Subscribe free to our newsletters via your
. 24/7 Space News .

UK space companies benefit from investment in research and development
by Staff Writers
London, UK (SPX) Dec 05, 2012

File image.

Companies working in, or looking to set up in, the space community at Harwell will benefit from 1 million pound funding to help them to go further and faster towards commercial success, David Willetts announced. The investment in innovative R and D projects is part of the Technology Strategy Board's Launchpad initiative which supports business groups, suppliers and associated institutions who work together in the same location.

David Willetts, Minister for Universities and Science, speaking at the European Space Solutions Conference, said: "Space is one of our most promising sectors and the Government is determined to foster innovation and help companies invest in R and D to drive long-term growth.

This funding will support innovative projects where small businesses may see it as too risky to go it alone when developing their ideas into new products or services. It could also help companies grow by connecting them with mentors, expert advisors and the investor community around the world class Harwell campus.

Harwell is becoming a crucial space cluster and this initiative takes it further"Iain Gray, Chief Executive of the Technology Strategy Board, said: "This important competition will support small and medium sized businesses to achieve their growth ambitions through engagement with the facilities and expertise available around the developing space cluster at Harwell.

Through provision of up to 100,000 pound per project and a programme of business and finance support services around the cluster, Launchpad will support winning businesses in achieving their potential, and in doing so, the development of the next generation of high growth space applications and technologies businesses."

A Launchpad is one of the Technology Strategy Board's business tools designed to support the growth phase of existing clusters - a geographic concentration of interconnected business, suppliers and associated institutions in a particular field. Due to the concentration within a cluster, there are often advantages of speed and knowledge transfer that the Launchpad initiative encourages.

This builds on the success of the Technology Strategy Board's 1.25 million pound investment in London's tech and digital hub Tech City in 2011.

The competition attracted over 200 applications from SMEs to work in the digital space in Shoreditch, London, gaining an additional 1.5 million pound of private sector funding towards 13 projects now at various stages of completion.

Support to raise appropriate new external finance is a key component of a Launchpad and applicants are likely to benefit most from participation in the programme if this aligns with their business objectives. The Space Launchpad will encourage engagement with space sector expertise and facilities on the Harwell campus.

These include the European Space Agency, the Science and Technology Facilities Council, RAL Space and the Satellite Applications Catapult centre, a world-class centre for the development and commercial exploitation of space and satellite-based products, services and applications currently being established at Harwell.

Future planned Launchpads are in the materials and manufacturing sector, which will focus on a cluster of companies around Daresbury and Runcorn Heath, as well as a series of Launchpads in digital and creative clusters across different parts of the UK.

In each Launchpad the Technology Strategy Board will be working with a local partner organisation, known as a cluster champion, to deliver a full package of support to the competition winners and to engage with the cluster as a whole.


Related Links
Innovate UK
The latest information about the Commercial Satellite Industry

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Lockheed Martin Board Elects Marillyn Hewson CEO and President And Member Of The Board
Bethesda MD (SPX) Nov 13, 2012
Lockheed Martin has announced that its board of directors asked for and received the resignation of Christopher E. Kubasik, 51, from his role as vice chairman, president and chief operating officer (COO), effective immediately. The board also elected Marillyn A. Hewson, 58, president and COO, and a director effective immediately, and chief executive officer (CEO) and president effective Ja ... read more

WSU researchers use 3-D printer to make parts from moon rock

China's Chang'e-3 to land on moon next year

Moon crater yields impact clues

Study: Moon basin formed by giant impact

Opportunity Rover Does Walkabout Of Crater Rim

NASA Mars Rover Fully Analyzes First Soil Samples

Curiosity Shakes, Bakes, and Tastes Mars with SAM

China prepares to grow vegetables on Mars: state media

SciTechTalk: Media fixes for space junkies

NASA Voyager 1 Encounters New Region in Deep Space

Voyager discovers 'magnetic highway' at edge of solar system

Why Study Plants in Space?

Mr Xi in Space

China plans manned space launch in 2013: state media

China to launch manned spacecraft

Tiangong 1 Parked And Waiting As Shenzhou 10 Mission Prep Continues

Space Station to reposition for science

Spacewalks on agenda for new space crew

NASA, Roscosmos Assign Veteran Crew to Yearlong Space Station Mission

Three ISS crew return to Earth in Russian capsule

S. Korea readies new bid to join global space club

Arianespace Lofts Pleiades 1B Using Soyuz Medium-lift launcher

Japan Schedules Radar Satellite Launch

Arianespace ready for next Soyuz and Ariane missions

Search for Life Suggests Solar Systems More Habitable than Ours

Do missing Jupiters mean massive comet belts?

Brown Dwarfs May Grow Rocky Planets

Astronomers report startling find on planet formation

Countdown begins to the next generation of satellites

Android gains on Apple in surging tablet sector: survey

Organic metamaterial flows like a liquid, remembers its shape

A better way to make chemicals?

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement