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UK Space Agency Launches Competition for Business Ideas to Test on Space Station

11 Oct 2019, 09:46 UTC
UK Space Agency Launches Competition for Business Ideas to Test on Space Station
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SWINDON, England (UKSA PR) — British entrepreneurs could have their business ideas tested out on the International Space Station thanks to a new funding contest.

The UK Space Agency will provide funding and the first space flight for the winning concepts, which could be anything from medicines and innovative materials developed in microgravity, to space-flown consumer products.

Matched funding of up to £1 million is available via the UK Space Agency from the European Space Agency’s Business Applications Space Solutions fund. The announcement was made during World Space Week, which runs from 4 to 10 October.

Science Minister Chris Skidmore said:

Developments in space inspired technology have resulted in truly remarkable breakthroughs – from the hi-tech materials we use in engineering to examining cancer molecules within the human body.It is amazing to see our most innovative businesses and entrepreneurs tackling one of the UK’s greatest opportunities. For them, the sky is not the limit. The opportunity to test their pioneering projects in space will help ensure the UK remains a global science superpower.

The US is already exploring the emerging commercial microgravity market and its International Space Station (ISS) portfolio of projects has leveraged more than $100 million from ...

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