Networks are key to growth for SMEs, and nowhere is this more so than in the challenging space sector. The University of Nottingham are launching a new incubation programme at the university’s Innovation Park.
The Space Technology Entrenrepeneurship programme will tap into the expertise in both technology and business within the university. The project, which is funded by the UK Space Agency, aims to support startups from across the space sector, and go some way towards achieving the national target of obtaining 10% of the global space market by 2030.
A launchpad for success
Startups will gain access to facilities and resources, whilst also being able to collaborate with fellow startups via events and other initiatives. They will also have access to key technological expertise via the university, including downstream applications of geospatial engineering, aerospace, energy, digital and advanced manufacturing technologies.
Colin Baldwin, UK Space Gateway Programme Manager at the UK Space Agency, said: “Within the East Midlands there are opportunities for a range of companies developing innovative products that can match the needs of the space industry, building upon existing strengths in space hardware, Earth observation and global navigation systems.
“We’re committed to nurturing business and research in these regions, and showing small businesses how they can benefit from our £11.8 billion space industry.”
Mark Tock, Director of the University of Nottingham Innovation Park, said: “It is fantastic news that UNIP is part of this exciting UK Space Agency incubation initiative, and very timely with the forthcoming opening of our new Technology Entrepreneurship Centre.
“The University of Nottingham has a tremendous range of expertise and facilities which will be of great benefit to businesses looking to gain a foothold in the space sector. Our initial aim is to support a minimum of eight start-ups or SMEs in this sector by the end of the year, and we hope that with our support they will grow to their potential, creating new jobs over the coming years.”
For more information about the Space TEC programme in Nottingham or to find out about accommodation options in the Technology Entrepreneurship Centre, email Mark Tock at email@example.com or tel: 0115 748 4608.