Intelligent Issue 31 | Page 36


All of our UK Space Agency Accelerator programmes , no matter the stage of a business ’ s growth , pair entrepreneurs with unique access to much-needed resources and expertise . They enable those with new ideas to connect with potential investors , mentors and industry leaders who can help them on their journey . Planning processes within each programme ensure entrepreneurs leave with a clear path and the right network to support every stage of their journey , setting them up for success in space . Accelerator programmes also offer access to supporting infrastructure , such as lab space or testing equipment , which can otherwise be prohibitively expensive for individuals to access without the backing of a programme . By working to break down cost and knowledge barriers , accelerator programmes can help reduce business ’ s research and development time and prepare them to launch new products and services within the space industry that may otherwise not be possible without large capital , something businesses in the early stages of growth often lack .
The promise of a continuously thriving UK space sector is undeniably inspiring ; yet to continue to grow , it needs a diverse selection of people and businesses , with the right skills and technology and to support the sector to prosper .
Inclusion is therefore at the heart of the UK Space Agency Accelerator , offering new opportunities for often underrepresented groups to explore , contribute to and enhance the UK space sector , to unearth new partnerships and to boost employment for the benefit of all . By fostering inclusion through accelerator programmes , the space industry will see increased business survival rates , support high-growth and highpotential entrepreneurs , as well as invite new participants into the booming sector . This community of support , resources and opportunity breeds an exciting environment for entrepreneurs to turn their ideas into concrete and impactful businesses and inspire the next generation of space innovators .
Not only do accelerator programmes encourage and attract a diverse range of participants , they are also an out of this world opportunity for entrepreneurs to access the support they need , so they can take confident next steps in the space sector , irrespective of the stage of their businesses . Such investment in UK businesses unlocks opportunities to create more jobs , to develop a diverse and wider range of science and technology capabilities and to act as a catalyst for further investment into the economy , delivering lasting outcomes for the space sector and related industries across the UK .
By fostering innovation and creating a diverse workforce , accelerator programmes help unearth a new emerging space ecosystem that drives growth both for start-ups and for established companies – and of course , for society and humanity as a whole .
The UK Space agency is always looking for entrepreneurs to join its accelerator programmes . Applications for the next Explore cohort will open on June 21 . �
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