£2 M Space Innovation Competition is Launched
The UK’s Technology Strategy Board (TSB) and the South East England Development Agency (SEEDA) have launched a £2 M funding competition to stimulate innovation across the space industry. The Feasibility Studies for Innovation in Space funding competition aims to accelerate the development of new innovative commercial opportunities in the space sector and is aimed at innovative businesses in the UK, with investment of up to £25,000 available for each feasibility study.
The key criteria for assessment of project proposals from companies will be market potential, commercial impact and potential for success in the next steps of development. Project proposals must relate to one or more of the following market areas: Satellite Telecommunications; Sensing; Position, Navigation & Timing; Robotics & Exploration and Access to Space.
Projects are strongly encouraged to exploit and build on the capability of the International Space Innovation Centre, a centre of excellence and hub for British space activity, which SEEDA has supported with £6 M of collaborative R&D funding. The competition opens on 10 January 2011 and closes on 10 February 2011. The feasibility studies supported under this competition may develop into submissions to a follow-on competition, which is under consideration for later in 2011.
For more information, visit: www.innovateuk.org/_assets/pdf/competition-documents/briefs/tsb_feasibilitystudiesforinnovationinspace.pdf.