SpaceTech incubation initiative supporting SME’s to exploit space technology

3rd April, 2017

The UK Space Agency has awarded just under £150,000 to three business incubation centres across the UK which will support entrepreneurs and small companies in the space industry.

The Agency is working with UK industry to deliver world-class science innovation support, in line with the Government’s Industrial Strategy, which emphasises the importance of science, innovation and skills.

The business incubation centres in the Solent, Scotland and the South West of England, will support start-up companies by providing advice and support, giving access to facilities and resources and collaborating on events and initiatives with other business incubators.

  • Just under £50,000 has gone to a joint scheme between the National Oceanography Centre’s Marine Robotics Innovation Centre, in Southampton, and the University of Portsmouth’s Innovation Space. The money will be used to provide an innovation hub in Southampton with world-leading expertise in developing next generation Marine Autonomous Systems and an incubation centre in Portsmouth.
  • In a scheme led by the University of Exeter, the South West Centre of Excellence in Satellite Applications Partnership has received £50,000 to run the SpaceTech Incubation Initiative, which will support start-ups and innovative SME’s to exploit space technology. SpaceTech will be delivered by SETsquared EXETER with high-potential businesses being provided with ‘grow-on’ space at Goonhilly Earth Station, Helston.
  • A further £50,000 has gone to the Scottish Centre of Excellence in Satellite Applications, based at the University of Strathclyde, to work with Tontine in Glasgow, a high-tech acceleration and growth space for new businesses. The money will be used to support new start-up and scale up businesses.

The space sector is a UK success story, with growth averaging over 8% a year over the last decade, a turnover in excess of £11 billion a year and ambitious plans to achieve 10% of the global space market by 2030.  Much of this growth is anticipated to come from companies using space-derived data or services in a broad range of different sectors.

Helen Roberts, Regional Growth Manager at the UK Space Agency, said: “We are delighted to extend the network of incubators supporting space sector start-ups to cover even more of the UK.

“These new business incubators add to the existing network of SETsquared, Leicester Dock, UNIP in Nottingham, Loughborough University, Business Durham, Science and Technology Facilities Council (STFC) at its Daresbury Laboratory site, Glyndwr Innovations in St Asaph, North Wales and the European Space Agency’s business incubator at Harwell.
“We look forward to working with them and seeing them help exciting new businesses to develop and flourish.”




A look inside some of Cornwall’s most inspiring workspaces

19th March, 2019

Cornwall is a great place to work. With beautiful, inspiring surroundings and plenty of space to do whatever it is you do best, you’re sure to find somewhere that suits you both personally and professionally. There are a huge range of business premises available in […]

Read More




Launching Goodfest: The creative festival for good

11th March, 2019

Goodfest, a new annual festival aimed at inspiring the minds of the creative and curious, will launch for the first time in May 2019. Held at Bedruthan Hotel in North Cornwall between Wednesday 1st – Thursday 2nd May 2019, the festival will play host to […]

Read More

Be the first to hear the latest news, releases and stories from the UK's most exciting and innovative region

Workspace

Cornwall’s eclectic mix of work environments offers a variety of opportunities from collaborative seaside co-working spaces through to industrial workshops

See More

Talent

Cornwall’s businesses engage with and attract a highly motivated pool of professionals who are making the most of Cornwall’s unparalleled work/life balance

See More

Finance & Funding

We work closely with various organisations to introduce your business to finance and funding opportunities throughout the region and beyond

See More

Lifestyle

Work hard. Play hard. Live well.

See More

Community

Cornwall is home to a uniquely supportive and collaborative business community, and as soon as you arrive, you’ll feel it.

See More

Location & Connectivity

1 hour to London. 5 minutes to the beach. Up to 330 Mbps

See More

Why invest in Cornwall?

If you’ve got questions about establishing your business here, or if you’d like to find out exactly how we can support you, get in touch today

Find out more