Up to £3.5 million funding is being made available by the UK Space Agency’s Unlocking Space for Business competition. It will offer financial services and transport & logistics companies, alongside satellite data and service partners, the chance to apply for investment to trial new solutions that use satellite data and services to benefit their organisation.
Projects must provide benefit to an end-user business within either the Financial Services or Transport & Logistics sectors, and must have a positive economic benefit to end-users within the UK. This grant call is targeting medium-to-high technology readiness level (TRL) solutions that can deliver a tangible end-user benefit within the 9-month maximum project duration.
Applications must be submitted by 4pm BST on Wednesday 22 May.
Awarded projects are expected to start from July 2024 and must be fully completed by March 2025. They must involve one or more of the three types of commercial satellite data and services in combination with complementary terrestrial data and technologies (e.g. AI, machine learning, quantum, drones, geospatial data), which are:
- Satellite imagery (earth observation)
- Satellite connectivity and communications
- Position, navigation & timing (PNT)
Further information and associated documentation
Associated events
Webinar (Teams): Unlocking Space for Business: Grant Call Briefing
Date: Wednesday 10 April, 11am-11:45am
Further details and registration
Seminar: Unlocking Satellite-Driven Insights for Financial Services: Managing risk & driving sustainable finance
Date: Monday 15 April, 9am-12pm
Location PwC, More London
Further details and registration
Seminar: Unlocking Satellite-Driven Insights for Transport & Logistics: Establishing connected and intelligent operations
Date: Monday 29 April, 9am-12pm
Location PwC, Embankment Place.
Further details and registration