The UK Space Agency Accelerator has launched applications for its eagerly awaited third cohorts of the Leo and Geo programmes at the Farnborough Air Show on 22nd July 2024. This initiative, run in collaboration with the UK Space Agency, Entrepreneurial Spark, and Exotopic, aims to further develop a flourishing space ecosystem in the UK.
The Leo and Geo programmes offer unparalleled business mentorship, enabling space businesses to advance towards commercialisation. This initiative has cultivated a dynamic and diverse community of startups within the UK space sector, attracting entrepreneurs from a variety of adjacent industries.
The Leo programme is designed for entrepreneurs with a proof of concept who are keen to establish a high-growth, scalable space enterprise. Over a dynamic six-month period, successful applicants will engage in comprehensive workshops and personalised sessions with a select team of growth experts. These experts will assist in refining business models and strengthening product offerings to find a sustainable market pathway.
The Geo programme offers tailored support for entrepreneurs with proven market traction, ready to scale their operations. During this intensive six-month programme, participants and their teams will work with commercialisation specialists to strategically position their businesses for sustained growth.
The launch of the Leo and Geo programmes coincides with the release of the UK Space Agency Accelerator Interim Impact Report. This report details the significant impact the Accelerator has had on UK space startups, with key outcomes including:
- 76 UK businesses supported by the programme.
- £1.38m in funding secured, with an additional £23m in potential funding.
- Entrepreneur participation from 11 of the 12 UK regions.
- 50 new jobs created.
- 96% of participants developed a clear business model.
Mike Stephens, CEO of Entrepreneurial Spark, stated, “This report shows that we are already making a difference; catalysing investment, supporting the commercialisation of new technologies that will deliver mission capabilities, and championing space startups across the whole of the UK. This year, we will do even more to collaborate with adjacent sectors to share talent and opportunities, work even harder on inclusion, and connect even more investors with high-potential space entrepreneurs.”
Through its most recent Explore cohort and the upcoming Leo and Geo programmes, the UK Space Agency is furthering its commitment to supporting a thriving startup ecosystem within the UK’s growing space sector.
The Leo and Geo programmes offer a unique opportunity to join a valuable network, share ideas, and accelerate your business growth.
Applications will be open until 18th August 2024. They are reviewed and accepted on a rolling basis, so early application is encouraged as spaces are limited.
Learn more about the Leo programme here: https://www.ukspaceaccelerator.co.uk/leo
Learn more about the Geo programme here: https://www.ukspaceaccelerator.co.uk/geo
