£2 million funding to stimulate space innovation

£2 million funding to stimulate space innovation

03 Dec 2010

The Technology Strategy Board and the South East England Development Agency (SEEDA) are launching a £2 million 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 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 £6m 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 full information about the competition please visit: http://www.innovateuk.org/_assets/pdf/competition-documents/briefs/tsb_feasibilitystudiesforinnovationinspace.pdf

 For full press release including notes to editors please follow this link

Companies and other organisations seeking further information about Technology Strategy Board research and development funding opportunities should visit the Competitions page of the Technology Strategy Board website – www.innovateuk.org, email competitions@tsb.gov.uk or phone the Competitions Helpline on 0300 321 4357. 

Media enquiries only should be addressed to the Technology Strategy Board’s media relations manager or consultant.

Media contacts:
Claire Cunningham, Media Relations Manager, Technology Strategy Board,
Mobile: 07554 115745
Email : claire.cunningham@tsb.gov.uk


Nick Sheppard, Media Relations Consultant, Technology Strategy Board,
Mobile: 07824 599644
Email: nick.sheppard@tsb.gov.uk



Last updated on Friday 18 February 2011 at 11:55

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