In a move that further cements its position as a pioneer in the UK's burgeoning space sector, Open Cosmos has been awarded a £5 million project from the UK government’s Space Clusters and Infrastructure Fund (SCIF).
Open Cosmos will use the funding to expand its manufacturing and R&D capability for microsatellite and constellation markets, while also extending its reach of data commercialisation and expertise with organisations such as Space Park Leicester.
The UK Space Agency’s SCIF is the UK's first dedicated fund for space infrastructure and supports UK organisations leading the way to make space products mission-ready and sell them into commercial markets. It was launched to enable industry pioneers to invest in R&D facilities and equipment nationwide that will bring high-potential, high-value space technologies to market.
This fund will not only help make the UK’s satellite market more accessible, affordable and useful but will further establish the UK as a global space leader. The space sector is worth over £17.5bn to the UK economy and employs 48,800 people nationwide.
Subscribe to our newsletter
Stay updated on the latest technology, innovation product arrivals and exciting offers to your inbox.Newsletter