workshops, and one to one access to a range of academics and industry specialists.
In 2020, two similar SpaceTech initiatives were delivered in the South West, providing an opportunity for the region’s small businesses to get involved in a two-day training programme, offering crucial support for budding SMEs – the results were a testament to the innovation within the region.
As part of the programme, South West based businesses will be able to discover how space data and technology can propel them to success. The aim of these workshops was to help entrepreneurs to focus on key areas for development, hone their products and services, and learn the right approach to pitch to potential investors, including the UK Space Agency and European Space Agency.
As a result of SpaceTech, award winning Data Duopoly were able to develop their travel experience app that focuses on queue management, reducing the need for social distancing and improving and enhancing customer experience. The programme helped position the startup with the tools and support they needed to validate and accelerate their product – building a satellite applications tool that has allowed the brand to go from strength to strength, achieving faster and more sustainable growth.
Tanuvi from Data Duopoly said: “I think honestly, the whole space tech incubator has been great; I think it’s been a great way for validation for what we’re already doing. And also talking to lots of interested parties to see how we can grow on our journey. I think the speed mentoring network was absolutely fabulous.
Ready to supercharge your business? Sign up to the new Space Accelerator today.