PARIS (ESA PR) — ESA will give the most promising European space applications, services and technologies the chance to access a substantial new source of venture capital finance.
ESA has signed an agreement with the £83 million (€116 million) Seraphim Space & Special Situations Fund to work alongside ESA’s Advanced Research in Telecommunications Systems (ARTES) Applications programme. The Fund will also back other space-related investment opportunities beyond ESA.
LONDON (UKSA PR) — The Government is to grant nearly £6 million to co-fund major new British research that will develop commercial products and services using space technology and data from space-based systems.
The grant funding, part of the National Space Technology Programme (NSTP) from the UK Space Agency (www.bis.gov.uk/ukspaceagency) and the Technology Strategy Board (www.innovateuk.org), will support four major research and development consortium projects to be led by Astrium Ltd, Avanti Communications Ltd, DMC International Imaging Ltd and Surrey Satellite Technology Ltd.
The total value of the R&D, including contributions from the participating companies, is over £11.5 million. The portfolio of projects includes participation by 21 partner companies, universities and research organisations, including 7 SMEs.