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Enter the Leading Ideas Competition for Next-Generation Space Applications Now!

15 Nov 2016, 14:50 UTC
Enter the Leading Ideas Competition for Next-Generation Space Applications Now!
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The second edition of the INNOspace Masters competition is now set to begin under the theme “Space 4.0”. From 14 November 2016 to 13 February 2017, interested participants are invited to submit their innovative ideas and solutions for improving the production and design of satellites, payloads, or launchers.Spin-in technology transfers driving innovation in the New Space EconomyAn increasing number of innovative ideas from a wide variety of sectors are finding their way into space applications and ushering in fundamental changes to the surrounding industry landscape. Dubbed the “New Space Economy”, a newly established global community of innovation and entrepreneurship is profiting from new sources of capital outside of the usual institutional budgets. The number of private stakeholders involved in defining payloads and manufacturing and operating satellites and launch systems has grown exponentially in a very short time.Here, new technologies and processes from other industries can provide the space sector with unexpected avenues for future development. They are giving entrepreneurs the chance not only to stake out better market positions, but to expand their offerings and tap into all-new markets, as well. Indeed, such innovations have the potential to revolutionise the entire value chain.Prizes for Space 4.0 innovationsThe INNOspace Masters, which ...

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