LONDON, UK. 30th July, 2024 - The UK Space Agency Accelerator launched its highly anticipated third cohorts of their Leo and Geo programmes at the Farnborough Air Show on the 22nd of July 2024. Run in partnership with the UK Space Agency, Entrepreneurial Spark and Exotopic, these latest programmes are set to continue the momentum of the UK Space Agency Accelerator in building a flourishing space ecosystem.
The Leo and Geo programmes provide unparalleled business mentorship that supports space businesses to make ambitious progress towards commercialisation. As a result, a vibrant and diverse community of startups is thriving within the UK space sector which introduces entrepreneurs from adjacent industries into the sector.
The Leo programme is for entrepreneurs who already have a proof of concept in place and are eager to build a high-growth, scalable space company. Across the dynamic six-month programme, successful entrepreneurs will access in-depth workshops and 1:1 sessions with a selected team of growth experts. With their guidance, those in the cohort will refine their business model and product strength to find a sustainable route to market.
The Geo programme provides bespoke support for entrepreneurs with developed market traction, who are ready to drive their businesses towards scale. During the intensive six-month programme, entrepreneurs and those within their teams will work with commercialisation experts to strategically position their businesses for sustained growth.
The launch of the Leo and Geo programmes coincides with the exciting release of the UK Space Agency Accelerator Interim Impact Report. This report outlines the significant impact the UK Space Agency Accelerator has had on UK space startups so far. Some of the most notable outcomes so far include:
- 76 UK businesses have been supported by the programme.
- £1.38m of funding has been raised so far with a further £23m in the pipeline.
- Entrepreneur participation from 11/12 regions in the UK.
- 50 new jobs were created.
- 96% of participants emerged with a clear business model.
Mike Stephens, CEO of Entrepreneurial Spark, said "This report shows that we are already making a difference; catalysing investment, supporting the commercialisation of new technologies that will deliver mission capabilities, and championing space startups across the whole of the UK. This year, we will do even more to collaborate with adjacent sectors to share talent and opportunities, work even harder on inclusion, and connect even more investors with high-potential space entrepreneurs."
Through its most recent Explore cohort and its anticipated next Leo and Geo programmes, the UK Space Agency is furthering its work to support a flourishing startup ecosystem within the UK’s growing space sector.
The Leo and Geo programmes are your opportunity to join a valuable network in which to share your ideas and transform your business.
Applications will be open until the 18th of August 2024. These are reviewed and accepted on a rolling basis however the cohort is expected to fill up quickly, so we encourage you to apply at your earliest convenience.
Learn more about the Leo programme here: https://www.ukspaceaccelerator.co.uk/leo
Learn more about the Geo programme here: https://www.ukspaceaccelerator.co.uk/geo
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