The UK’s Science and Technology Facilities Council (STFC) and Singapore Space and Technology Limited signed the agreement on Wednesday. The pair have outlined a plan to work together to support Singapore and UK-based space tech start-ups. The collaboration aims to accelerate the growth of the sector by providing them with the tools to access the industry.
STFC Executive Director for Business and Innovation, Paul Vernon, said: “The space sector is one of the most innovative and rapidly growing space economies in the world.
“However, for any start-up business, using space technologies to create new and profitable products or services can be a daunting challenge.
“Successful start-ups are an essential part of our future prosperity, and STFC has a clear commitment to provide the best environment possible for them to innovate and grow.
“Collaboration is a key factor when it comes to empowering businesses to overcome their challenges and succeed.”
The agreement will see start-ups from the UK and Singapore introduced to potential international investors across Asia and the UK.
They will…
