UK entrepreneurs invited to help shape future of Space in international competition
07 June 2019
Press Release from The University of Nottingham:
The call is out for aspiring entrepreneurs across the UK to enter into an international space competition, with the opportunity to win thousands of pounds in cash and business support for their innovative idea.
The Galileo Masters competition is open to anyone who has an idea that uses satellite navigation technology - be it for position, time, navigation or any other use, including iPhone, iPad and Android apps, as well as applications in any professional field.
GRACE (the Geospatial Research and Applications Centre of Excellence) at the University of Nottingham is hosting the UK rounds of the Galileo Masters competition, where the region’s champions will win £1 000 in cash and £4 000 worth of business support including an incubation programme. The UK winners will then go on to compete at international level for a €10 000 cash prize, as well as further support such as an accelerator programme.
“The UK challenges of the competition are a fantastic opportunity for those with an innovative idea for a satellite-based product or service that just need some help getting off the ground. The attractive support package, which includes business incubation, consultancy and patent advice, will help advance an idea all the way through to commercial success.” Paul Bhatia, general manager of GRACE at the University of Nottingham
From healthcare, military and leisure, to traffic management and transport logistics, satellite navigation is used around the globe. The Galileo Masters sets out to find the innovators of tomorrow with ideas that improve everyday life, which will advance Europe’s satellite technology capabilities.
The competition provides support for innovative ideas at any development stage, with the ultimate aim to turn them into reality. In previous years the Galileo Masters has helped launch a number of successful business ventures.
Those entering with links to a university should enter the University Challenge and start-ups, businesses and aspiring entrepreneurs should apply to the UK Challenge.
Successful entrants will be invited to a ‘dragon’s den’ style pitch to a panel of UK space industry experts, who will decide the winning idea to go forward to the international competition.
The competition is sponsored by Collins Aerospace, SPRINT, Nottingham Scientific Limited, the Manufacturing Technology Centre and the Royal Institute of Navigation with the support of the Satellite Applications Catapult and the UK Space Agency.
More information and details on how to enter the competition is available at https://www.nottingham.ac.uk/grace/galileo-masters/index.aspx
The closing date for entries is July 31 2019.