Eutelsat Communications (Euronext Paris: ETL) is set to become a partner of Seraphim Space Camp, the UK's first accelerator for space technology start-ups.
Launched by Seraphim Capital, the world’s leading SpaceTech venture fund, Seraphim Space Camp was created a year ago in London. Eutelsat will join the likes of the European Space Agency, Rolls-Royce, and Airbus in supporting the 3rd edition of the Seraphim Space Camp programme. Over the course of 9 weeks, the selected startups will have their businesses accelerated to become investment ready and to achieve commercial scale, receiving assistance with fund-raising, business and commercial advice, individual coaching and mentoring opportunities, as well as access to Seraphim Space Camp’s industry network.
Eutelsat will be feeding into this ecosystem by actively engaging and providing its satellite expertise and space heritage to those participating start-ups, thus gaining exposure to a range of technological innovations which could support its future growth.
Jean-Hubert Lenotte, Eutelsat’s Director of Strategy and Strategic Marketing said: "We are delighted to partner with the Seraphim Space Camp and to play our part in stimulating the technological innovation which drives the development of our sector. This engagement underlines our commitment to an open innovation strategy. Seraphim Space Camp’s comprehensive and hands-on approach has already established itself as the go-to accelerator in the space field, notably leveraging the current dynamism of the UK space sector.”
Rob Desborough, Director of Seraphim Space Camp said: “We’re incredibly pleased to announce our partnership with Eutelsat. Many of the companies we select are utilising satellite data to solve on-Earth challenges, so to have onboard one of the world’s leading satellite operators brings significant additional value to the programme. We look forward to working closely with Eutelsat throughout Mission #3 and beyond as we take Seraphim Space Camp to Europe.”
Source: Eutelsat Press Release