Seraphim Capital today is launching “Space Camp Accelerator” supported by ESA Business Applications. This is the UK’s first dedicated accelerator programme for startups in the spacetech industry. Space Camp’s aim will be to “help the best spacetech startups secure funding, achieve scale, and foster close working relationships with industry leaders.
Six startups will be selected to join the programme, with a focus on identifying the best data- and satellite-led businesses that are either addressing the biggest challenges facing corporates in the space industry or creating value for industries on earth, from transportation to agriculture to urban planning. The nine-week programme will run twice annually, with the first cohort beginning on 8 May 2018 and the second following in September.
In a statement, Mark Boggett, CEO at Seraphim Capital, said: “Space is a $350 billion industry that underpins many elements of our everyday lives. $2.5 billion was invested in spacetech startups by VCs globally in 2017, but those startups still need greater access to industry-specific advice and support. We’re turning the accelerator concept on its head: investability is a prerequisite for the startups we invite to be part of Space Camp Accelerator, not the endgame of their involvement as it might be for other programmes.”